Making Drilling More Efficient for New Carbon Capture, Usage, and Storage Facilities

Rhea-AI Summary

Rockwell Automation (NYSE:ROK) is collaborating with Italian drilling-rig specialist Drillmec to enhance efficiency and reduce emissions in carbon capture, usage, and storage (CCUS) facilities. Drillmec's innovative storage technologies, powered by Rockwell's PowerFlex® AC drives, enable more precise and targeted drilling for CCUS entry points. This collaboration aims to make the creation of new CCUS facilities faster, easier, safer, and more cost-effective.

The partnership focuses on optimizing drilling workflows to minimize emissions and maximize efficiency. Drillmec's vice president of marketing, Mohamed Housny, emphasized the importance of Rockwell's technology and expertise in achieving the required intelligence, precision, and control for their new drilling technology. This initiative supports Drillmec's goal of developing solutions that leverage their drilling and rig expertise to reduce emissions and meet environmental objectives.

Positive

• Collaboration with Drillmec to enhance efficiency in CCUS facilities
• Potential for lowering emissions in industrial and domestic uses
• Rockwell's PowerFlex® AC drives enable more precise and targeted drilling
• Partnership aims to make CCUS facilities faster, easier, safer, and more cost-effective

Negative

• None.

News Market Reaction

+3.01%

1 alert

+3.01% News Effect

On the day this news was published, ROK gained 3.01%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

NORTHAMPTON, MA / ACCESSWIRE / July 25, 2024 / With help from Rockwell Automation (NYSE:ROK), Italian drilling-rig specialist Drillmec is using data-driven and precision automation for maximum efficiency and minimum emissions.

Drillmec's innovative storage technologies make drilling entry points for new carbon capture, usage, and storage (CCUS) facilities faster, easier, safer, and more cost effective. This initiative underpins Drillmec's drive to develop solutions that draw on its drilling and rig expertise to reduce emissions and achieve environmental goals.

CCUS initiatives involve trapping carbon at the point of emission - for example, in a factory - and then pumping it to a suitable underground storage facility where it is permanently stored, preventing it from being released into the atmosphere.

Drillmec's technology, relying on Rockwell's PowerFlex® AC drives, is able to be more precise and targeted when creating entry points for drilling. This extra efficiency helps to lower the barrier to entry for new CCUS facilities. This not only helps to lower costs it has the potential to significantly lower emissions related to a range of industrial and domestic uses. As well as providing technology, Rockwell has been working closely with Drillmec to optimize the drilling workflow for maximum efficiency and minimum emissions.

"We are excited to be bringing to market this new drilling technology, specifically designed to enable the development of carbon capture and storage sites," said Mohamed Housny, vice president of marketing at Drillmec. "Rockwell Automation technology and expertise has been central to achieving the intelligence, precision and control required for the new technology to be a success. We look forward to continuing to work with Rockwell Automation on this and future projects."

Learn more about Rockwell's solutions for the oil and gas industry.

Italian drilling rig specialist Drillmec uses data-driven intelligence and precision automation for maximum efficiency and minimum emissions.

View additional multimedia and more ESG storytelling from Rockwell Automation on 3blmedia.com.

Contact Info:
Spokesperson: Rockwell Automation
Website: https://www.3blmedia.com/profiles/rockwell-automation
Email: info@3blmedia.com

SOURCE: Rockwell Automation

View the original press release on accesswire.com

FAQ

How is Rockwell Automation (ROK) contributing to carbon capture technology?

Rockwell Automation (ROK) is collaborating with Drillmec to provide PowerFlex® AC drives and expertise for more precise and efficient drilling in carbon capture, usage, and storage (CCUS) facilities. This technology helps make the creation of new CCUS facilities faster, easier, safer, and more cost-effective.

What are the benefits of Drillmec's new drilling technology for CCUS facilities?

Drillmec's new drilling technology, powered by Rockwell Automation's solutions, offers more precise and targeted drilling for CCUS entry points. This increased efficiency helps lower the barrier to entry for new CCUS facilities, potentially reducing costs and emissions related to various industrial and domestic uses.

How does the Rockwell Automation (ROK) and Drillmec partnership aim to reduce emissions?

The partnership between Rockwell Automation (ROK) and Drillmec focuses on optimizing drilling workflows to minimize emissions and maximize efficiency in carbon capture, usage, and storage (CCUS) facilities. Their collaborative efforts aim to develop solutions that leverage drilling and rig expertise to achieve environmental goals and reduce overall emissions.