ExxonMobil company is committed to provide the energy that the world economy needs while also providing low-emission options.
Hydrogen is essential to heavy industry in order to achieve the IEA’s goal of net zero emissions by 2050. By working with carbon capture and storage to cut emissions, it sees hydrogen and fuels based on hydrogen providing 10% of the world’s energy needs. ExxonMobil, an oil company with a 140-year history, employs 62,000 scientists, engineers, researchers, technicians, and other professionals worldwide.
ExxonMobil company is committed to provide the energy that the world economy needs while also providing low-emission options.
For far too long, it was believed that ExxonMobil had to choose between meeting the world’s energy demands and taking the lead in the energy transition. That point of view has always been incorrect, according to Exxon Mobil Chairman and CEO Darren Woods.
The reality is that we can both supply the goods that societies require and take the lead in lowering greenhouse gas emissions on a global scale.
ExxonMobil makes investments in communities and technology to provide the world with better energy while striving to guarantee that supply and demand are balanced and that future energy sources are consistent with international sustainability goals.
In order to support its goal of achieving net-zero greenhouse gas emissions (Scopes 1 and 2) across operational assets by 2050, the business is constructing its first low-carbon hydrogen generation facility of global size at its refining and petrochemical complex in Baytown, Texas.
The plant is anticipated to produce up to 1 billion cubic feet per day of hydrogen from natural gas, with over 98% of the accompanying CO2 being recovered and stored safely underground after construction on the project begins in 2027 or 2028. The world’s largest low-carbon hydrogen project would arise from this.
Site-wide CO2 emissions might be cut by up to 30% compared to present operations by refueling the Baytown facility using hydrogen.
“ExxonMobil’s investment in carbon capture technology shows our commitment to supporting customers in their decarbonization efforts and to reducing emissions at our own operations,” claims Dan Ammann, President of ExxonMobil Low Carbon Solutions.
The scope of this project is anticipated to enable the conversion from natural gas to low-carbon hydrogen as a fuel source for up to 30% of Scope 1 and 2 emissions from our Baytown plant.”
The project would possibly double ExxonMobil’s existing capacity and be the largest carbon capture and storage facility in the world, storing up to 10 million metric tons of CO2 annually. The facility also supports the Houston carbon capture hub idea, a broad implementation in the Houston region backed by ExxonMobil and ten other businesses.
The objective is to lower industrial CO2 emissions, help Houston achieve carbon neutrality by 2050, and capture and store up to 100 million metric tons of CO2 annually from petrochemical, refinery, and power plants in the Houston region by 2040.
Up to 7 million tons of CO2 per year from the Baytown hydrogen project will be captured using carbon capture technology thanks to a partnership between ExxonMobil and Honeywell.
According to Barry Glickman, vice president and general manager of Honeywell Sustainable Technology Solutions, “ExxonMobil is able to reduce CO2 emissions on a large scale thanks to the use of Honeywell’s technology.”
“Our ready-now carbon capture technology is effective because it can significantly reduce emissions, which can be important for the energy transition, and it helps to decarbonize manufacturing processes.”
ExxonMobil company is of the opinion that no one technology, or a “and” equation, can enable the world to achieve net zero while sustaining the lifestyles that are currently supported by the energy system.
ExxonMobil has pledged to use its technical and technological know-how to a number of options, such as carbon capture and storage and hydrogen fuel.
One thing, adds Woods, “remains crystal evident through it all: the world needs the energy and goods we give.
“We are proud of the important role ExxonMobil plays in delivering dependable and affordable energy and products while promoting a future with fewer emissions.”