ExxonMobil forms specialist carbon capture business

Feb. 2, 2021
ExxonMobil has established a new business to commercialize its low-carbon technology portfolio.

Offshore staff

IRVING, Texas – ExxonMobil has established a new business to commercialize its low-carbon technology portfolio.

Initially, ExxonMobil Low Carbon Solutions will focus on carbon capture and storage.

The new operation is currently working on opportunities for more than 20 new carbon capture and storage (CCS) projects worldwide that could deliver large-scale emission reductions, as ExxonMobil contemplates spending $3 billion on lower emission energy solutions through 2025.

Joe Blommaert will lead the new business and has been elected a vice president of Exxon Mobil Corp.

Projects/partnerships under review include:

  • US Gulf Coast – Various CCS schemes with the potential to collect millions of tonnes of CO2 from industrial sources for storage in offshore and onshore geologic formations, including a CCS hub concept in southeast Texas. 
  • Netherlands – ExxonMobil has signed a joint development agreement concerning the Port of Rotterdam CO2 Transportation Hub and Offshore Storage project (Porthos). The goal is to collect CO2 emissions from industrial sources and transport them via pipeline to depleted North Sea offshore gas fields. ExxonMobil is also participating in the H-Vision study into large-scale production of low-carbon hydrogen in Rotterdam.
  • Scotland – Through its joint venture in the SEGAL system in northeast Scotland, the company is in talks on supporting the Acorn project, which will gather CO2 from the St. Fergus gas processing complex near Aberdeen for transport and storage in offshore gas reservoirs. 

The company’s current carbon capture capacity in the US, Australia, and Qatar totals around 9 MM metric tons/yr.

To support the company’s drive to reduce costs and enhance scalability, it is collaborating with FuelCell Energy on carbonate fuel cell technology that could more efficiently capture CO2 from industrial facilities, and with Global Thermostat on ways of capturing CO2 directly from the air.