Exxon Mobil Enters Carbon Capture Agreement with CF Industries

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On Thursday, energy major Exxon Mobil announced a new carbon capture and storage (CCS) agreement with ammonia producer CF Industries. This initiative marks a significant step in Exxon’s efforts to mitigate industrial carbon dioxide (CO2) emissions.

Carbon capture involves capturing CO2 generated from industrial processes and storing it underground to prevent it from entering the atmosphere. This technology has been increasingly adopted by major oil companies, including Chevron, Occidental Petroleum, and Talos Energy, as part of their strategies to reduce carbon footprints.

Under the agreement, Exxon will transport and store up to 500,000 metric tons of CO2 annually from CF Industries’ complex in Yazoo City, Mississippi. This facility primarily produces nitrogen products for agricultural fertilizers. The CCS project aims to cut the site’s CO2 emissions by approximately 50% and is slated to begin operations in 2028.

This venture represents Exxon’s fourth CCS project and its second collaboration with CF Industries. Last year, Exxon and CF signed a CCS agreement to enhance emission reductions. Additionally, Exxon recently partnered with Nucor for CCS and, in March, joined forces with Shell and the Singapore government to develop a cross-border CCS project.

Exxon’s continuous expansion in CCS projects underscores its commitment to advancing sustainable technologies and reducing industrial carbon emissions.