Together with Mitsubishi Heavy Industries (MHI), ExxonMobil is offering industrial customers an end-to-end carbon capture and storage (CCS) solution that incorporates MHI’s top CO2 capture technology.
The joint effort combines ExxonMobil’s and MHI’s years of expertise in the industry and strengthens the companies’ ability to provide customers with solutions that will help advance a lower carbon future. By working together, the businesses will give industrial clients the assurance that their CCS projects will be successfully planned, constructed, and managed.
With the help of The Kansai Electric Power Co., Inc. (KEPCO), the firms have agreed to use their combined operating, engineering, and core science expertise to enhance carbon capture technologies that could lower the cost of CO2 collection for heavy-emitting industrial clients. The collaborative effort will build on the KM CDR Process® and Advanced KM CDR Process®, which were created by MHI and KEPCO and are the only commercially viable liquid amine carbon capture technologies at more than 1 million metric tonnes per year.
“We’re excited to offer our large industrial customers the only complete carbon capture, transportation, and storage solution in the market,” said Dan Ammann, president of ExxonMobil Low Carbon Solutions. “Adding Mitsubishi Heavy Industries’ leading carbon capture technology to ExxonMobil’s transportation and storage capabilities enables this compelling offering.”
ExxonMobil has more than 30 years of experience capturing and transporting CO2 and safely injecting it into geological formations. Mitsubishi Heavy Industries is the world’s largest licensor of post-combustion CO2 capture technology and has been developing it for more than three decades. The company’s record includes 14 commercial CO2 capture plants already delivered worldwide.
“Carbon capture and storage technology and innovation are critical to our path to net zero,” said Kenji Terasawa, president and CEO, of Mitsubishi Heavy Industries Engineering, Ltd. “As an expert in advanced engineering, MHI is committed to leading the way in achieving decarbonization goals through strategic collaboration and investments in new technologies. We look forward to partnering with ExxonMobil to continue advancing carbon capture technologies to provide essential carbon neutrality solutions for various industries.”
Over the past 20 years, ExxonMobil and MHI have collaborated to construct large-scale petrochemical operations in Baytown, Corpus Christi, and Singapore. The companies’ dedication to creating answers for the energy transition on their paths to net zero is continued by this CCS partnership.
In order to create a carbon-neutral future and reach its net zero aspirations within its own operations by 2040, MHI Group announced “MISSION NET ZERO” last year and is dedicated to creating an innovative solutions ecosystem. In order to realize a carbon-neutral future and its net zero ambitions within its own operations by 2040, MHI Group announced “MISSION NET ZERO” last year. To this end, the company is dedicated to creating an ecosystem of cutting-edge solutions.
With the help of recent agreements with major international producers of nitrogen and hydrogen products in Louisiana, ExxonMobil Low Carbon Solutions is aiming to commercialize lower-emission technologies and make them available to hard-to-decarbonize businesses.