The partnership reinforces the companies’ capabilities to reach “a lower-carbon future” by advancing carbon capture technologies with hopes to reduce the cost of CO₂ capture for heavy-emitting industrial enterprises, Exxon Mobil said in a release. (Source: Shutterstock.com)
Exxon Mobil Corp. will use Mitsubishi Heavy Industries’ CO₂ capture technology in carbon capture and storage (CCS) solutions for customers, Exxon Mobil announced Nov. 29.
The two companies will be combining their own operating and engineering experience and core science capabilities together. Doing so reinforces the companies’ capabilities to reach “a lower-carbon future” by advancing carbon capture technologies with hopes to reduce the cost of CO₂ capture for heavy-emitting industrial enterprises, the Texas-based oil major said.
Mitsubishi Heavy Industries has leading carbon capture technology as the largest licensor of post-combustion CO₂. Combined with Exxon Mobil’s transportation and storage capabilities from its more than 30 years of experience capturing, transporting and injecting into geological formations CO₂, industrial customers will now have access to the only complete carbon capture, transportation and storage solution available, said Dan Amman, president of ExxonMobil Low Carbon Solutions, in a company release.
With this collaboration, both companies are building upon their already ongoing decarbonization strategies.
ExxonMobil Low Carbon Solutions is focusing on bringing its CCS efforts on point-source emissions to market to be accessible to hard-to-decarbonize industries. MHI Group’s declaration of “Mission Net Zero” involves 14 commercial CO₂ capture plants and developing a carbon capture, utilization and storage (CCUS) value chain.
The joint effort will be supported by The Kansai Electric Power Co. Inc. (KEPCO). It will build upon MHI and KEPCO’s KM CDR Process and Advanced KM CDR Process. It is the only liquid amine carbon capture technology commercially demonstrated at more than 1 million metric tons annually, according to the release.
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