The Honeywell and EnLink relationship will focus on the
With more than 50 years of experience in gas processing, Honeywell has extensive experience with proven carbon capture and hydrogen technologies. Honeywell's new advanced solvent CO2 capture and hydrogen solutions allow for CO2 to be captured, transported, and stored at a lower cost through greater efficiency, while allowing for smaller equipment and lower capital operational expenses needed to run the plant compared to existing technologies1.
'EnLink has existing pipeline infrastructure and decades of experience operating these assets in the
'Collectively, as an industry we need to act,' said
Honeywell is committed to achieving carbon neutrality in its operations and facilities by 2035. The company recently strengthened that pledge to include a commitment to develop a science-based target with the Science Based Targets initiative (SBTi) that includes scope 3 emissions, and announced its participation in the
To help meet its sustainability goals, Honeywell plans to conduct a feasibility study to retrofit its existing assets at its facilities in
For more information on Honeywell hydrogen and carbon capture solutions, please visit https://pmt.honeywell.com/us/en/solutions/sustainability/carbon-capture.
For more information about Honeywell's sustainability initiatives, visit our Website.
Honeywell (www.honeywell.com) is a Fortune 100 technology company that delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help everything from aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.
This release contains certain statements that may be deemed 'forward-looking statements' within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this presentation are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, technological, and COVID-19 public health factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, and other developments, including the potential impact of the COVID-19 pandemic, and business decisions may differ from those envisaged by such forward-looking statements. Any forward-looking plans described herein are not final and may be modified or abandoned at any time. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the
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