Honeywell (Nasdaq: HON) announced today a collaborative endeavor with SAMSUNG 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 industry-leading carbon capture technologies to help power plants reduce carbon emissions and meet environmental goals. “As two carbon capture leaders, our collaboration highlights the importance of cooperative approaches in reducing greenhouse gas emissions,” said Hong Namkoong, president and CEO of SAMSUNG E&A. “Deploying Honeywell’s carbon capture technologies allows SAMSUNG E&A to offer viable, more sustainable solutions for global clients during this energy transition.”

Carbon capture, utilization, and storage (CCUS) can significantly reduce carbon dioxide (CO₂) emissions, acting as a crucial stopgap during the expected transition from fossil fuels to lower carbon energy sources. These technologies help to mitigate the environmental impact of various industries responsible for greenhouse gas emissions.

“Honeywell has long been a global leader in carbon capture technologies and our collaboration with SAMSUNG E&A only further highlights our commitment to reducing emissions and tackling climate challenges,” said Ken West, president and CEO of Honeywell Energy and Sustainability Solutions. “With decades of experience and a broad portfolio of carbon capture solutions, we are ready to help businesses meet growing carbon mitigation expectations and increasingly stringent environment goals by abating emissions from existing sources.”

Honeywell’s CCUS technologies have been developed and deployed in numerous applications globally. Between 2023 and 2030, Honeywell estimates that the company’s CCUS technologies will have a cumulative impact of mitigating 320 million metric tons of CO₂e.^[

In a significant operation, the Navi Mumbai Police have arrested five Bangladeshi nationals for allegedly residing illegally in the city, officials said on Sunday. Acting on a tip-off, the Anti-Human Trafficking Cell conducted a raid at a residential building in the Koparkhairne area on Saturday. The operation led to the apprehension of four women and one man.

During interrogation, it was revealed that the individuals had entered India using forged documents, according to an official from the Koparkhairne police station. The women, aged between 34 and 45, were employed as housekeepers, while the 38-year-old man worked as a painter, the official added.

A First Information Report (FIR) has been filed against the group under various sections of the Bharatiya Nyaya Sanhita for cheating and forgery, as well as provisions under the Passport (Entry into India) Rules, 1950, and the Foreigners Act, 1946.

Mr. Popli has more than 40 years of rich professional experience in India. He is a Founder Director of Clime Finance Pvt. Ltd. Prior to that he has served as an Advisor with the International Solar Alliance for two years and was Chairman & Managing Director of Indian Renewable Energy Development Agency Limited (IREDA), a leading developmental finance institution in India focusing on renewable energy and energy efficiency projects, from 2014-2019. His leadership resulted in strategic tie-ups with international financial institutions; successful credit enhancement; negotiation of several lines of credit from KfW, AfD, Nordic Investment Bank, World Bank; increase in loan sanctions; new and innovative financial products / schemes etc.

Enhancing IREDA’s credibility and impact in the industry. He has also served as a Director (Technical) in IREDA from 2007-2014. He has also been associated with esteemed organisations like Power Finance Corporation (PFC), National Hydroelectric Power Corporation (NHPC)”We are pleased to welcome Mr. Kuljit Singh Popli and Mr. Ali Imran Naqvi to the Gensol board,” said Mr. Anmol Jaggi, Managing Directors, Gensol Engineering Ltd. “Gensol’s illustrious track record in renewable energy, diversification & strategic shift in electric mobility solutions and expansion plans demands an experienced board. I am delighted that the board has diversified profiles, extensive knowledge and leadership experience that will add tremendous value to the organization, and I am incredibly excited about the path ahead.”