ExxonMobil to Expand Carbon Capture and Storage at LaBarge, Wyoming, Facility
25 Février 2022 - 2:50PM
Business Wire
- Estimated $400 million investment further reduces greenhouse
gas emissions, supporting corporate-wide emission-reduction
plans
- Annual carbon captured to increase by approximately 1.2 million
metric tons
- Front-end engineering design complete; potential startup in
2025
ExxonMobil has made a final investment decision
to expand carbon capture and storage at its LaBarge, Wyoming,
facility, which has captured more CO2 than any other facility in
the world to date. The expansion project will capture up to 1.2
million metric tons of CO2, in addition to the 6-7 million metric
tons captured at LaBarge each year.
“Carbon capture and storage is a readily available technology
that can play a critical role in helping society reduce greenhouse
gas emissions,” said Joe Blommaert, president of ExxonMobil Low
Carbon Solutions. “By expanding carbon capture and storage at
LaBarge, we can reduce emissions from our operations and continue
to demonstrate the large-scale capability for carbon capture and
storage to address emissions from vital sectors of the global
economy, including industrial manufacturing.”
ExxonMobil completed front-end engineering and design work for
the project in December 2021 and expects to issue the engineering,
procurement and construction contract in March. Pending regulatory
approvals, startup is estimated in 2025.
The expansion is part of the company’s 2030 emission-reduction
plans and supports the company’s ambition to achieve net zero
greenhouse emissions (Scopes 1 and 2) for its operated assets by
2050. By capturing an additional 1.2 million metric tons of CO2
each year, ExxonMobil can reduce greenhouse gas emissions from its
upstream operated emissions by 3%. The LaBarge facility currently
captures nearly 20% of all human-made CO2 captured in the world
each year.
“Our state has always been a leader in carbon capture,
utilization and sequestration (CCUS) and we are pleased to see
projects like this that bring that technology forward. Wyoming and
our industries do more than talk about carbon capture technologies.
We help develop and deploy them,” said Wyoming Governor Mark
Gordon. “This announcement is a great example of what industry can
do to reduce greenhouse emissions and develop resources. I am
delighted that ExxonMobil has decided to move forward with their
expansion in Wyoming. This helps Wyoming advance its commitment to
develop the technology to become carbon negative.”
In addition to producing natural gas, ExxonMobil’s LaBarge
facility is one of the world’s largest sources of helium, producing
approximately 20% of global supply. Helium is an essential
component for health care equipment such as magnetic resonance
imaging, high-tech products including fiber optics and
semiconductors, and materials for space travel.
ExxonMobil established its Low Carbon Solutions business to
commercialize low-emission technologies. It is initially focusing
on carbon capture and storage, hydrogen and biofuels – technologies
where the company can leverage its core competencies and
competitive advantages. Over the next six years, the company plans
to invest more than $15 billion on lower-emission initiatives.
Sound government policies will accelerate the deployment of key
technologies at the pace and scale required to support a societal
net-zero future.
ExxonMobil has more than 30 years of experience capturing CO₂
and has cumulatively captured more anthropogenic CO₂ than any other
company. It has an equity share of about one-fifth of the world’s
carbon capture and storage capacity at about 9 million metric tons
per year.
ExxonMobil is committed to helping society reduce overall
greenhouse gas emissions by decreasing the company’s Scope 1 and 2
emissions intensity and developing and deploying emission-reducing
technologies and products. Increasing the supply of products with
lower life cycle greenhouse gas emissions helps enable the
transition from higher-emissions alternatives.
About ExxonMobil
ExxonMobil, one of the largest publicly traded international
energy companies, uses technology and innovation to help meet the
world’s growing energy needs. ExxonMobil holds an industry-leading
inventory of resources, is one of the largest refiners and
marketers of petroleum products, and its chemical company is one of
the largest in the world. To learn more, visit exxonmobil.com, the
Energy Factor and Carbon capture and storage | ExxonMobil.
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Cautionary Statement: Statements of
future events, investment opportunities or conditions in this
release are forward-looking statements. Actual future results,
including project plans, timing, results, and costs, future
reductions in emissions and emissions intensity, carbon capture
results and the impact of operational and technology efforts could
vary depending on any changes in plans upon final approval of this
project; the ability to execute operational objectives on a timely
and successful basis; the ability to obtain and timing of required
governmental and other third party consents; the development and
pace of supportive market conditions and national, regional and
local policies relating to carbon capture and emission reductions;
changes in laws and regulations including laws and regulations
regarding greenhouse gas emissions, carbon costs, and taxes; trade
patterns and the development and enforcement of local, national and
international mandates and treaties; 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; and other
factors discussed in this release and under the heading “Factors
Affecting Future Results” on the Investors page of ExxonMobil’s
website at exxonmobil.com.
The term “ExxonMobil” is used for convenience, and may include
any one or more of Exxon Mobil Corporation or any affiliate either
directly or indirectly stewarded.
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