ExxonMobil Awards FEED for World’s Largest Low-Carbon Hydrogen Facility
30 Gennaio 2023 - 02:30PM
Business Wire
- Project targets 1 billion cubic feet of low-carbon hydrogen per
day, while capturing more than 98% of associated CO2 emissions
- Offtake agreements under discussion with third party
customers
- Up to 30% reduction in Scope 1 and 2 emissions at Baytown
integrated complex
ExxonMobil announced the next step in the development of the
world’s largest low-carbon hydrogen production facility with a
contract award for front-end engineering and design (FEED). A final
investment decision for the project is expected by 2024, subject to
stakeholder support, regulatory permitting, and market
conditions.
ExxonMobil’s Baytown low-carbon hydrogen, ammonia and carbon
capture facility is expected to produce one billion cubic feet of
low-carbon hydrogen per day, making it the largest low-carbon
hydrogen project in the world at planned startup in 2027-2028.
More than 98% of the associated CO2 produced by the facility, or
around 7 million metric tons per year, is expected to be captured
and permanently stored. The carbon capture and storage network
being developed for the project will be made available for use by
third-party CO2 emitters in the area in support of their
decarbonization efforts.
“This project allows us to offer significant volumes of
low-carbon hydrogen and ammonia to third party customers in support
of their decarbonization efforts,” said Dan Ammann, president of
ExxonMobil Low Carbon Solutions. “In addition, the project is
expected to enable up to a 30% reduction in Scope 1 and 2 emissions
from our Baytown integrated complex, by switching from natural gas
as a fuel source to low-carbon hydrogen.”
ExxonMobil will pair the world’s largest low-carbon hydrogen
facility with the largest olefins plant in the United States to
deliver more sustainable, lower-emissions products for customers
and society.
ExxonMobil has awarded the contract to Technip Energies who will
be responsible for the next stage of front-end engineering and
design of the low-carbon hydrogen project.
About ExxonMobil
ExxonMobil, one of the largest publicly traded international
energy and petrochemical companies, creates solutions that improve
quality of life and meet society’s evolving needs.
The corporation’s primary businesses - Upstream, Product
Solutions and Low Carbon Solutions - provide products that enable
modern life, including energy, chemicals, lubricants, and
lower-emissions technologies. ExxonMobil holds an industry-leading
portfolio of resources, and is one of the largest integrated fuels,
lubricants and chemical companies in the world.
In 2021, ExxonMobil announced Scope 1 and 2 greenhouse gas
emission-reduction plans for 2030 for operated assets, compared to
2016 levels. The plans are to achieve a 20-30% reduction in
corporate-wide greenhouse gas intensity; a 40-50% reduction in
greenhouse gas intensity of upstream operations; a 70-80% reduction
in corporate-wide methane intensity; and a 60-70% reduction in
corporate-wide flaring intensity.
With advancements in technology and the support of clear and
consistent government policies, ExxonMobil aims to achieve net-zero
Scope 1 and 2 greenhouse gas emissions from its operated assets by
2050. To learn more, visit exxonmobil.com, the Energy Factor, and
ExxonMobil’s Advancing Climate Solutions.
Follow us on Twitter and LinkedIn.
Cautionary Statement
Statements of future events, investments, or partnerships in
this release are forward-looking statements. Actual future results,
including project plans, partner participation, timing, capacities,
and costs could differ materially depending on a number of factors
including the ability to execute operational objectives on a timely
and successful basis; implementation of government frameworks and
permitting for carbon capture and storage, hydrogen, ammonia and
other lower-emission technologies; timely completion of
construction projects; commercial and consumer interest in
lower-emissions opportunities; changes in plans or objectives prior
to final funding decisions or project startups; unforeseen
technical or operational difficulties; and other factors discussed
under the heading Factors Affecting Future Results in the Investors
section of our website at www.exxonmobil.com. Any forward-looking
statement speaks only as of the date of this press release and the
companies named herein disclaim any obligation to update any
forward-looking statement.
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