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
23 June 2025
Funding deals for two major projects lift the mood in a sector hampered by local bureaucratic delays and bearish global sentiment
18 June 2025
The country’s green hydrogen sector can gain traction even as the global trade war rages and other headwinds hamper the sector, Mohsen al-Hadhrami, undersecretary of energy and minerals, tells Hydrogen Economist
18 June 2025
UK risks losing out on in race to secure hydrogen imports as its refusal to back ammonia cracking sinks $2.7b Immingham project
11 June 2025
China emerges as clear frontrunner as US growth stalls and Europe burdens its industry with labyrinthine regulations
