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 […]

The quest to reduce greenhouse emission in Nigeria through carbon capture, storage and usage CCUS has recently received financial backing from the World Bank and its subsidiary, the International Finance Corporation (IFC). The global financial giants have mapped out strategic plan to support Nigeria in setting up a local market for the capture, use and […]

Karoon Energy said it has entered into a long term, fixed price agreement with Shell to purchase credits to offset carbon emissions at the Baúna-Patola development in the Santos Basin, offshore Brazil. KaroonPetróleo e GásLtda, a wholly-owned subsidiary of Karoon Energy, has entered into an agreement with Shell Western Supply and Trading Limited (SWST) to […]

Carbon capture and storage (CCS) is a technology that safely captures CO2 at industrial sources, transports it and injects it permanently deep into the earth, diverting it from the atmosphere and limiting the impact it has on the environment. Large-scale carbon capture opportunities are in the works around the world, from Houston to Rotterdam to Singapore. […]

Tokyo, November 9, 2021 – Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group, and Nippon Yusen Kabushiki Kaisha (NYK Line) have agreed to jointly develop a large-scale liquefied CO2 (LCO2) carrier. To facilitate the development of technologies for transporting CO2 using large vessels, this project will combine Mitsubishi Shipbuilding’s advanced gas handling technologies accumulated through […]

ExxonMobil and Pertamina, the state-owned energy company for Indonesia, today signed a Memorandum of Understanding (MoU) to evaluate the potential for large-scale deployment of low-carbon technologies in Indonesia. The MoU was signed near Glasgow, Scotland, where world leaders have gathered to discuss climate policies during COP 26. The companies have agreed to assess the potential […]

When it comes to technology that’s essential to reducing industrial CO2 emissions, all eyes are on carbon capture and storage, or CCS. And it’s easy to understand why. CCS is the process of capturing CO2 from industrial activities that would otherwise be released into the atmosphere then injecting that CO2 into deep geologic formations for safe, secure and […]

Scottish Cluster of decarbonisation projects, an agreement with Project Cavendish, could see 700MW of energy generation in South East England decarbonised through the Acorn CO2 transport and storage systemaccording to the latest expansion Plan The MoU signed with Peterhead Port Authority will help facilitate this critical cross-border collaboration, opening up the Acorn CO2 transport and storage system […]

Eleven companies have expressed interest in supporting the large-scale deployment of carbon capture and storage (CCS) technology in Houston. Calpine, Chevron, Dow, ExxonMobil, INEOS, Linde, LyondellBasell, Marathon Petroleum, NRG Energy, Phillips 66 and Valero have agreed to begin discussing plans that could lead to capturing and safely storing up to 50 million metric tons of […]

ExxonMobil announced its majority-owned affiliate, Imperial Oil Ltd., is moving forward with plans to produce renewable diesel at a new complex at its Strathcona refinery in Edmonton, Canada.  When construction is complete, the refinery is expected to produce approximately 20,000 barrels per day of renewable diesel, which could reduce emissions in the Canadian transportation sector […]