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News and announcements
Stay informed about the latest low-carbon developments for heavy industry, including the newest technologies, innovative strategies and key collaborations.
The latest in Low Carbon Solutions
LG Chem and ExxonMobil sign MOU for lithium offtake
- Offtake agreement for up to 100,000 tons of lithium carbonate.
- Aims to strengthen the U.S. critical mineral supply chain.
- Contributes to domestic energy security, manufacturing, jobs and emission reduction.
- Lithium production contingent on supportive regulatory frameworks, among other factors.
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ExxonMobil secures largest CO2 offshore storage site in the U.S.
- ExxonMobil has secured access to over 271,000-acres in Texas state waters; ideal for CO2 storage
- Agreement will directly benefit the Texas Permanent School Fund
- Latest example of ExxonMobil’s leadership in building a carbon capture industry in the U.S.
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Mitsubishi Corporation and ExxonMobil sign Project Framework Agreement to advance world’s largest low-carbon hydrogen project
[Spring, Texas and Tokyo, Japan] - Mitsubishi Corporation and Exxon Mobil Corporation (NYSE: XOM) have signed a Project Framework Agreement for Mitsubishi Corporation’s participation in ExxonMobil’s facility in Baytown, Texas which is expected to produce virtually carbon-free hydrogen with approximately 98% of carbon dioxide (CO2) removed and low-carbon ammonia. Under the terms of the agreement, the companies will advance discussions regarding Mitsubishi Corporation’s offtake of low-carbon ammonia and equity participation in the project. The ammonia is expected to be used in Japan for power generation, process heating, and other industrial activities.
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Khaled bin Mohamed bin Zayed witnesses signing ceremony for ADNOC and ExxonMobil partnering in world’s largest low-carbon hydrogen facility
- ADNOC to acquire a 35% equity stake in Baytown, Texas, project that will produce virtually carbon-free hydrogen.
- The strategic investment will support both companies’ net zero ambitions, accelerate decarbonization of hard-to-abate sectors, and meet rising demand for low-carbon hydrogen and ammonia.
- Facility expects to convert US-produced natural gas into virtually carbon-free hydrogen, with ~98% of CO2 removed, advancing US competitiveness and supporting US jobs.
News and announcements
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ExxonMobil signs carbon capture agreement with CF Industries in Mississippi
- We’ll remove up to 500,000 metric tons of CO2 annually from CF Industries’ site in Yazoo City.
- It’s the latest sign of our leadership in CCS, a proven emissions solution.
- Our total CCS customer commitments are now up to 5.5 MTA.
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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.