Published: July 30, 2024 |

[Click image to enlarge]

ExxonMobil has signed its fourth carbon capture and storage (CCS) agreement with a major industrial customer, the latest sign of its growing leadership in this key emissions-reduction technology.

ExxonMobil said they will transport and permanently store up to 500,000 metric tons per year (MTA) of captured CO₂ from CF Industries’ complex in Yazoo City, Mississippi, which makes nitrogen products for agricultural fertilizer and other essential products. The project will enable CF Industries to reduce the site’s CO₂ emissions by up to about 50 percent. Startup is planned for 2028.

With this agreement, the total CO₂ ExxonMobil has agreed to store for customers is up to 5.5 million MTA. That’s equivalent to replacing about 2 million gasoline-powered cars with electric vehicles, which is more than the total EVs sold in the United States in 2023. No other company has announced CCS commitments of this magnitude. 

“We’re serious about expanding carbon capture — a safe, proven solution for hard-to-decarbonize industries,” said Dan Ammann, president of ExxonMobil Low Carbon Solutions.

“Our agreement with CF Industries is the latest example of how we can help industrial customers make significant progress, quickly and economically,” added Ammann.

This is ExxonMobil’s second CCS project with Illinois-based CF Industries, and its first in Mississippi. As former governor Haley Barbour said in a recent op-ed, carbon capture can help support the state’s economic growth, in addition to reducing emissions.

ExxonMobil has more than 30 years’ experience in carbon capture. They own and operate the largest CO₂ pipeline network in the country. The first site to connect into that network will be CF Industries’ site in Donaldsonville, Louisiana. Startup remains on track for 2025.

“We’ve set ambitious goals to reduce our emissions from our operations, and CCS will play a key role in getting us there,” said Tony Will, president and CEO of CF Industries.

“We are really pleased to expand our relationship with ExxonMobil for our second CCS project together as their leading expertise helps accelerate our decarbonization journey,” added Will.

CCS is powerful, versatile solution to reduce CO₂ emissions, particularly for heavy industries, which account for more than a quarter of the world’s energy-related CO₂ emissions. 

CCS also is safe, with both storage sites and pipelines well-regulated and designed to minimize risk. ExxonMobil recently expanded the emergency pipeline safety training course offered for local first responders to include CO₂ pipelines. Those trained at its most recent course included first responders from Yazoo City.

ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society’s evolving needs. The corporation’s primary businesses — upstream, product solutions, and low carbon solutions — provide products that enable modern life, including energy, chemicals, lubricants, and lower emissions technologies. ExxonMobil holds an industry-leading portfolio of resources, and is one of the largest integrated fuels, lubricants, and chemical companies in the world. In 2021, ExxonMobil announced scope 1 and 2 greenhouse gas emission-reduction plans for 2030 for operated assets, compared to 2016 levels. The plans are to achieve a 20-30 percent reduction in corporate-wide greenhouse gas intensity; a 40-50 percent reduction in greenhouse gas intensity of upstream operations; a 70-80 percent reduction in corporate-wide methane intensity; and a 60-70 percent reduction in corporate-wide flaring intensity. With advancements in technology and the support of clear and consistent government policies, ExxonMobil aims to achieve net-zero scope 1 and 2 greenhouse gas emissions from its operated assets by 2050.

Be in-the-know when you’re on-the-go!

CLICK HERE to register your email address.

Copyright © 2024 Mining Connection LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.

For licensing permission, .(JavaScript must be enabled to view this email address)