Exxon Mobil hopes to sell the Biden administration and lawmakers in Congress on a massive proposed carbon capture venture â one the oil major will need significant policy support to get off the ground.
The proposal, which ExxonMobil announced last month as the first major endeavor of its Low Carbon Solutions business, would make Houston a hub for carbon capture and storage. Houston s plentiful industrial facilities â such as gas-fired power plants, refineries, and chemical manufacturing operations â would install equipment to capture its carbon emissions. The oil giant is partnering with around 50 industrial facilities on the plan.
The hub would also include pipeline infrastructure to transport that carbon underground. ExxonMobil envisions the storage to occur tens of miles off the Gulf Coast, deep under the seafloor in federal waters, where the storage capacity is enormous.
Print this article Exxon Mobil hopes to sell the Biden administration and lawmakers in Congress on a massive proposed carbon capture venture one the oil major will need significant policy support to get off the ground.
The proposal, which ExxonMobil
announced last month as the first major endeavor of its Low Carbon Solutions business, would make Houston a hub for carbon capture and storage. Houston’s plentiful industrial facilities such as gas-fired power plants, refineries, and chemical manufacturing operations would install equipment to capture its carbon emissions. The oil giant is partnering with around 50 industrial facilities on the plan.
The hub would also include pipeline infrastructure to transport that carbon underground. ExxonMobil envisions the storage to occur tens of miles off the Gulf Coast, deep under the seafloor in federal waters, where the storage capacity is enormous.
ExxonMobil pitches massive Houston carbon-capture hub to Biden and Congress msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Image: Sergey Nivens/Adobe Stock Almost every major oil company, from ExxonMobil to Aramco, is working on some form of carbon capture.
Big Oil has been taking it on the chin from the anti-plastics crowd, which blames it for the so-called plastics crisis and,of course, climate change. As a result, major oil companies are moving forward with carbon capture methods to mitigate the blame, and, hopefully, the CO
2.
Almost every major oil company is working on some form of carbon capture. ExxonMobil’s carbon capture and storage (CCS) program “could enable the United States to safely capture and store hundreds of millions of metric tons of CO