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ExxonMobil floats massive carbon storage hub proposal for US Gulf

21 April 2021 11:51 GMT Updated  21 April 2021 11:51 GMT in  Houston US supermajor ExxonMobil has proposed to establish a carbon capture and storage(CCS) hub for the industrial area along the Houston Ship Channel, requiring a combined investment of $100 billion or more. ENERGY EXPLORED: SUBSCRIBE TO ACCELERATE Gain valuable insight into the global oil and gas industry s energy transition from The hub, or “Innovation Zone”, would bring together all levels of government, academia, and the private sector to create a multi-user CCS system, aiming to “effectively capture all the carbon dioxide emissions from the petrochemical, manufacturing, and power generation facilities” in the area, said Joe Blommaert, president of ExxonMobil’s new low-carbon business, in a 19 April blog post.

Will Big Oil s Huge Carbon Capture Bet Pay Off?

Premium Content Will Big Oil’s Huge Carbon Capture Bet Pay Off? By Tsvetana Paraskova - Apr 21, 2021, 1:00 PM CDT “We’re sending carbon back where it came from,” Norway’s energy giant Equinor says, describing its efforts to make carbon capture and storage (CCS) commercially viable in a future decarbonized energy system. Equinor is a joint venture partner with two other oil majors, Shell and Total, in developing the Northern Lights project in Norway, which is planned to deliver carbon storage as a service to help third-party industries to reduce emissions. Big Oil has been using CCS as a means to cut emissions from its own operations. Now the world’s largest international oil companies see carbon capture and storage as a potential new revenue stream in the energy transition.

ExxonMobil floats $100bn idea to create CCS hub

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

ExxonMobil Eyeing $100B Carbon Capture Project in Houston Area, with Burial at Sea

ExxonMobil Eyeing $100B Carbon Capture Project in Houston Area, with Burial at Sea
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