- CF Industries to capture up to 2 million metric tons of CO2
from operations
- ExxonMobil to develop 125K-acre CO2 storage location in
Vermilion Parish
- ExxonMobil agreement with EnLink Midstream to transport CO2
through pipeline network
CF Industries, a leading global manufacturer of hydrogen and
nitrogen products, has entered into the largest-of-its-kind
commercial agreement with ExxonMobil to capture and permanently
store up to 2 million metric tons of CO2 emissions annually from
its manufacturing complex in Louisiana. Start-up for the project is
scheduled for early 2025 and supports Louisiana’s objective of net
zero CO2 emissions by 2050.
As previously announced, CF Industries is investing $200 million
to build a CO2 dehydration and compression unit at its
Donaldsonville, Louisiana, facility to enable captured CO2 to be
transported and stored. ExxonMobil will then transport and
permanently store the captured CO2 in secure geologic storage it
owns in Vermilion Parish. As part of the project, ExxonMobil has
signed an agreement with EnLink Midstream to use EnLink’s
transportation network to deliver CO2 to permanent geologic
storage. The 2 million metric tons of emissions captured annually
will be equivalent to replacing approximately 700,000
gasoline-powered cars with electric vehicles.
“CF Industries is pleased to partner with ExxonMobil through
this definitive CO2 offtake agreement, accelerating our
decarbonization journey and supporting Louisiana’s and the
country’s climate goals,” said Tony Will, president and chief
executive officer, CF Industries Holdings, Inc. “This agreement
also ensures that we remain at the forefront of the developing
clean energy economy. As we leverage proven carbon capture and
sequestration technology, CF Industries will be first-to-market
with a significant volume of blue ammonia. This will enable us to
supply this low-carbon energy source to hard-to-abate industries
that increasingly view it as critical to their own decarbonization
goals.”
“This landmark project represents large-scale, real-world
progress on the journey to decarbonize the global economy,” said
Dan Ammann, president of ExxonMobil Low Carbon Solutions.
“ExxonMobil is providing a critical and scalable solution to reduce
CO2 emissions, and we’re ready to offer the same service to other
large industrial customers in the state of Louisiana and around the
world. We’re encouraged by the momentum we see building for
projects of this kind, thanks to supportive policies such as the
Inflation Reduction Act.”
“EnLink has a system of over 4,000 miles of pipeline already in
the ground in Louisiana,” said Jesse Arenivas, Chief Executive
Officer of EnLink. “Utilizing this extensive network enables us to
provide the most timely and cost-effective solution to CO2
transportation, with a significantly lower environmental impact.
Because of this, EnLink is uniquely positioned to be the CO2
transportation provider of choice in Louisiana's Mississippi River
corridor, which is a hub of industrial activity that is important
to our economy. We look forward to working with ExxonMobil to help
CF Industries and the State of Louisiana reach their
decarbonization goals.”
“Today’s announcement of this unprecedented, large-scale,
low-carbon partnership is a key milepost on Louisiana’s path toward
a brighter future for our climate, our economy and our people,”
said Louisiana Gov. John Bel Edwards. “The collaboration and
innovation to bring carbon capture and storage technology forward
at this scale reaffirms our state’s ability to grow our economy
without sacrificing our long-term emission-reduction goals to net
zero by 2050.”
CF Industries expects to market up to 1.7 million metric tons of
blue ammonia annually. A chemical process is considered “blue” when
CO2 emissions are captured before their release into the air,
making the process more carbon-neutral. Demand for blue ammonia is
expected to grow significantly as a decarbonized energy source for
hard-to-abate industries, both for its hydrogen content and as a
fuel itself, because ammonia’s components – nitrogen and hydrogen –
do not emit carbon when combusted.
ExxonMobil Low Carbon Solutions is working to bring
lower-emission technologies to market, making them accessible to
hard-to-decarbonize industries in the United States and
internationally. It is focusing its carbon capture and storage
efforts on point-source emissions, the process of capturing CO2
from industrial activity that would otherwise be released into the
atmosphere. Once captured, the CO2 is injected into deep,
underground geologic formations for safe, secure and permanent
storage. In the United States, these storage efforts are regulated
by state and federal agencies.
Carbon capture and storage is a safe, proven technology that can
enable some of the highest-emitting sectors to meaningfully reduce
their emissions. These industries include manufacturing, power
generation, refining, petrochemical, steel, and cement operations.
With effective government policies in place, broad deployment of
commercial-scale carbon capture and storage projects could create a
new industry, resulting in job creation and economic growth.
###
About CF Industries
At CF Industries, our mission is to provide clean energy to feed
and fuel the world sustainably. With our employees focused on safe
and reliable operations, environmental stewardship, and disciplined
capital and corporate management, we are on a path to decarbonize
our ammonia production network – the world’s largest – to enable
green and blue hydrogen and nitrogen products for energy,
fertilizer, emissions abatement and other industrial activities.
Our manufacturing complexes in the United States, Canada, and the
United Kingdom, an unparalleled storage, transportation and
distribution network in North America, and logistics capabilities
enabling a global reach underpin our strategy to leverage our
unique capabilities to accelerate the world’s transition to clean
energy. CF Industries routinely posts investor announcements and
additional information on the Company’s website at
www.cfindustries.com and encourages those interested in the Company
to check there frequently.
About EnLink Midstream
EnLink Midstream reliably operates a differentiated midstream
platform that is built for long-term, sustainable value creation.
EnLink's best-in-class services span the midstream value chain,
providing natural gas, crude oil, condensate, NGL capabilities, and
carbon capture, transportation, and sequestration. Our purposely
built, integrated asset platforms are in premier production basins
and core demand centers, including the Permian Basin, Oklahoma,
North Texas, and the Gulf Coast. EnLink's strong financial
foundation and commitment to execution excellence drive competitive
returns and value for our employees, customers, and investors.
Headquartered in Dallas, EnLink is publicly traded through EnLink
Midstream, LLC. Visit www.enlink.com to learn how EnLink connects
energy to life.
About ExxonMobil
ExxonMobil, one of the largest publicly traded international
energy and petrochemical companies, creates solutions that improve
quality of life and meet society’s evolving needs.
The corporation’s primary businesses - Upstream, Product
Solutions and Low Carbon Solutions - provide products that enable
modern life, including energy, chemicals, lubricants, and
lower-emissions technologies. ExxonMobil holds an industry-leading
portfolio of resources, and is one of the largest integrated fuels,
lubricants and chemical companies in the world. To learn more,
visit exxonmobil.com and the Energy Factor.
Follow us on Twitter and LinkedIn.
Cautionary Statement: Statements of future events,
investments, or partnerships in this release are forward-looking
statements. Actual future results, including project plans, partner
participation, timing, capacities, and costs could vary depending
on the ability to execute operational objectives on a timely and
successful basis; implementation of government frameworks and
permitting for carbon capture and storage and other lower-emission
technologies; timely completion of construction projects;
commercial and consumer interest in lower-emissions opportunities;
changes in plans or objectives prior to final funding decisions or
project startups; unforeseen technical or operational difficulties;
and other market factors including changes in supply and demand and
other market factors affecting future prices of oil, gas, and
petrochemical products as well as ammonia and hydrogen products;
and other factors discussed in this release and in Item 1A. Any
forward-looking statement speaks only as of the date of this press
release and the companies named herein disclaim any obligation to
update any forward-looking statement. Risk Factors of ExxonMobil’s
Annual Report on Form 10-K and under the heading “Factors Affecting
Future Results” available through the Investors page of
ExxonMobil’s website at exxonmobil.com.
More detailed information about factors that may affect CF
Industries Holdings, Inc.’s performance and could cause actual
results to differ materially from those in any forward-looking
statements may be found in CF Industries Holdings, Inc.’s filings
with the Securities and Exchange Commission, including CF
Industries Holdings, Inc.’s most recent annual and quarterly
reports on Form 10-K and Form 10-Q, which are available in the
Investor Relations section of the Company’s web site.
An extensive list of factors that can affect EnLink's business
are discussed in EnLink's filings with the Securities and Exchange
Commission, including EnLink's Annual Reports on Form 10-K,
Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K,
all of which are available on the Investor page of EnLink’s
website. EnLink does not assume any obligation to update any
forward-looking statements.
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EnLink Media Relations (214) 721-9694
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