HOUSTON and GOLDEN, Colo., September 06, 2023—SLB (NYSE: SLB) and TDA Research Inc., a leading research firm, announced today an exclusive agreement to co-develop and scale up TDA’s emerging sorbent technologies for industrial carbon capture applications across the power, cement, steel and petrochemical sectors.
Carbon capture generally represents 50–70% of the total spend of a carbon capture utilization and sequestration (CCUS) project. TDA’s emerging sorbent technologies have the potential to significantly lower carbon capture capital and operating costs by reducing equipment size and footprint, simplifying associated process equipment, and lowering energy requirements.
“The cost of carbon capture represents an impediment to CCUS growth,” said Gavin Rennick, president of SLB’s New Energy business. “Over the coming decades, CCUS must significantly scale up to enable pathways to net zero. Through our collaboration with TDA Research, we will accelerate the development and deployment of sorbent technologies that reduce CO2 capture costs, supporting CCUS growth across industrial sectors.”
SLB will combine its research and development (R&D) and global technology industrialization capabilities with TDA’s R&D expertise to accelerate commercial development of TDA’s sorbent technologies.
“Today, about two-thirds of CO2 emissions originate from industrial and power generation sectors, therefore bringing more cost-efficient carbon capture technologies to the market is key to mitigating rising global emissions,” said Gokhan Alptekin, president of TDA. “We are excited to partner with SLB to bring our portfolio of sorbent capture technologies to market.”
TDA’s emerging sorbent technologies address a broad range of industrial CO2 emissions, from low- and high-concentration point sources to direct air capture. The portfolio of TDA’s sorbents will target a variety of use cases.
SLB (NYSE: SLB) is a global technology company that drives energy innovation for a balanced planet. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com
TDA Research is an R&D company that develops advanced materials (e.g., catalysts, sorbents), chemical processes and devices for energy, health care, aerospace and military applications. Founded in 1987, TDA has annual revenues of $30 million, with a staff of 125, mainly engineers and chemists, 34 of whom have Ph.D. degrees. Find out more at tda.com.
James R. McDonald – Vice President of Investor Relations
Joy V. Domingo – Director of Investor Relations
Tel: +1 (713) 375-3535
Gokhan Alptekin, PhD – President
Tel: +1 (720) 352-7919
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