ExxonMobil has created a new business, ExxonMobil Low Carbon Solutions, to commercialize its low-carbon technology portfolio. The new business will initially focus on carbon capture and storage and hydrogen.
ExxonMobil Low Carbon Solutions is advancing plans for more than 20 new carbon capture and storage opportunities and plans to invest $3 billion on lower emission energy solutions through 2025.
New CCS projects and partnerships under evaluation include:
- US Gulf Coast – ExxonMobil is assessing multiple that have the potential to collect millions of tonnes of CO2 from industrial sources for storage in onshore and offshore geologic formations. Included in these projects is a CCS hub concept in Southeast Texas.
- Wyoming, USA – ExxonMobil has progressed permitting for the expansion of its La Barge CCS facilities, which could enable an additional 1 million tonnes/year (tpy) of CO2 to be captured. Existing facilities currently capture 7 million tpy, largest amount of CO2 captured by any industrial facility in the world.
- Netherlands – ExxonMobil has executed a joint development agreement to advance its interest in the Port of Rotterdam CO2 Transportation Hub and Offshore Storage project (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.
- Belgium – ExxonMobil is participating in the multi-stakeholder CCS project at the Port of Antwerp, Europe’s largest integrated energy and chemicals cluster. The project, which would collect CO2 emissions from industrial sources for storage, recently applied for support from the European Union.
- Scotland – Through its joint venture in the SEGAL system in Northeast Scotland, ExxonMobil is progressing 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.
- Singapore – ExxonMobil is planning a CCS hub concept to capture, transport, and permanently store CO2 generated by industrial activity in the Asia-Pacific region. The project concept is based on a plan to capture CO2 emissions from Singapore manufacturing facilities for storage in the region.
- Qatar - ExxonMobil is a partner in several existing joint ventures with Qatar Petroleum that operate a CCS project with an annual capacity of 2.1 million tonnes at Ras Laffan. ExxonMobil is evaluating opportunities to add additional capture capacity in the region.
The new projects will complement ExxonMobil’s current carbon capture capacity in the US, Australia, and Qatar, which totals about 9 million tpy.
Other technology focus areas in ExxonMobil’s low carbon portfolio will be added in the future as they mature to commercialization.
