To learn more, visit and the Energy Factor.Ĭautionary Statement: Statements of future events, investment opportunities projects or partnerships in this release are forward-looking statements. ExxonMobil holds an industry-leading portfolio of resources, and is one of the largest integrated fuels, lubricants and chemical companies in the world. 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. It has an equity share of about one-fifth of the world’s carbon capture and storage capacity at about 9 million metric tons per year.ĮxxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the world’s growing energy needs. The company has more than 30 years of experience capturing CO 2 and has cumulatively captured more human-made CO 2 than any other company. Low Carbon Solutions is focused on commercializing lower-emission business opportunities in carbon capture and storage, hydrogen and lower-emission fuels, by leveraging the skills, knowledge and scale of ExxonMobil. “Sound government policies will accelerate the deployment of key technologies required to support society’s ambition for a net-zero future.”ĮxxonMobil established its Low Carbon Solutions business to commercialize the company’s extensive lower-emission portfolio with the objective to create long-term shareholder value and support global emission-reduction efforts. “Collaboration with other industries is an important step to unlock future carbon capture and storage opportunities for Australia, with the potential for large-scale reductions in the highest emitting industrial sectors,” said Joe Blommaert, president of ExxonMobil Low Carbon Solutions. If technical and business feasibility is confirmed, the SEA CCS hub could be operational by 2025. The project is designed to capture up to 2 million metric tons of CO 2 per year. The company is in active discussions with local industries which may be interested in accessing the SEA CCS hub to reduce emissions from their operations. The South East Australia carbon capture and storage (SEA CCS) hub would initially use existing infrastructure to store CO 2 in the depleted Bream field off the coast of Gippsland, Victoria. Company in discussion with local emissions-intensive industries. Project could capture up to 2 million metric tons of CO 2 per year.
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