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Stay informed about the latest low-carbon developments, including the newest technologies, innovative strategies and key collaborations.

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The latest in Low Carbon Solutions

ExxonMobil drilling first lithium well in Arkansas, aims to be a leading supplier for electric vehicles by 2030 SPRING, Texas – Exxon Mobil Corporation (NYSE: XOM) today announced plans to become a leading producer of lithium, a key component of electric vehicle (EV) batteries. Work has begun for the company’s first phase of North America lithium production in southwest Arkansas, an area known to hold significant lithium deposits. The product offer will be branded as Mobil Lithium, building on the rich history of deep technical partnership between Mobil and the automotive industry.

ExxonMobil completes acquisition of Denbury SPRING, Texas – Exxon Mobil Corporation (NYSE: XOM) today announced it has closed its acquisition of Denbury Inc. (NYSE: DEN) in an all-stock transaction valued at $4.9 billion, or $89.45 per share, based on ExxonMobil’s closing price on July 12, 2023. Under the terms of the agreement, Denbury shareholders will receive 0.84 shares of ExxonMobil for each Denbury share.

A big day in the UK for carbon capture and storage ExxonMobil’s latest milestone in carbon capture and storage (CCS) comes from the UK North Sea, where we were a winner in the UK’s first-ever carbon storage licensing round.

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ExxonMobil announces acquisition of Denbury SPRING, Texas – Exxon Mobil Corporation (NYSE: XOM) today announced it has entered into a definitive agreement to acquire Denbury Inc. (NYSE: DEN), an experienced developer of carbon capture, utilization and storage (CCS) solutions and enhanced oil recovery. The acquisition is an all-stock transaction valued at $4.9 billion, or $89.45 per share based on ExxonMobil’s closing price on July 12, 2023. Under the terms of the agreement, Denbury shareholders will receive 0.84 shares of ExxonMobil for each Denbury share.

Scaling up carbon capture and community investments in Louisiana Our contributions to the University of Louisiana at Lafayette – a total $600,000 to fund scholarships for local high school students and outreach on key energy topics – are the latest examples of ExxonMobil’s efforts to support the progress of the communities in which we work. 

ExxonMobil signs carbon capture agreement with Nucor Corporation, reaching 5 MTA milestone ExxonMobil Low Carbon Solutions’ newest carbon capture and storage agreement – with Nucor Corporation, one of North America’s largest steel producers – demonstrates our continued momentum in helping industrial customers reduce emissions.

ExxonMobil signs its largest CO2 offtake agreement with Linde Linde, a leading maker of industrial gases, will be the foundational customer for an ExxonMobil carbon capture and storage network in the Port Arthur/Beaumont area in Texas.

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ExxonMobil awards FEED for world's largest low-carbon hydrogen facility IRVING, Texas – ExxonMobil announced the next step in the development of the world’s largest low-carbon hydrogen production facility with a contract award for front-end engineering and design (FEED). A final investment decision for the project is expected by 2024, subject to stakeholder support, regulatory permitting, and market conditions.

ExxonMobil appoints Dan Ammann president of Low Carbon Solutions; Joe Blommaert to retire IRVING, Texas – ExxonMobil said today that Dan Ammann, former General Motors president and CEO of Cruise autonomous vehicle company, has been appointed president of ExxonMobil Low Carbon Solutions, effective May 1. Ammann replaces Joe Blommaert, who has elected to retire after 35 years of service.

ExxonMobil planning hydrogen production, carbon capture and storage at Baytown complex IRVING, Texas – ExxonMobil said today it is planning a hydrogen production plant and one of the world’s largest carbon capture and storage projects at its integrated refining and petrochemical site at Baytown, Texas, supporting efforts to reduce emissions from company operations and local industry.

ExxonMobil to expand carbon capture and storage at LaBarge, Wyoming, facility IRVING, Texas – ExxonMobil has made a final investment decision to expand carbon capture and storage at its LaBarge, Wyoming, facility, which has captured more CO2 than any other facility in the world to date. The expansion project will capture up to 1.2 million metric tons of CO2, in addition to the 6-7 million metric tons captured at LaBarge each year.  

Why we're investing $15 billion in a lower-carbon future At ExxonMobil, we develop and deploy solutions that meet society’s needs. Today, that means taking a leading role in providing the products that enable modern life, reducing carbon emissions and developing needed technologies to advance a lower-carbon emissions future.

ExxonMobil Low Carbon Solutions to commercialize emission-reduction technology IRVING, Texas – ExxonMobil said today it has created a new business to commercialize its extensive low-carbon technology portfolio. The new business, ExxonMobil Low Carbon Solutions, will initially focus on carbon capture and storage, one of the critical technologies required to achieve net zero emissions and the climate goals outlined in the Paris Agreement.

Landmark emissions-reduction project in Louisiana announced; CF Industries, ExxonMobil, EnLink Midstream to collaborate IRVING, Texas – CF Industries, a leading global manufacturer of hydrogen and nitrogen products, has entered into the largest-of-its-kind commercial agreement with ExxonMobil to capture and permanently store up to 2 million metric tons of CO2 emissions annually from its manufacturing complex in Louisiana. Start-up for the project is scheduled for early 2025 and supports Louisiana’s objective of net zero CO2 emissions by 2050.

ExxonMobil, Mitsubishi Heavy Industries form carbon capture technology alliance IRVING, Texas – ExxonMobil and Mitsubishi Heavy Industries (MHI) have joined forces to deploy MHI’s leading CO2 capture technology as part of ExxonMobil’s end-to-end carbon capture and storage (CCS) solution for industrial customers.

ExxonMobil Low Carbon Solutions press packet

Read our press packet and learn about the collaborative work we are doing in the low-carbon solutions space.
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