ExxonMobil And Mitsubishi Heavy Industries Form Carbon Capture Technology Alliance

CCUS Could Be A Big Part Of ExxonMobil Reaching Net-Zero By 2050 And MHI Achieving Net-Zero By 2040

ExxonMobil and Mitsubishi Heavy Industries (MHI) have agreed to leverage their combined operating and engineering experience and core science capabilities with the support from Kansai Electric Power Co. Inc. (KEPCO) to advance carbon capture technologies that could reduce the cost of carbon dioxide (CO2) capture for heavy-emitting industrial customers. The joint effort will build upon KM CDR Process and Advanced KM CDR Process, developed by MHI and KEPCO. According to the companies, this is the only liquid amine carbon capture technology commercially demonstrated at greater than 1.1 million tons (1 million 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 MHI’s 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 injecting it into geological formations. MHI 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.

ExxonMobil and MHI have worked together to build petrochemical plants over the past two decades in Baytown and Corpus Christi, Texas, and Singapore. The carbon capture, utilization, and storage (CCUS) partnership continues the companies’ commitment to developing solutions for the energy transition on their paths to net zero.

MHI Group declared “Mission Net Zero” last year. The company has committed to building an innovative solutions ecosystem to realize a carbon-neutral future and achieve its net-zero ambitions within its own operations by 2040. This includes strengthening its decarbonization technology offerings, such as developing a CCUS value chain and advancing hydrogen solutions.

ExxonMobil Low-Carbon Solutions is working to bring lower-emissions technologies to market, making them accessible to hard-to-decarbonize industries, including its recent agreement with a global manufacturer of nitrogen and hydrogen products in Louisiana. It is focusing its CCUS efforts on point-source emissions, the process of capturing CO2 from industrial activity that would otherwise be released into the atmosphere. Once captured, the CO2 is injected into deep, underground geologic formations for safe, secure, and permanent storage.