ExxonMobil has created a new business to commercialize its extensive low-carbon technology portfolio. The new business, ExxonMobil Low Carbon Solutions, will initially focus on carbon capture and storage, one of the critical technologies required to achieve net zero emissions and the climate goals outlined in the Paris Agreement.
ExxonMobil launches Low Carbon Solutions business unit
By Mary Page Bailey |
February 2, 2021
ExxonMobil has created a new business to commercialize its extensive low-carbon technology portfolio. The new business, ExxonMobil Low Carbon Solutions, will initially focus on carbon capture and storage, one of the critical technologies required to achieve net zero emissions and the climate goals outlined in the Paris Agreement.
ExxonMobil Low Carbon Solutions is advancing plans for more than 20 new carbon capture and storage opportunities around the world to enable large-scale emission reductions. ExxonMobil plans to invest $3 billion on lower emission energy solutions through 2025. The business will be led by Joe Blommaert, who has more than 30 years of experience in the industry with leadership roles in technology advancement, product marketing, and operations. The board of directors has elected him as a vice president of Exxon Mobil Corporation.
ExxonMobil Low Carbon Solutions to bring emission reduction to market Technology
News Highlights: ExxonMobil Low Carbon Solutions to bring emission reduction to market Technology
IRVING, Texas – (BUSINESS WIRE) –ExxonMobil said it has formed a new company today to market its extensive low-carbon technology portfolio. The new company, ExxonMobil Low Carbon Solutions, will initially focus on carbon capture and storage, one of the critical technologies needed to achieve net zero emissions and the climate goals outlined in the Paris Agreement.
ExxonMobil Low Carbon Solutions is planning more than 20 new carbon capture and storage capabilities around the world to enable large-scale emissions reductions. ExxonMobil plans to invest $ 3 billion in lower-emission energy solutions through 2025. The company will be led by Joe Blommaert, who has over 30 years of industry experience with leadership roles in technology advancement, product marketing and operations. The board of director
Letter to the Editor: Fix emissions now
Gov. Gavin Newsom recently committed California to the use of 100% clean energy sources by 2045; unfortunately, most recent scientific research on climate change shows that greenhouse gas emissions will have irreversible consequences by 2030. The United Nations Intergovernmental Panel on Climate Change deadline to reduce current greenhouse gas emissions by half the current rate is nine years away. If we wait for 10 years to change our greenhouse gas pollution rate, it will already be too late. If we wait 14 years, we will undo everything we have done so far to clean the air we breathe and protect the environment we rely upon.
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