American multinational oil and gas corporation ExxonMobil, which is headquartered in Irving, Texas, has increased its participation in the proposed Acorn carbon capture project in Scotland by signing an expression of interest to capture, transport and store CO2 from its Fife Ethylene Plant.
The agreement to include the ethylene plant, located in Mossmorran, Scotland, is in addition to an earlier announced memorandum of understanding to capture and store emissions from gas terminals at the St Fergus complex at Peterhead, Scotland, which includes ExxonMobil’s joint venture gas terminal.
The initial phase of Acorn, which is bidding to be in the first wave of carbon capture clusters to be announced by the UK government, has the potential to deliver more than half of the country’s target of capturing and storing 10 million tpy of CO2 by 2030.
When expanded further, it will have the potential to store more than 20 million tpy of CO2 by the mid-2030s.
“The application of carbon capture and storage technology at the Fife Ethylene Plant demonstrates our commitment to reducing CO2 emissions from the industrial sector,” said Joe Blommaert, president of ExxonMobil Low Carbon Solutions.
These investments, together with ExxonMobil’s participation in the Acorn project, demonstrate a commitment to reducing emissions and to Fife’s future as a competitive asset.
ExxonMobil Low Carbon Solutions is evaluating several other carbon capture and storage projects around the world, including in Rotterdam, the Netherlands; Normandy, France; LaBarge, Wyoming, US; and a world-scale carbon capture and storage hub concept in Houston, Texas, US.
The company has an equity share in approximately one-fifth of global CO2 capture capacity and has captured approximately 40 percent of all the captured anthropogenic CO2 in the world.
For more information visit corporate.exxonmobil.com
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