Energy Storage, GHG Emissions, Industrial - October 13, 2022
ExxonMobil to Store Carbon Emissions
ExxonMobil entered into a commercial agreement with CF Industries, a global manufacturer of hydrogen and nitrogen products, to capture and permanently store up to 2 million metric tons of CO2 emissions annually from its manufacturing complex in Louisiana.
The project is scheduled to start in early 2025 and supports Louisiana’s objective of net zero CO2 emissions by 2050.
CF Industries is investing $200 million to build a CO2 dehydration and compression unit at its Donaldsonville, Louisiana facility to enable captured CO2 to be transported and stored.
ExxonMobil will transport and permanently store the captured CO2 in secure geologic storage it owns in Vermilion Parish. As part of the project, ExxonMobil has signed an agreement with EnLink Midstream to use EnLink’s transportation network to deliver CO2 to permanent geologic storage. The 2 million metric tons of emissions captured annually will be equivalent to replacing approximately 700,000 gasoline-powered cars with electric vehicles.
“This landmark project represents large-scale, real-world progress on the journey to decarbonize the global economy,” said Dan Ammann, president of ExxonMobil Low Carbon Solutions, in a statement. “We’re encouraged by the momentum we see building for projects of this kind, thanks to supportive policies such as the Inflation Reduction Act.”