Exxon continues to expand its carbon capture and storage portfolio with a new deal with CF Industries.
Exxon this week sealed its fourth carbon capture and storage deal, this time with ammonia producer CF Industries. Under the deal, Exxon will capture and store half a million tons of carbon dioxide from a CF Industries facility in Mississippi, starting in 2028. The deal will enable CF Industries to reduce emissions from the site by 50%, the supermajor said.
The target company owned and operated a pipeline network for transporting carbon dioxide. Besides that acquisition, Exxon has also signed three more deals for carbon capture and storage, one with CF Industries, one with industrial gas makers Linde, and one with steelmaker Nucor. Earlier this year Exxon also said it had teamed up with Shell to develop carbon capture and storage solutions for Singapore.
Carbon Capture Storage CCS CF Industries Ammonia Emissions Climate Change Investment Clean Energy
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