ExxonMobil launches Low Carbon Solutions business
Major aims to commercialise emission-reduction technology, with an initial focus on extending its involvement in CCS
ExxonMobil is to launch a new business to commercialise and deploy low-carbon technology with an initial focus on advancing plans for more than 20 new carbon capture and storage (CCS) projects, it announced yesterday. ExxonMobil Low Carbon Solutions will focus on CCS facilities—which are widely seen as being critical to hitting Paris Agreement targets—to enable large-scale emission reductions around the world. The major plans to invest $3bn on lower-emission energy solutions in the next five years. “With our demonstrated leadership in carbon capture and emissions reduction technologies, ExxonMobil is committed to meeting the demand for affordable energy while reducing emissions and managing
Also in this section
25 February 2026
Low-carbon hydrogen and ammonia development is advancing much more slowly and unevenly than once expected, with high costs and policy uncertainty thinning investment. Meanwhile, surging energy demand is reinforcing the role of natural gas and LNG as the backbone of the global energy system, panellists at LNG2026 said
18 February 2026
Norwegian energy company has dropped a major hydrogen project and paused its CCS expansion plans as demand fails to materialise
4 February 2026
Europe’s largest electrolyser manufacturers are losing patience with policymakers as sluggish growth in the green hydrogen sector undermines their decision to expand production capacity
2 February 2026
As a fertiliser feedstock, it is indispensable, but ammonia’s potential as a carbon-free energy carrier is also making it central to global decarbonisation strategies
