ExxonMobil has launched ExxonMobil Low Carbon Solutions, which will initially focus on carbon capture and storage.
ExxonMobil has launched ExxonMobil Low Carbon Solutions, which will initially focus on carbon capture and storage.
The new venture will advance plans for more than 20 new carbon capture and storage opportunities around the world. It plans to invest $3 billion on lower emission energy solutions through to 2025.
ExxonMobil has more than 30 years of experience in CCS technology and was the first company to capture more than 120 million tonnes of CO2.
The company claims to have an equity share in about one-fifth of global CO2 capture capacity and to have captured approximately 40% of all the captured anthropogenic CO2 in the world.
The business, which will be led by Joe Blommaert, will seek to develop partnerships and collaborations on a wide range of technologies, including hydrogen, and be responsible for marketing of emission-reduction credits created through the business’s sequestration projects.
New CCS projects under evaluation include the US Gulf Coast, where ExxonMobil is assessing multiple CCS projects from industrial sources for storage in onshore and offshore geologic formations. Included in these projects is a CCS hub concept in southeast Texas.
In Wyoming ExxonMobil has progressed permitting for the expansion of its La Barge CCS facilities, which could enable an additional one million tonnes of CO2 per year to be captured. Existing facilities currently capture approximately 7 million tonnes per year, which is the largest amount of CO2 captured by any industrial facility in the world.
In the Netherlands ExxonMobil has executed a joint development agreement to advance its interest in the Port of Rotterdam CO2 transportation hub and offshore storage project, known as Porthos. The project aims to collect CO2 emissions from industrial sources and transport them by pipeline to depleted North Sea offshore gas fields. Porthos and its potential customers have applied for EU and national support mechanisms. ExxonMobil also participates in the H-Vision study into large-scale production of low-carbon hydrogen in Rotterdam.
In Belgium ExxonMobil is participating in the CCS project at the Port of Antwerp, Europe’s largest integrated energy and chemicals cluster.
Through its joint venture in the SEGAL system in northeast Scotland, ExxonMobil is in discussions to support the Acorn project, which will collect CO2 from the St Fergus gas processing complex for transport and storage in offshore gas reservoirs.
In Singapore ExxonMobil is planning a CCS hub concept to capture, transport and permanently store CO2 generated by industrial activity in the Asia-Pacific region.
In Qatar ExxonMobil is a partner in several joint ventures with Qatar Petroleum that operate a CCS project with an annual capacity of 2.1 million tonnes at Ras Laffan. ExxonMobil is looking at adding additional CCS projects in the region.
New projects will add to ExxonMobil’s carbon capture capacity in the US, Australia and Qatar, which totals about 9 million tonnes per year.
The company is also working with FullCell Energy to advance carbonate fuel cell technology to more efficiently capture CO2 from industrial facilities, and Global Thermostat, a collaboration to advance efforts to capture CO2 directly from the air.
Since 2000, ExxonMobil has spent more than $10 billion to develop and deploy lower-emission energy solutions across its operations. The company works with about 80 universities in the US, Europe and Asia to develop low carbon technologies.
