We use cookies
To help provide you with a good experience on our website. By continuing to browse the website, you are agreeing to our use of cookies.

Coolbrook, ABB partner to accelerate decarbonization

GO NET ZERO ENERGY

Coolbrook, ABB partner to accelerate decarbonization

ABB and Coolbrook agreed Oct. 27 to accelerate the development, industrialization, commercialization and adoption of CoolBrook’s patented RotoDynamic technology to electrify and decarbonize hard-to-abate sectors such as petrochemicals and chemicals, cement and steel. RotoDynamic replaces the burning of fossil fuel with renewable electricity as the energy source. The new agreement expands ABB and Coolbrook’s existing partnership, launched in January 2022. - ControlGlobal

The two companies report that decarbonizing heavy industries is essential to achieving net-zero emissions by 2050. They cite the International Energy Agency (IEA), which reports that chemicals, cement and steel production collectively account for 70% of industrial CO2 emissions, equal to approximately six billion tons annually. As a result, ABB will provide its automation, electrification and digitalization expertise, as well as integrate its electric motors and variable speed drives, to further enhance Coolbrook’s technology by optimizing energy efficiency and operational processes. ABB’s investment will also enable quicker technology readiness and increase corporate capacity to achieve the joint goal of industrial scale up.

We believe RotoDynamic can help cut up to 2.4 billion metric tons of carbon emissions annually (coolbrook.com/the-pilot) and is one of the major inventions of our time. Together with ABB we can speed up the development of this groundbreaking technology to help reduce carbon dioxide emissions from energy-intensive processes and bring about the beginning of a clean new industrial era. ABB’s global footprint and technology leadership will be key to accelerating market adoption.

Ilpo Kuokkanen, executive chair at Coolbrook

Earlier this year the two companies collaborated in the petrochemicals market to accelerate the adoption of Coolbrook’s RotoDynamic Reactors (RDR) technology to reduce greenhouse gas emissions in steam cracking plants. Together they created a combined offering to reduce energy consumption by 30% and improve yield by 20% in ethylene production. Across cement and steel, Coolbrook’s RotoDynamic Heaters (RDH) technology has potential to replace the burning of fossil fuels with high temperature electric heating to reduce carbon dioxide emissions and increase process efficiency.

The electrification of heavy industry with Coolbrook technology will have a significant impact on our global decarbonization goals. This new agreement with Coolbrook supports our sustainability strategy and commitment to helping our customers reduce their annual CO2 emissions by 100 megatons by 2030.

Colin Ward, senior VP for chemicals and refining at ABB Energy Industries

Both RDR and RDH have received significant attention from leading players in chemicals, cement and steel industries, and Coolbrook has already started cooperation with major industry actors including Shell, CEMEX, Ultratech and ArcelorMittal. According to a study conducted by KPMG, RotoDynamic technology has an estimated gross market potential of approximately 400 billion euros and is expected to become the industry standard in industrial electrification.

Relevant news

HYDROGEN PRODUCTION IN CENTRAL ASIA & CASPIAN REGION
SOCAR and JBIC sign a Memorandum of Understanding on the promotion of cooperation in the field of decarbonization
In Uzbekistan, was signed Memorandum of Understanding between SOCAR and Japan Bank for International Cooperation.
DOWNSTREAM CENTRAL ASIA AND CASPIAN
SOCAR and JBIC sign a Memorandum of Understanding on the promotion of cooperation in the field of decarbonization
In Uzbekistan, was signed Memorandum of Understanding between SOCAR and Japan Bank for International Cooperation.
DOWNSTREAM CENTRAL ASIA AND CASPIAN
New ADB atrategy for Kazakhstan to support decarbonization, inclusive growth
The Asian Development Bank has launched a new 5-year country partnership strategy for Kazakhstan.
GO NET ZERO ENERGY
OGCI details its decarbonization investment strategies
OGCI Climate Investments, discussed the role of investment capital in catalyzing decarbonization across various industries.
GO DIGITAL ENERGY
Schneider Electric and Avarni partner to expand AI-enabled scope 3 decarbonization solutions
Schneider Electric and Avarni, announced a new collaboration to accelerate decarbonization across the value chain.
GO NET ZERO ENERGY
Eni, Sonatrach sign strategic agreements for decarbonization, energy security
Sonatrach signed two agreements with Eni of joint projects covering energy security, energy transition and decarbonization.