ExxonMobil has signed its fourth carbon capture and storage agreement with a major industrial customer, marking another milestone in its leadership in this crucial emissions-reduction technology.
Under the new agreement, ExxonMobil will transport and permanently store up to 500,000 metric tons per year of captured CO2 from CF Industries’ complex in Yazoo City, Mississippi. This facility produces nitrogen products for agricultural fertilizer and other essential products. The project aims to reduce the site’s CO2 emissions by approximately 50 percent, with a startup planned for 2028.
With this agreement, the total CO2 ExxonMobil has committed to storing for customers reaches up to 5.5 million MTA. This amount is equivalent to replacing around 2 million gasoline-powered cars with electric vehicles, surpassing the total number of EVs sold in the United States in 2023. No other company has announced CCS commitments of this magnitude.
Dan Ammann, president of ExxonMobil Low Carbon Solutions, stated, “We’re serious about expanding carbon capture – a safe, proven solution for hard-to-decarbonize industries. Our agreement with CF Industries is the latest example of how we can help industrial customers make significant progress, quickly and economically.”
This partnership marks ExxonMobil’s second CCS project with Illinois-based CF Industries and its first in Mississippi. Former governor Haley Barbour noted in a recent op-ed that carbon capture can support the state’s economic growth while reducing emissions.
Through these initiatives, ExxonMobil continues to demonstrate its commitment to advancing CCS technology and helping industries achieve substantial emissions reductions.
For more information visit www.exxonmobil.com
