ExxonMobil Awards FEED for World’s Largest Low-Carbon Hydrogen Facility
- Project targets 1 billion cubic feet of low-carbon hydrogen per day, while capturing more than 98% of associated CO2 emissions
- Offtake agreements under discussion with third party customers
Up to 30% reduction in Scope 1 and 2 emissions at
More than 98% of the associated CO2 produced by the facility, or around 7 million metric tons per year, is expected to be captured and permanently stored. The carbon capture and storage network being developed for the project will be made available for use by third-party CO2 emitters in the area in support of their decarbonization efforts.
“This project allows us to offer significant volumes of low-carbon hydrogen and ammonia to third party customers in support of their decarbonization efforts,” said
The corporation’s primary businesses - Upstream, Product Solutions and Low Carbon Solutions - provide products that enable modern life, including energy, chemicals, lubricants, and lower-emissions technologies.
With advancements in technology and the support of clear and consistent government policies,
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Statements of future events, investments, or partnerships in this release are forward-looking statements. Actual future results, including project plans, partner participation, timing, capacities, and costs could differ materially depending on a number of factors including the ability to execute operational objectives on a timely and successful basis; implementation of government frameworks and permitting for carbon capture and storage, hydrogen, ammonia and other lower-emission technologies; timely completion of construction projects; commercial and consumer interest in lower-emissions opportunities; changes in plans or objectives prior to final funding decisions or project startups; unforeseen technical or operational difficulties; and other factors discussed under the heading Factors Affecting Future Results in the Investors section of our website at www.exxonmobil.com. Any forward-looking statement speaks only as of the date of this press release and the companies named herein disclaim any obligation to update any forward-looking statement.
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