ExxonMobil Low Carbon Solutions to Commercialize Emission-Reduction Technology
01 Février 2021 - 11:00PM
Business Wire
- New business to commercialize and deploy technology from
extensive, industry-leading R&D portfolio
- Initial focus on carbon capture and storage (CCS), a technology
recognized as critical to achieving Paris Agreement climate
goals
- Advancing plans for over 20 new CCS opportunities to enable
large-scale emission reductions
ExxonMobil said today it has created a new business to
commercialize its extensive low-carbon technology portfolio. The
new business, ExxonMobil Low Carbon Solutions, will initially focus
on carbon capture and storage, one of the critical technologies
required to achieve net zero emissions and the climate goals
outlined in the Paris Agreement.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20210201005928/en/
ExxonMobil Low Carbon Solutions is advancing plans for more than
20 new carbon capture and storage opportunities around the world to
enable large-scale emission reductions. ExxonMobil plans to invest
$3 billion on lower emission energy solutions through 2025. The
business will be led by Joe Blommaert, who has more than 30 years
of experience in the industry with leadership roles in technology
advancement, product marketing, and operations. The board of
directors has elected him as a vice president of Exxon Mobil
Corporation.
CCS is the process of capturing CO2 that would otherwise be
released into the atmosphere from industrial activity, and
injecting it into deep geologic formations for safe, secure and
permanent storage. The United Nations Intergovernmental Panel on
Climate Change and the International Energy Agency agree that CCS
is one of the most important low-carbon technologies required to
achieve societal climate goals at the lowest cost. CCS is also one
of the only technologies that could enable some industry sectors to
decarbonize, including the refining, chemicals, cement and steel
sectors.
ExxonMobil has more than 30 years of experience in CCS
technology and was the first company to capture more than 120
million tonnes of CO2, which is equivalent to the emissions of more
than 25 million cars for one year. The company has an equity share
in about one-fifth of global CO2 capture capacity and has captured
approximately 40 percent of all the captured anthropogenic CO2 in
the world.
ExxonMobil Low Carbon Solutions will also leverage ExxonMobil’s
significant experience in the production of hydrogen which, when
coupled with CCS, is likely to play a critical role in a
lower-carbon energy system. Other technology focus areas in
ExxonMobil’s low carbon portfolio will be added in the future as
they mature to commercialization.
“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 the risks of climate change,” said Darren Woods,
chairman and chief executive officer. “We are focused on
proprietary projects and commercial partnerships that will have a
demonstrably positive impact on our own emissions as well as those
from the industrial, power generation and commercial transportation
sectors, which together account for 80 percent of global CO2
emissions. We have the expertise that can help bring technologies
to market and make a meaningful difference.”
The business will seek to develop partnerships and
collaborations on a wide range of technologies, and be responsible
for marketing of emission-reduction credits created through the
business’s sequestration projects.
New CCS projects and partnerships under evaluation include:
- U.S. Gulf Coast – ExxonMobil is assessing multiple CCS
projects along the U.S. Gulf Coast that have the potential to
collect millions of tonnes of CO2 from industrial sources for
storage in onshore and offshore geologic formations. Included in
these projects is a CCS hub concept in Southeast Texas.
- Wyoming, USA – ExxonMobil has progressed permitting for
the expansion of its La Barge CCS facilities, which could enable an
additional one million tonnes of CO2 per year to be captured.
Existing facilities currently capture approximately 7 million
tonnes per year, which is the largest amount of CO2 captured by any
industrial facility in the world.
- Netherlands – ExxonMobil has executed a joint
development agreement to advance its interest in the Port of
Rotterdam CO2 Transportation Hub and Offshore Storage project,
known as Porthos. The Porthos project aims to collect CO2 emissions
from industrial sources and transport them by pipeline to depleted
North Sea offshore gas fields. Porthos and its potential customers
have applied for EU and national support mechanisms. ExxonMobil
also participates in the H-Vision study into large-scale production
of low-carbon hydrogen in Rotterdam.
- Belgium – ExxonMobil is participating in the
multi-stakeholder CCS project at the Port of Antwerp, Europe’s
largest integrated energy and chemicals cluster. The project, which
would collect CO2 emissions from industrial sources for storage,
recently applied for support from the European Union.
- Scotland – Through its joint venture in the SEGAL system
in Northeast Scotland, ExxonMobil is progressing discussions to
support the Acorn project, which will collect CO2 from the St.
Fergus gas processing complex for transport and storage in offshore
gas reservoirs.
- Singapore – ExxonMobil is planning a CCS hub concept to
capture, transport and permanently store CO2 generated by
industrial activity in the Asia-Pacific region. The project concept
is based on a plan to capture CO2 emissions from Singapore
manufacturing facilities for storage in the region.
- Qatar - ExxonMobil is a partner in several existing
joint ventures with Qatar Petroleum that operate a CCS project with
an annual capacity of 2.1 million tonnes at Ras Laffan. ExxonMobil
is evaluating opportunities to add additional capture capacity in
the region.
The new projects will complement ExxonMobil’s current carbon
capture capacity in the United States, Australia and Qatar, which
totals about 9 million tonnes per year, the equivalent of planting
150 million trees every year.
ExxonMobil is collaborating with multiple partners across
industry, academia and government to advance carbon capture
technologies to reduce costs and enhance scalability. This includes
the company’s work with FuelCell Energy to advance carbonate fuel
cell technology to more efficiently capture CO2 from industrial
facilities, and Global Thermostat, a collaboration to advance
efforts to capture CO2 directly from the air.
CCS opportunities can become more commercially attractive
through government policy, including the United States tax credit
45Q, which ExxonMobil supports, and other supportive policies in
the European Union, Canada and Singapore.
Since 2000, ExxonMobil has spent more than $10 billion to
develop and deploy higher-efficiency and lower-emission energy
solutions across its operations. The company works with about 80
universities in the United States, Europe and Asia to explore
next-generation energy technologies.
Cautionary Statement
Statements of future events, investment opportunities or
conditions in this release are forward-looking statements. Actual
future results, including project plans and timing, future
reductions in emissions and emissions intensity, carbon capture
results and the impact of operational and technology efforts could
vary depending on the ability to execute operational objectives on
a timely and successful basis; national, regional and local
policies; changes in laws and regulations including laws and
regulations regarding greenhouse gas emissions and carbon costs;
trade patterns and the development and enforcement of local,
national and regional mandates; unforeseen technical or operational
difficulties; the outcome of research efforts and future technology
developments, including the ability to scale projects and
technologies on a commercially competitive basis; changes in supply
and demand and other market factors affecting future prices of oil,
gas, and petrochemical products; changes in the relative energy mix
across activities and geographies; the actions of competitors;
changes in regional and global economic growth rates and consumer
preferences; the pace of regional and global recovery from the
COVID-19 pandemic and actions taken by governments and consumers
resulting from the pandemic; changes in population growth, economic
development or migration patterns; and other factors discussed in
this release and in Item 1A. “Risk Factors” in ExxonMobil’s Annual
Report on Form 10-K for 2019 and subsequent Quarterly Reports on
Forms 10-Q, as well as under the heading “Factors Affecting Future
Results” on the Investors page of ExxonMobil’s website at
www.exxonmobil.com.
Important Additional Information Regarding Proxy
Solicitation Exxon Mobil Corporation (“ExxonMobil”) intends to
file a proxy statement and associated BLUE proxy card with the U.S.
Securities and Exchange Commission (the “SEC”) in connection with
the solicitation of proxies for ExxonMobil’s 2021 Annual Meeting
(the “Proxy Statement”). ExxonMobil, its directors and certain of
its executive officers will be participants in the solicitation of
proxies from shareholders in respect of the 2021 Annual Meeting.
Information regarding the names of ExxonMobil’s directors and
executive officers and their respective interests in ExxonMobil by
security holdings or otherwise is set forth in ExxonMobil’s Annual
Report on Form 10-K for the fiscal year ended December 31, 2019,
filed with the SEC on February 26, 2020, ExxonMobil’s proxy
statement for the 2020 Annual Meeting of Shareholders, filed with
the SEC on April 9, 2020 and ExxonMobil’s Form 8-K filed with the
SEC on December 1, 2020. To the extent holdings of such
participants in ExxonMobil’s securities are not reported, or have
changed since the amounts described, in the 2020 proxy statement,
such changes have been reflected on Initial Statements of
Beneficial Ownership on Form 3 or Statements of Change in Ownership
on Form 4 filed with the SEC. Details concerning the nominees of
ExxonMobil’s Board of Directors for election at the 2021 Annual
Meeting will be included in the Proxy Statement. BEFORE MAKING ANY
VOTING DECISION, INVESTORS AND SHAREHOLDERS OF THE COMPANY ARE
URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH OR FURNISHED TO THE
SEC, INCLUDING THE COMPANY’S DEFINITIVE PROXY STATEMENT AND ANY
SUPPLEMENTS THERETO AND ACCOMPANYING BLUE PROXY CARD WHEN THEY
BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.
Investors and shareholders will be able to obtain a copy of the
definitive Proxy Statement and other relevant documents filed by
ExxonMobil free of charge from the SEC’s website, www.sec.gov.
ExxonMobil’s shareholders will also be able to obtain, without
charge, a copy of the definitive Proxy Statement and other relevant
filed documents by directing a request by mail to ExxonMobil
Shareholder Services at 5959 Las Colinas Boulevard, Irving, Texas,
75039-2298 or at shareholderrelations@exxonmobil.com or from the
investor relations section of ExxonMobil’s website,
www.exxonmobil.com/investor.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210201005928/en/
ExxonMobil Media Relations: (972) 940-6007
Exxon Mobil (NYSE:XOM)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
Exxon Mobil (NYSE:XOM)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024