Delta CleanTech (CSE: DELT) (OTC: DCTIF) (FRA: 66C) announced that it has signed a CO2 capture modeling and cost analysis deal with Aspen Technology (AspenTech). Delta and AspenTech will work on carbon capture design and costs using the Delta PDOEngine® & AspenHysys.
With over 40 years of innovation, Aspen Technology is the largest engineering software company globally, with over 30 locations worldwide. AspenTech has selected Delta for its expertise in CO2 modelling and existing data sets.
Canada’s CO2 capture industry, among other sectors, is making great strides to reach net-zero emissions by 2050, including new regulations, joint ventures within the industry, and pricing on greenhouse gas emissions. The CO2 capture industry is highly focused on developing various ways to draw down CO2 that is emitted into the atmosphere.
Commenting on the AspenTech agreement, Delta CleanTech President Jeff Allison stated:
“AspenTech is regarded as a leader in process design engineering and simulation with over 40 years of experience. Delta is pleased to be participating in this new collaboration. Delta has a specific vision of what’s ahead in 2022, as well as the coming years, and by forging new partnerships and projects with organizations such as AspenTech, Delta is sure to contribute to the advancement of those efforts in reaching net-zero emissions.”
Dr. Walid ElMoudir, Delta’s Process Engineering Manager, added:
“We are pleased that our data and work have been recognized and utilized by AspenTech Inc. This demonstrates the trust that AspenTech has in our work and our expertise as a CO2 capture leader and technology provider.”
Delta CleanTech Inc. is a 15-year ESG-driven, recognized global technology leader in CO2 Capture, Decarbonization of Energy, Solvent & Glycol Reclamation, Blue Hydrogen Production, and Carbon Credit Aggregation and Management. Delta continues to provide solutions to clients worldwide in sequestering, capturing and reducing CO2, and through its Carbon Rx wholly-owned subsidiary is originating, validating, tokenizing, and streaming Carbon Credits.
Shares of DELT stock last traded at $0.30 per share.
Delta CleanTech Inc. is a paid client of Wealthy VC.
This report/release/profile is a commercial advertisement and is for general information purposes only. We are engaged in the business of marketing and advertising companies for monetary compensation unless otherwise stated below.