Carbon capture and storage
Capturing, transporting and storing carbon
Proven technologies like carbon capture and storage are critical to help meet society’s lower-emission goals.
The United Nations Intergovernmental Panel on Climate Change and the International Energy Agency agree that carbon capture and storage is one of the most cost-effective ways to decarbonize emission-intensive sectors, including chemicals and refining, cement production, and the iron and steel industries. Additionally, carbon capture and storage is recognized as one of the few technologies that can enable negative carbon dioxide emissions when combined with bio-energy or direct air capture. According to the Center for Climate and Energy Solutions, carbon capture and storage can capture more than 90% of emissions from power plants and industrial facilities.1
At ExxonMobil Low Carbon Solutions, we are, and will continue to play, an important role in bringing carbon capture and storage technology to scale, because of our depth and breadth of experience. We understand the subsurface. We know how to build large projects, and we know how to operate them safely and efficiently.
Customer benefits from the Denbury acquisition
- Rapid deployment
- Existing pipeline infrastructure allows greater speed to market
- Combined experience with permitting process creates streamlined approach to project development
- Over 15 high-quality permanent storage space locations throughout the region
- Accessible infrastructure near emission sources
- U.S. Gulf Coast has concentration of emitters, proximity to feedstocks and access to permanent carbon storage
- Integration enabled by 925 miles of pipelines in Louisiana, Texas and Mississippi near emitters
- 240 MTA of CO2 emissions within 30 miles of existing U.S. Gulf Coast system
- Superior network reliability and capacity
- Extensive network provides customer flexibility across the value chain
- Redundancy across Green pipeline with 99.9% offtake reliability over past 10 years.
- Denbury safely injected over 70MPTA of CO2 into subsurface last year
- Equity in ~17% of global capture capacity1 with decades of capture experience
Carbon capture – see how it works.
Potential carbon capture and storage locations are carefully selected to ensure carbon dioxide remains safely and securely underground
ExxonMobil is an integrated solution provider, and the collaboration with Mitsubishi Heavy Industries (MHI) enables comprehensive end-to-end solutions for post-combustion CO2 capture.
This integrated solution will provide one of the only complete carbon capture, transportation and storage solutions on the market.
ExxonMobil leverages proven technologies to optimize the design, development and execution of full carbon capture and storage solutions across the value chain. By properly managing risks for the long term, ExxonMobil-MHI integrated solutions can deliver tailored benefits, from license-only or transportation and storage interests through to turn-key project solutions.
- Decarbonization assessments and project proposals that meet techno-economic goals
- Custom, scalable solutions that address complex project needs
- Flexible asset funding, construction, ownership and operatorship options
ExxonMobil’s Low Carbon Solutions team can help you build a holistic emissions-reduction program that includes carbon capture and storage.
Pecan Island and carbon capture and storage
Collaborations for large-scale solutions.
ExxonMobil recently signed an agreement with a leading global hydrogen manufacturer, CF Industries, to transport and store up to 2 million metric tons of carbon dioxide annually to safe geologic storage ExxonMobil owns in Vermilion Parish, Louisiana. We have also signed an agreement with midstream pipeline network company EnLink Midstream to help move the carbon dioxide from CF Industries’ facility in Donaldsonville to the storage location.
Success with CARBON CAPTURE AND STORAGE
A proven record of success.
The LaBarge facility in Wyoming opened in the 1980s and has continued to evolve to meet the world’s changing energy needs.
In addition to producing natural gas that can power homes and businesses, and helium critical for a variety of end uses, LaBarge has captured more carbon dioxide than anywhere else in the world to date. ExxonMobil has more than 30 years of experience capturing and storing carbon dioxide, including the design, construction and safe operation of facilities around the world.
The carbon capture and storage operation at LaBarge is expanding to capture up to 1.2 million metric tons of carbon dioxide in addition to the 6-7 million metric tons currently captured annually.