Sustainability Webinar 12-01-2020
Sustainability Webinar 12-01-2020
Sustainability Webinar 12-01-2020
▪ Chemical Companies:
– NetZero Carbon by 2050: Dow 2040: LANXESS
– Keep Carbon neutral from 2018 to 2030: BASF
– 15% reduction by 2030: LyondellBasell 50% by 2025: Evonik
▪ Industry Financiers:
– JP Morgan net zero carbon in 2020 and establishes Center
for Carbon Transition (CCT)
© 2020 Aspen Technology, Inc. All rights reserved. 4
Globally, external forces are driving prioritization of sustainability
… JPMorgan Chase, largest commercial funder of energy Capital, is driving companies to demonstrate concrete
commitments towards sustainability and progress on metrics …
Source: JPMorgan Chase, Oct 6, 2020
▪ Energy efficiency ▪ Carbon capture, ▪ Vapor recovery ▪ Crude marine ▪ Energy efficiency ▪ Renewable ▪ Vapor recovery
use, and storage units transport hydrogen
▪ Electrification ▪ Change fuel or ▪ Leak detection
▪ No flaring ▪ Leak detection ▪ Crude pipeline feedstock ▪ Reforming and repair
▪ Carbon capture, and repair transport with CCUS
use, and storage ▪ Electrification ▪ Resolve leaks
▪ Bio-based
▪ Carbon capture, hydrogen
use and storage
▪ Change feedstock
Source: McKinsey The Future is Now: How Oil & Gas Companies can Decarbonize, Jan 2020
Long-term Goals:
Resource Efficiencies Circular Economy ▪ Net Zero Emissions
Reduce usage of Waste reduction, recycling, ▪ Design out Pollution
resources such as energy, renewable feedstocks,
water or feedstock innovation
Long-term Goals:
Resource Efficiencies Circular Economy
Reduce usage of Waste reduction, recycling,
▪ Net Zero Emissions
resources such as energy, renewable feedstocks, ▪ Design out Waste & Pollution
water or feedstock innovation
Energy Transition
& Decarbonization
Renewable and alternative Resource Efficiencies
energy sources, biofuels
Challenge
Energy inefficiency is creating
excess carbon load (up to 25%);
Growing global water shortage
Opportunity
Reduce Improve energy, utility and supply
Emissions & Waste chain effectiveness, efficiency and
sources in current operations
Value
Save 10-15% energy use & cost,
reduce 20% carbon load
Cost of
CO2
Abatement
Strategies
CHALLENGES
Optimize energy consumption:
reduce process demand &
optimize utility system Consider demand & supply
Energy-capital-capacity
tradeoffs
Benefits
▪ Identify targets to achieve maximum
energy recovery
Benefits
Benefits
▪ Monitor and optimize energy
demand and supply
100%
Challenge
Reduce carbon footprint and
emissions over process life-cycle to
achieve long-term carbon neutrality
Opportunity
Reduce Renewable energy sources,
Emissions & Waste green/blue hydrogen and biofuels;
CO2 capture, utilization and storage
Value
At least 20-50% less footprint, >90%
less carbon taxes through CCUS
Achieve Dramatic Reduction in CO2 load via Optimum Carbon Capture System
Benefits
▪ Optimize Carbon Capture Separation
– Accurate Rate-based Distillation
– Interactive Distillation Analysis
Integrated Economic Analysis
▪ Improve energy use and process
economics
▪ Proven track record - multiple projects Interactive Distillation Analysis Rate Based Distillation Modeling
Benefits
▪ Integrate bio-based process units into refining and
chemical production flows:
– Reduce carbon-footprint
– Re-cycling of plastics and wastes with
pyrolysis
Biofuels Innovation & Commercialization Electrolysis Process for Hydrogen
▪ Improve energy use and economics of processes;
accelerate commercialization
▪ Hybrid Models capture innovative processes Bio Refining and Chemicals Commercially Viable Algae to biofuels
© 2020 Aspen Technology, Inc. All rights reserved. 33
Sustainability in Capital Intensive Industries: Circular Economy
Energy Transition
& Decarbonization
Renewable/alternative Circular Economy
energy sources, biofuels
Challenge
Reduce waste and extend material
use to reduce environmental impact
Opportunity
Design out waste, pollution and
Reduce optimize recovery of energy and
Emissions & Waste material from waste
Value
Reduce waste, material and
transportation carbon footprint 20%,
up to 20% saved life cycle energy1
$1.5Bn Innovation
Investment
To develop circular economy solutions
(Alliance to End Plastic Waste)
Accelerate development of new Evaluate technical and economic Size & rate key equipment. Guide operating decisions. Troubleshoot quality issues.
products and new grades feasibility Verify safety & controllability Minimize energy costs Debottleneck
70% Reduction 25% Faster estimates Saved $1 Million CAPEX, 7-10% Increase Reduced cycle time 25%
in experiments On time, under budget $300k development costs in production
Using Aspen Polymers Using ACCE to analyze Using Aspen Polymers Using On-Line With Aspen Polymers
to optimize recipe costs of a $20 billion to de-bottleneck Digital Twin & Aspen Plus Dynamics
for new polymer product polymer mega-project an HDPE plant for LDPE production for a specialty polymer
2% production increase
Rapid Evaluation of $135k Annual savings
Technical Feasibility 20% less variability in MFI
European Polymer
Producer
Using Aspen Plus and Using Aspen Plus to
Aspen Polymers to design Using online Aspen Polymers
optimize batch recipe for
PET recycling processes model with Aspen Non-Linear
autoclave polyethylene
Model Predictive Control
Benefits
▪ Design recovery processes to convert
Pyrolysis
polymer into fuel Gas
Wojtwicz and Serio, “Pyrolysis of waste tires: A modeling and parameter estimation study using Aspen Plus ®“,
Waste Management V 60, February 2017, Pages 482-493
Energy Transition
& Decarbonization
Renewable/alternative
energy sources, biofuels
• Predicting unmeasured
values, E.g. Nox, Sox
• New process technologies
Reduce • Sustained Digital Twins
Emissions & Waste
• Data-driven Models &
Optimization
• Accelerate New Process
Technology Development
Resource Efficiencies Circular Economy
Reduce usage of Waste reduction, recycling,
resources such as energy, renewable feedstocks,
water or feedstock innovation
Hybrid Model
Pure First-
Leverage domain knowledge to combine first principles with Pure Machine-
Principles
AI/ML to capture the benefits, while overcoming the Learning Model
Model
challenges, of traditional models
Energy Transition:
https://www.aspentech.com/en/resources/blog/which-technologies-will-help-
determine-the-winners-in-the-energy-transition
Circular Economy:
https://www.aspentech.com/en/resources/white-papers/improve-sustainability-and-
increase-profits-in-polymers-with-digitalization
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