Charlotte-based Honeywell just announced plans to buy out Compressor Controls Corp. (CCC) for $670 million in cash that could revolutionize carbon capture in the oil and gas industry globally. Based in Des Moines, Iowa, CCC specializes in providing turbomachinery control and optimization, particularly in the oil and gas industry, serving sectors such as liquefied natural gas, gas processing, refining, and petrochemicals. The company was founded in 1974 and currently employs around 280 people.
