ExxonMobil to Expand Carbon-Capture Facility in Wyoming
25 Février 2022 - 3:38PM
Dow Jones News
By Chris Wack
ExxonMobil Corp. has made a final investment decision to expand
carbon capture and storage at its LaBarge, Wyo., facility, which it
says has captured more carbon than any other facility in the world
to date.
The company said the expansion project would capture up to 1.2
million metric tons of carbon, in addition to the 6 million to 7
million metric tons captured at LaBarge each year.
ExxonMobil said it completed front-end engineering and design
work for the project in December, 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 goal to achieve net zero
greenhouse emissions for its operated assets by 2050.
By capturing an additional 1.2 million metric tons of carbon
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 carbon captured in the world
each year.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
February 25, 2022 09:23 ET (14:23 GMT)
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