General Electric (GE) Gas Power (NYSE: GE) is helping advance carbon capture deployment in Asia. The company announced October 28th the signing of a Memorandum of Understanding (MoU) with DL E&C Co. Ltd. and CARBONCO to jointly explore a roadmap for carbon capture technology development with natural gas combined cycle plants in Asia and Oceania, powered by GE power technology.
DL E&C Co. Ltd. is Korea’s leading engineering, procurement and construction (EPC) company, and CARBONCO, its subsidiary, is a company specialized in decarbonization. The expansion of carbon capture in the region aligns with GE’s commitment to support the energy transition towards a lower-carbon future.
The three companies plan to identify and develop potential project opportunities for an existing or new combined cycle power plant, along with conducting feasibility and front-end engineering design (FEED) studies to explore possible locations to implement the carbon capture technologies.
The companies also plan to jointly explore the commercialization of carbon capture technologies integrated with combined cycle power plants for interested customers.
“In Asia, there is a significant installed base of over 1,300 GE gas turbines that is providing electricity for customers and communities across the region. We are pleased this collaboration will pave the way for our customers to pursue the adoption of CCUS technologies in their GE gas turbines…,” said Ramesh Singaram, President and CEO of GE Gas Power Asia.
GE has installed over 70 of its natural gas turbines as of September 2022. That represents a power generation capacity of more than 14,000 MW which is equivalent to the annual electricity requirement for 10 million Korean households. GE wants to provide solutions that will help improve the standard of living across the country, while improving energy efficiency, productivity, cost, and emissions.