Climate solutions Energy and innovation Sustainability Operations News Investors About Global Carbon capture Article Nov. 15, 2018 Cleaner power: reducing emissions with carbon capture and storage For more than 30 years, ExxonMobil engineers and scientists have researched, developed and applied technologies that could play a role in the widespread deployment of carbon capture and storage. IN THIS ARTICLE Research opportunities with CCS The carbon capture and storage process Research opportunities with CCS Achieving meaningful reductions in greenhouse gas emissions will require a wide range of solutions, and ExxonMobil believes that carbon capture and storage (CCS) has the potential to play an important role. CCS is the process by which carbon dioxide from power-plant and other industrial activities that would otherwise be released into the atmosphere is captured, compressed and injected into underground geologic formations for safe, secure and permanent storage. The Intergovernmental Panel on Climate Change estimates that fossil fuel power plants and large industrial facilities account for as much as 60 percent of global carbon emissions. Thus, the broad-based deployment of cost-effective carbon capture and storage would potentially make a massive impact on the world’s greenhouse gas levels. The greatest opportunity for future large-scale deployment of CCS may be in the natural gas-fired power generation sector. While CCS technology can be applied to coal-fired power generation, the cost to capture CO2 is about twice that of natural gas power generation. In addition, because coal-fired power generation creates about twice as much CO2 per unit of electricity generated, the geological storage space required to store the CO2 produced from coal-fired generation is double that required for gas-fired generation. In 2017, ExxonMobil captured 6.6 million metric tons of CO2 for storage – the equivalent of eliminating the annual greenhouse gas emissions of more than 1 million passenger vehicles. ExxonMobil is leveraging this expertise to conduct proprietary, fundamental research to develop breakthrough carbon capture technologies with an aim to reduce complexity, lower the cost and ultimately encourage wide-spread global deployment of this crucial technology. The carbon capture and storage process carbon capture PNG/0.06 MB Step 1: Capturing CO2 Step 2: The transportation process Step 3: Injection and storage ExxonMobil is also developing sub-surface CO2 storage capability by leveraging decades of experience in the exploration, development and production of hydrocarbon resources. This expertise is key to permanently storing CO2 deep underground in a safe and secure fashion. For example, we are collaborating with leading universities around the world to better characterize subsurface storage capacity and develop improved CO2 monitoring technologies and techniques. Related content Rock solid: A top engineer talks carbon storage safety Carbon capture and storage (CCS) is a technology that safely captures CO2 at industrial sources, transports it and injects it permanently deep into the earth, diverting it from the atmosphere and limiting the impact it has on the environment. Large-scale carbon capture opportunities are in the works around the world, from Houston to Rotterdam to Singapore. Carbon capture Energy Factor • Nov. 18, 2021 Why we’re investing $15 billion in a lower-carbon future At ExxonMobil, we develop and deploy solutions that meet society’s needs. Today, that means taking a leading role in providing the products that enable modern life, reducing carbon emissions and developing needed technologies to advance a lower-carbon emissions future. Carbon capture Blog • Nov. 9, 2021 A model for emissions reductions: Asia’s carbon capture and storage opportunity Joe Blommaert, president of ExxonMobil Low Carbon Solutions, delivered the keynote address on the conference’s opening day, outlining how collaborative approaches among government, academia and industry could help reduce emissions and achieve the Paris Agreement goals, even as the world – in particular the Asia-Pacific region – increases its energy use and demand for products that support modern life. Carbon capture Energy Factor • Oct. 26, 2021 Capturing carbon around the world With more than three decades of experience in utilizing existing CCS technologies and exploring new ones, ExxonMobil is progressing CCS deployment through a variety of projects and partnerships across the globe. Here’s a look at the company’s global carbon capture and storage technology footprint. Carbon capture Energy Factor • Oct. 26, 2021 C is for Capture, S is for Storage Climate change is one of the most pressing issues facing society today, and capturing and storing CO2 emissions is essential to addressing its impact. Carbon capture Sept. 23, 2021 Seven things to know about carbon capture and storage technology When it comes to technology that’s essential to reducing industrial CO2 emissions, all eyes are on carbon capture and storage, or CCS. Carbon capture Energy Factor • Sept. 14, 2021 Careers Newsroom Investors Contact us Energy Factor Do not sell my personal information Privacy center Privacy policy Terms and conditions © Copyright 2003-2021 Exxon Mobil Corporation. All Rights Reserved. By clicking “Accept all cookies”, you agree to the storing of optional cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. If you wish to adjust your cookie settings, please click “Customize Cookies”. 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