ExxonMobil floats $100bn idea to create CCS hubs
US supermajor ExxonMobil, in an April 19 blog post, is floating the idea of a $100bn project that could eventually capture up to 100mn mt/yr of CO
2 from Houston-area industrial emitters and sequester it beneath the Gulf of Mexico.
After studying the concept of creating multi-user carbon capture and storage (CCS) hubs in industrial areas for the past three years, ExxonMobil has settled on the Houston Ship Channel region of south Texas, Joe Blommaert, president of ExxonMobil Low Carbon Solutions, wrote in a blog post on the ExxonMobil website.
“Houston has two features that make it an ideal site for CCS: it has many large industrial emission sources, and it’s located near geologic formations in the Gulf of Mexico that could store large amounts of CO
Exxon: Houston an ideal site for $100B carbon capture and storage project
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ExxonMobil Eyeing $100B Carbon Capture Project in Houston Area, with Burial at Sea
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