ABB (ST:ABB) and the Computer Modelling Group (CMG) have announced a partnership aimed at integrating subsurface modeling into ABB's digital twin technology for commercial carbon capture and storage (CCS) operations. This collaboration is expected to simulate CO2's journey from surface to underground, reducing risks and costs through virtual testing.
The collaboration will see ABB's Ability™ OPTIMAX® system merge with CMG’s subsurface modeling expertise to form an end-to-end solution. The goal of this partnership is to create a product that enables intelligent, real-time decision-making for large-scale carbon storage.
Brandon Spencer, President of ABB Energy Industries, accentuated the significant role of this technology in speeding up CCS adoption and managing risks such as unexpected underground reactions. Pramod Jain, CEO of CMG, underscored the importance of advanced subsurface modeling in assessing CO2 injection risks.
The International Energy Agency's updated Net Zero Roadmap underscores the urgency for rapid advancements in CCS to meet net-zero emission targets. Additionally, McKinsey & Company suggests that successful CCS deployment could cut global industrial carbon emissions by 45 percent, bolstering the objectives of the Paris Accord.
ABB’s Process Automation business and CMG are leading initiatives to facilitate intelligent, real-time operational decision-making crucial for managing risks like salt precipitation. Both ABB, with its approximately 105,000 employees, and CMG are at the forefront of solutions to complex energy industry challenges.
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