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.
Under terms of an agreement announced April 4, we’ll transport and permanently store up to 2.2 million metric tons of carbon dioxide a year (MTA) from Linde’s new hydrogen plant in Beaumont, scheduled to start in 2025. That plant will supply clean hydrogen and nitrogen to a world-scale blue ammonia plant being built by OCI Global.
The agreement with Linde is our largest commercial carbon dioxide offtake agreement to date, equivalent to the emissions from nearly half a million gasoline-powered cars*.
It’s also the latest expansion of our carbon capture and storage activity in the Gulf Coast. Our low-carbon hydrogen project in Baytown, Texas, will capture more than 7 MTA; our carbon capture and storage project in Louisiana will store up to 2 MTA for CF Industries, a leading maker of agricultural fertilizer, who is the foundational customer for that project.
* per U.S. EPA GHG equivalencies calculator