![]() “Our scientists see potential in this exciting technology that could lead to more affordable methods to reduce emissions in power generation and manufacturing, along with removing carbon dioxide from the atmosphere.”ĮxxonMobil and Global Thermostat are also exploring opportunities to identify economic uses for captured carbon dioxide. “Advancing technologies to capture and concentrate carbon dioxide for storage and potential industrial use is among a suite of ExxonMobil research programs focused on developing lower-emissions solutions to mitigate the risk of climate change,” said Vijay Swarup, vice president of research and development for ExxonMobil Research and Engineering Company. If technical readiness and scalability is established, pilot projects at ExxonMobil facilities could follow. The companies will evaluate the potential scalability of Global Thermostat’s carbon capture technology for large industrial use. Applications could extend across multiple industrial sectors.Companies to evaluate potential scalability.Technology removes carbon dioxide from industrial sources and the atmosphere.Check out all the latest news related to Wyoming economic development, corporate relocation, corporate expansion and site selection. Over the next six years, the company plans to invest more than $15 billion on lower-emission initiatives. It is initially focusing on carbon capture and storage, hydrogen and biofuels – technologies where the company can leverage its core competencies and competitive advantages. Helium is an essential component for health care equipment such as magnetic resonance imaging, high-tech products including fiber optics and semiconductors, and materials for space travel.ĮxxonMobil established its Low Carbon Solutions business to commercialize low-emission technologies. In addition to producing natural gas, ExxonMobil’s LaBarge facility is one of the world’s largest sources of helium, producing approximately 20% of global supply. This helps Wyoming advance its commitment to develop the technology to become carbon negative.” I am delighted that ExxonMobil has decided to move forward with their expansion in Wyoming. “This announcement is a great example of what industry can do to reduce greenhouse emissions and develop resources. We help develop and deploy them,” said Wyoming Governor Mark Gordon. Wyoming and our industries do more than talk about carbon capture technologies. “Our state has always been a leader in carbon capture, utilization and sequestration (CCUS) and we are pleased to see projects like this that bring that technology forward. The LaBarge facility currently captures nearly 20% of all human-made CO2 captured in the world each year. By capturing an additional 1.2 million metric tons of CO2 each year, ExxonMobil can reduce greenhouse gas emissions from its upstream operated emissions by 3%. The expansion is part of the company’s 2030 emission-reduction plans and supports the company’s ambition to achieve net zero greenhouse emissions (Scopes 1 and 2) for its operated assets by 2050. Pending regulatory approvals, startup is estimated in 2025. “By expanding carbon capture and storage at LaBarge, we can reduce emissions from our operations and continue to demonstrate the large-scale capability for carbon capture and storage to address emissions from vital sectors of the global economy, including industrial manufacturing.” (Photo: ExxonMobile)ĮxxonMobil completed front-end engineering and design work for the project in December 2021 and expects to issue the engineering, procurement and construction contract in March. “Carbon capture and storage is a readily available technology that can play a critical role in helping society reduce greenhouse gas emissions,” said Joe Blommaert, president of ExxonMobil Low Carbon Solutions. ![]() To date, the LaBarge facility has captured more CO2 than any other facility in the world. 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 each year. ExxonMobil will invest $400 million to expand carbon capture and storage at its LaBarge, WY facility.
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