Honeywell and Samsung E&A partnering to reduce power plant emissions

Honeywell (HON) announced a collaborative endeavor with Samsung (SSNLF) E&A to jointly market solutions aimed at the hard-to-abate power plant sector globally. The initiative seeks to reduce carbon emissions and contribute to the fight against climate change. It also supports Honeywell’s alignment of its portfolio to three powerful megatrends, including the energy transition. Samsung E&A, a total solutions provider for the global energy industry, will leverage Honeywell’s carbon capture technologies to help power plants reduce carbon emissions and meet environmental goals. Together, the companies will offer customers access to a carbon capture solution by jointly marketing Honeywell’s solvent carbon capture technology.