Aspen Technology, Inc. (AspenTech) has declared how engineers and researchers across industry, academia and government alike are using its aspenONE CO2 capture simulation software to fight global warming.
The CO2 capture models within the aspenONE Process Engineering software are accelerating efforts to meet the increasing adoption of government reduction mandate requirements, while supporting clean energy development.
AspenTech’s CO2 capture models allow cost-effective design and optimisation of manufacturing processes that separate CO2 before it is emitted. By neutralising the impact of such gas, process manufacturers can better achieve their operational excellence goals through environmental regulation compliance, and thereby gain a competitive advantage.
Most recently, the company released out-of-the-box modelling functionality for coal gasification, bio-fuels, and other alternative energy sources in its new aspenONE V7 Process Engineering solution suite.
Mark Fusco, CEO of AspenTech, explained the company’s ongoing commitment to innovation in the field, “Our continued strong commitment to R&D funding keeps AspenTech at the forefront of innovation in finding newer and better ways to meet today’s energy challenges. We are working in lock-step with the world’s leading engineers and researchers across government, academia and the process industries, in the search for promising new alternatives for emissions controls and clean energy sources.”
Current users of the CO2 capture models include the Research Institute of Innovative Technology for the Earth (RITE), The Massachusetts Institute of Technology (MIT), University of Texas at Austin, Cansolv Technologies, American Electric Power, Rentech, and others.
Randall Field, Executive Director - Conversion Research Program for the MIT Energy Initiative, added, “Using AspenTech’s software we are able to identify and analyse innovative ways to reduce the parasitic energy loads and costs associated with carbon dioxide capture.”
Recently implemented state-led initiatives such as the Regional Greenhouse Gas Initiative (RGGI) and the Western Climate Initiative (WCI) and the Midwestern Greenhouse Gas Accord (MGGA) are designed to establish the nation’s first mandatory, market-based solution to reduce greenhouse gas emissions.
Following the European Union’s Emissions Trading System (ETS) model, US states are expected to cap emissions output and sell allowances through auctions.