Related Articles
Forward article link
Share PDF with colleagues

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 managin

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
UK’s Britishvolt secures funding for EV battery gigaplant
24 January 2022
Plant designed to produce 300,000 lithium-ion EV battery packs a year, with startup schedule for late 2023 or early 2024
Shell targets new hydrogen and CCS projects in 2022
21 January 2022
Oil major must be a pace setter in energy transition with a bolder strategy, CEO Ben van Beurden says
New York’s first offshore windfarm to begin construction
21 January 2022
Orsted and Eversource project secures final regulatory approval from Boem following environmental review
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video