Carbon Capture: GEA solutions pave the way for decarbonizing the cement industry
Carbon capture solutions for high-emission industries Carbon capture: GEA solutions pave the way for decarbonizing the cement industry
Düsseldorf (Germany), September 18, 2023 – If the cement industry were a country, it would rank as the third-largest contributor to global carbon emissions. GEA, the international technology group, has developed an extensive carbon capture portfolio to push forward the decarbonization of carbon-intensive industries both swiftly and cost-effectively. This will notably enable high-emission sectors such as the cement, glass and chemical industries to enhance the environmental sustainability of their operations. Practical trials conducted at a pilot plant at Phoenix Zementwerke in Beckum, Germany, have demonstrated that CO2 emissions in cement production can be reduced by 90%. Trailblazing decarbonization in key industries GEA CEO Stefan Klebert positions the Group as a trailblazer in this field. “‘Engineering for a better world’ signifies our dedication to advancing the sustainable development of key industries with our plants and solutions. With this ambitious approach, we are helping our customers to massively reduce their carbon footprint.” GEA’s carbon capture portfolio integrates proven technologies. These solutions recover waste heat, pretreat gas, capture CO2 and prepare it either for utilization or storage. Practical trials at Phoenix Zementwerke pilot plant With a production capacity of 500,000 tons of cement per year, the Phoenix Zementwerke plant in Beckum emits an estimated 1,000 tons of carbon dioxide every day. Data on carbon emissions in the exhaust air from the plant is now being gathered over several months of testing. Based on this data, GEA will then scale up and refine the system for larger emission volumes. The options available encompass both carbon capture and storage (CCS) as well as carbon capture and utilization (CCU). “We view carbon capture as an exceptionally promising technology,” says Marcel Gustav Krogbeumker, Managing Director of Phoenix Zementwerke. “Leveraging GEA’s decades-long expertise in exhaust gas treatment, I am highly optimistic that, together, we will engineer and implement a solution capable of capturing at least 90 percent of our emissions.” Standardized systems for rapid, cost-efficient entry GEA’s carbon capture portfolio features four plant sizes, with the dimensioning of each dependent upon the waste heat generated in carbon-emitting production processes. Once adapted to the production plant in question, these systems can remove emitted carbon with minimal to zero energy input. The evident need for action and the market’s readiness to invest indicate that carbon dioxide can be turned from a problem pollutant into valuable input for reuse in other industrial processes. “Every customer has distinct opportunities for carbon utilization. This is why it’s crucial to draw up a comprehensive site plan that explores the options for carbon utilization and the requisite infrastructure,” explains Dr. Felix Ortloff, Senior Director GEA Carbon Capture Solutions. “In the long run, this will lead to a new sector of the economy centered around CO2.” Download link to images (expiring in 90 days)
NOTES TO THE EDITORS
Contact Media Relations
About GEA GEA is one of the world's largest suppliers of systems and components to the food, beverage, and pharmaceutical industries. The international technology group, founded in 1881, focuses on machinery and plants, as well as advanced process technology, components, and comprehensive services. With more than 18,000 employees working across five divisions and 62 countries, the group generated revenues of more than EUR 5.1 billion in fiscal year 2022. GEA plants, processes, components, and services enhance the efficiency and sustainability of production processes across the globe. They contribute significantly to the reduction of CO2 emissions, plastic usage, and food waste. In doing so, GEA makes a key contribution toward a sustainable future, in line with the company’s purpose: "Engineering for a better world". GEA is listed in the German MDAX and the STOXX® Europe 600 Index and is also among the companies comprising the More information can be found online at gea.com.
End of Media Release Issuer: GEA Group Aktiengesellschaft Key word(s): Industry
18.09.2023 CET/CEST Dissemination of a Press Release, transmitted by EQS News - a service of EQS Group AG. |
Language: | English |
Company: | GEA Group Aktiengesellschaft |
Peter-Müller-Straße 12 | |
40468 Düsseldorf | |
Germany | |
Phone: | +49 (0)211 9136-0 |
Fax: | +49 (0)211 9136-31087 |
E-mail: | [email protected] |
Internet: | www.gea.com |
ISIN: | DE0006602006 |
WKN: | 660200 |
Indices: | MDAX |
Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Munich; Regulated Unofficial Market in Hanover, Stuttgart, Tradegate Exchange |
EQS News ID: | 1727785 |
End of News | EQS Media |
|
1727785 18.09.2023 CET/CEST
GEA Group AG Stock
Our community is currently high on GEA Group AG with 3 Buy predictions and 0 Sell predictions.
With a target price of 47 € there is a slightly positive potential of 15.65% for GEA Group AG compared to the current price of 40.64 €.