Carbon Utilization
Modeling opportunities to capture carbon emissions from multiple sites for chemical conversion to fungible products such as urea and methanol.
Approaches to emissions reduction are more effective at scale. KBC is working with networks of industries and businesses to identify large-scale emissions reduction opportunities.
KBC is working with a variety of industries to identify joint emissions reduction opportunities such as large-scale carbon capture projects from sequestration to utilization, energy usage optimization, and hydrogen networks. By building maps and models of the interconnected process and energy systems, KBC is able to identify and quantify emissions sources and prioritize joint reduction efforts from an integrated perspective.
In many cases, companies with a potentially large amount to gain by acting to reduce emissions collectively are unable to do so because of legacy business boundaries. KBC and Yokogawa work to break down those divisions, in the cause of achieving Net Zero emissions targets by working as an expert intermediator to credibly identify what’s possible, the size of the benefit, and a collaborative digital data model designed to implement and achieve the reduction.
A successful solution for significant emissions reduction is more likely where there are many similar plants, perhaps geographically dispersed. Significant reduction solutions for large dissimilar assets tend to be geographically centered. They require different approaches.
A provocative question. What if … after all large energy producers, consumers and hubs have optimized and planned their production, a collective optimization of the whole ecosystem was to balance energy demands, optimize costs and minimize CO2 emissions through the secure and private sharing of relevant real-time information and a global improvement objective function?”
KBC works to build consensus and thus align the independent elements by building a credible and fact-based case for change centered around a specific emissions reduction hypothesis. Using the evaluated results of collective action and articulating a risk-free, digital approach to coordinated activity, KBC can drive significant progress to Net Zero across large, complex industrial areas.
KBC and Yokogawa are experienced in enabling confidential data sharing between separate corporate elements. KBC’s WellShare technology allows multiple offshore producers to plan and use the same energy-gathering systems without the inappropriate exchange of information. In the same way, KBC and Yokogawa design and implement systems to gather energy and emissions data from multiple independent parties and allow collectively optimum emissions reduction solutions to be promulgated without inappropriate collective actions to arise.
KBC and Yokogawa are working with a system of geographically close industries in Japan to achieve the Net Zero targets. These industries include a steel plant, a power plant, oil refineries and chemicals producers. KBC and Yokogawa are working to enable collective action from a centralized operating entity whose sole goal will be to maximize greenhouse gas emissions reduction from collective planning and investments.
Regional Head of Business Development
“Perhaps the most promising but complex approaches to significant emissions reductions are those that look at the opportunities in cross-industry, network systems. It is no surprise then, that these are occasions where KBC and Yokogawa’s combined expertise truly shines. Our detailed simulation-based insights build strong and credible cases for action around which traditionally distant companies can engage collectively while our digital solutions are proven to minimize the risks of data leakage and loss of independent agency in their implementation. ”
