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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
Marubeni and ExxonMobil’s low-carbon ammonia deal marks major step in unleashing new energy supply
- ExxonMobil will supply approximately 250,000 tonnes of low-carbon ammonia annually on a long-term basis to Marubeni.
- The deal will drive new energy supply, support jobs, and strengthen U.S. and Japanese industrial cooperation.
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Calpine, ExxonMobil sign CO2 transportation and storage agreement for power generation project
- ExxonMobil to transport and store up to 2 million metric tons per year of CO2 from Calpine’s natural gas power generation facility.
- Calpine plans to produce ~500 megawatts of reliable low-carbon electricity, enough to power more than 500,000 homes.
- Project expected to bolster U.S. energy, strengthen industry competitiveness, and create jobs.
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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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ExxonMobil and Shell selected to work with the Government of Singapore on a carbon capture and storage value chain
SINGAPORE – The S-Hub consortium, comprising ExxonMobil Asia Pacific Pte. Ltd. and Shell Singapore Pte. Ltd., is proud to be selected to work with the Government of Singapore as lead developers for a cross-border carbon capture and storage (CCS) project.
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ExxonMobil and Zeeco drive emissions reduction with next-generation ultra-low NOx, 100% hydrogen ready burners
SPRING, TX (February 20, 2024) – ExxonMobil and Zeeco, Inc. today announced a strategic alliance to market the ZEECO® FREE JET® Gen 3™ – next-generation ultra-low NOx, 100% hydrogen ready burner. The new burner can significantly lower emissions for industrial manufacturers as they explore fuel switching from natural gas to hydrogen, which could be supplied from ExxonMobil’s planned Baytown low-carbon hydrogen project.
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ExxonMobil to Build CCS Pilot Plant with FuelCell Energy Using Carbonate Fuel Cell Technology
Esso Nederland BV plans to build a pilot plant at its Rotterdam Manufacturing Complex to test a breakthrough technology that could significantly reduce CO2 emissions from key industries.
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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.
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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.
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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.
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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.
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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.
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Hydrogen Council adds four new members from diverse industries and geographies
BRUSSELS, May 25, 2023 – The Hydrogen Council‘s membership is continuing to grow across diverse industries and geographies with the CEO-led initiative today announcing the addition of four new leading companies to its ranks.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.