Industrial Consumers

ExxonMobil advances carbon capture in Indonesia and Mozambique

ExxonMobil low carbon solutions

ExxonMobil, the US oil major, announced it is advancing and assessing carbon capture opportunities in Indonesia and Mozambique, as part of the commercial expansion of the company’s Low Carbon Solutions venture.

Firstly, the company announced that it signed a Memorandum of Understanding with Pertamina this week, the state-owned energy company for Indonesia. Under the agreement, Exxon will evaluate the potential for large-scale deployment of low-carbon technologies in the country. The companies signed the MoU near Glasgow, Scotland, where world leaders have gathered to discuss climate policies during COP 26.

Moreover, the companies will jointly examine subsurface data to identify geologic formations deep underground that could be suitable to store carbon dioxide safely; and the potential for safe, commercially viable utilization of CO2. The deal will also push Indonesia into its net-zero ambitions.

On the other hand, Exxon’s Low Carbon Solutions is evaluating several other carbon capture and storage projects worldwide, including in Rotterdam, Netherlands; Normandy, France; LaBarge, Wyoming; and Houston, Texas.

In fact, up to date, the venture has an equity share in approximately one-fifth of global CO2 capture capacity. It has captured roughly 40 percent of all the captured anthropogenic CO2 in the world.

Also recommended for you: Summit Ridge Energy completes community solar project in Maine. Click here to read.

ExxonMobil stil committed to Mozambique LNG project

About the project in Indonesia, Joe Blommaert, president of ExxonMobil Low Carbon Solutions, said. “With well-designed policies and industry collaboration, we can move forward with reliable, safe and ready-to-deploy technologies at scale that can help governments achieve game-changing emissions reductions.”

On the other hand, ExxonMobil is looking to make its $30 billion liquified natural gas (LNG) project in Mozambique green; precisely, through carbon capture technology. Mozambique’s energy minister, Max Tonela, announced the initiative this Thursday.

Moreover, Exxon’s LNG project in the region is one of three massive projects underway in Mozambique. However, the company has delayed the final investment decision due to covid-19 and safety issues.

Finally, according to a Reuters report, the region has been slashed by an Islamic State-related insurgency, displacing thousands and killing dozens. Exxon’s executives are still committed to the project, but they are concerned about the security in the region.

Related posts

XRI Holdings Acquires Water Infrastructure in the Permian Basin

editor

Qube Technologies to develop methane leak detection program in North America

editor

Rare Element Resources advances separation project for DOE funding

editor