ExxonMobil disclosed that it has made a final investment decision to expand carbon capture and storage at its LaBarge, Wyoming facility.
The company elaborated this facility has captured more CO2 than any other in the world to date. It is expected that after expansion the facility will capture up to 1.2 million metric tons of CO2. They added that this will be in addition to the 6-7 million metric tons captured at LaBarge each year.
This amount of captured CO2 will reduce greenhouse gas emissions produced from the company’s upstream operated emissions by 3%. Additionally, the LaBarge facility currently captures nearly 20% of all human-made CO2 captured in the world each year.
On this occasion, Joe Blommaert, president of ExxonMobil Low Carbon Solutions, said “Carbon capture and storage is a readily available technology that can play a critical role in helping society reduce greenhouse gas emissions. By expanding carbon capture and storage at LaBarge, we can reduce emissions from our operations and continue to demonstrate the large-scale capability for carbon capture and storage to address emissions from vital sectors of the global economy, including industrial manufacturing.”
ExxonMobil added that the front-end engineering and design work for the project was completed in December 2021 and it expects to issue the engineering, procurement, and construction (EPC) contract in March 2022.
The project will start operation in 2025 subject to regulatory approvals.