Reducing carbon emissions
CCS is the process by which carbon dioxide from power-plant combustion and other industrial sources that would otherwise be released into the atmosphere is captured, compressed and injected into underground geologic formations for safe, secure and permanent storage.
ExxonMobil is working to develop new CO2 capture technologies with a goal of reducing costs, complexity of operation and need for large initial capital allocations. For example, ExxonMobil and FuelCell Energy, Inc., have partnered to develop CO2 capture technologies using carbonate fuel cells. These novel approaches have the potential to be less costly and easier to operate than existing technologies, while being deployable in a modular fashion with applicability to multiple industry settings.
ExxonMobil is also developing sub-surface CO2 storage capability by leveraging decades of experience in the exploration, development, and production of hydrocarbon resources. This expertise is key to permanently storing CO2 deep underground in a safe and secure fashion.