Press release
Baker Hughes Acquires Exclusive License from SRI International for Mixed Salt Process Technology for Carbon Capture
Agreement further expands and complements Baker Hughes CCUS technology portfolio offering to strategically position for new energy frontiers Mixed Salt
About this update from Baker Hughes Company
[{"type":"text","content":"\n\nAgreement further expands and complements Baker Hughes CCUS technology portfolio offering to strategically position for new energy frontiers\n\n\nMixed Salt Process technology enables significant carbon capture separation cost reductions, providing Total Cost of Ownership savings for energy and industrial operators to decarbonize operations \n\n\nCCUS technologies are critical for putting energy systems around the world on a sustainable path\n\n\n HOUSTON & MENLO PARK, Calif.--(BUSINESS WIRE)--\nBaker Hughes (NYSE: BKR) announced it has entered into a global exclusive licensing agreement with SRI International to use SRI’s innovative Mixed-Salt Process (MSP) for CO2 capture. SRI has received support from the U.S. Department of Energy’s Office of Fossil Energy (FE) and National Energy Technology Laboratory (NETL) in developing its MSP technology. The agreement with SRI follows Baker Hughes’ acquisition of Compact Carbon Capture announced in November 2020, and further expands and complements its CCUS (carbon capture, utilization, and storage) for applications such as the treatment of flue gases from fossil fueled power plants, gas turbines, industrial applications, and the cement industry.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210329005134/en/\nThe advancement of carbon capture technology solutions is widely considered critical to delivering CO2 emissions reductions needed to meet global 2050 climate and net-zero emissions targets. In the energy and industrial sectors, carbon capture is among the most viable decarbonization paths for both retrofitting existing assets and greenfield projects. The Baker Hughes CCUS portfolio features advanced turbomachinery, solvent-based state-of-the-art capture processes, well construction and management for CO2 storage, and advanced digital monitoring solutions.\n\n“The Mixed Salt Process combines an efficient, post-combustion carbon capture process that uses a novel solvent formulation that relies on commodity chemicals. Our process has the benefits of a low manufacturing carbon footprint, reduced energy consumption and greater efficiency. The technology also differentiates itself from other state-of-the-art amine-based carbon capture technologies by negligible solvent-degradation and reduced water use, as well as the fa...