ExxonMobil pitches plan for $100bn carbon storage project 20 Apr 2021 (Last Updated April 20th, 2021 11:40)
ExxonMobil has proposed a public-private carbon capture and storage (CCS) project, which would require an investment of more than $100bn.
Share Article
ExxonMobil seeks partners on the proposed carbon storage project. Credit: wasi1370 / Pixabay.
ExxonMobil has proposed a public-private carbon capture and storage (CCS) project, which would require an investment of more than $100bn.
The project would collect carbon dioxide emitted by industrial facilities, including oil refineries and petrochemical plants, located along the Houston Ship Channel in the US.
The collected emissions would then be transported via pipeline for storage in reservoirs deep under the Gulf of Mexico.