Climate solutions

Carbon capture and storage

ExxonMobil is the leader in carbon capture, with current carbon capture capacity totaling about 9 million tons per year.

ccs development

What is carbon capture and storage?

Carbon capture and storage (CCS) is the process of capturing CO 2 that would otherwise be released into the atmosphere from industrial activity, and injecting it into deep geologic formations for safe, secure and permanent storage. The United Nations Intergovernmental Panel on Climate Change and the International Energy Agency agree that CCS is one of the most important low-carbon technologies required to achieve societal climate goals at the lowest cost. CCS is also one of the only technologies that could enable some industry sectors to decarbonize, including the refining, chemicals, cement and steel sectors. Learn more about CCS at ExxonMobil

Carbon capture and storage could help reduce CO 2 in emission-intensive industries. See how it works.

"With our demonstrated leadership in carbon capture and emissions reduction technologies, ExxonMobil is committed to meeting the demand for affordable energy while reducing emissions and managing the risks of climate change."

Critical technology

The International Energy Agency calls carbon capture and storage one of the critical technologies required to achieve net-zero emissions and the climate goals outlined in the Paris Agreement.

120M metric tons of CO 2

ExxonMobil has cumulatively captured more CO 2 than any other company – 120 million metric tons – accounting for approximately 40 percent of all the anthropogenic CO 2 that has ever been captured.

Climate solutions

CCS in action

Learn more about how ExxonMobil is advancing several carbon capture and storage opportunities around the world to help support our commitment to the Paris Agreement. Learn more

Key policy actions needed to scale up carbon capture and storage

Carbon capture and storage is one of the few proven technologies with the potential to significantly reduce emissions from certain hard-to-decarbonize sectors, such as manufacturing and heavy industry. However, new policies are needed to spur the investment required to deploy CCS at such a pace and scale. Here are the key and immediate actions required to continue moving forward:

  • Enhance the CCS Production Tax Credit (45Q) for non-EOR (enhanced oil recovery)

    • Initially increase value to ~$100 per metric ton from current $50
    • Extend eligibility period to 30 years from current 12 years
    • Eliminate deadline for starting construction

  • Ensure government approval for CO 2 storage

    • Specifically allow offshore storage of CO 2 from sources other than coal
    • Authorize the Bureau of Ocean Energy Management to issue leases, rights of way and pore space
    • Clarify that the U.S. Environmental Protection Agency has authority for permitting CO 2 injection in subsea formations

  • Provide financial support for CCS infrastructure

    • Provide a $10 billion grant to help develop infrastructure in Houston by extending current U.S. Department of Energy programs beyond research, development and demonstration (RD&D)
    • Expand the U.S. Department of Energy Title XVII program to include the deployment of existing CCS technologies at scale
    • Amend TIFIA (Transportation Infrastructure Finance and Innovation Act) to add CCS projects, or create a program dedicated to CCS

All articles about carbon capture and storage

ExxonMobil, Mitsubishi Heavy Industries form carbon capture technology alliance IRVING, Texas – ExxonMobil and Mitsubishi Heavy Industries (MHI) have joined forces to deploy MHI’s leading CO 2 capture technology as part of ExxonMobil’s end-to-end carbon capture and storage (CCS) solution for industrial customers.

Newsroom News Nov. 29, 2022

ExxonMobil and Pertamina advance regional carbon capture and storage project in Indonesia IRVING, Texas – ExxonMobil and Pertamina, the state-owned energy company for Indonesia, have signed a Heads of Agreement at the G20 Summit in Bali to further progress their previously announced regional carbon capture and storage hub for domestic and international CO 2 .

Newsroom News Nov. 12, 2022

Landmark emissions-reduction project in Louisiana announced; CF Industries, ExxonMobil, EnLink Midstream to collaborate IRVING, Texas – CF Industries, a leading global manufacturer of hydrogen and nitrogen products, has entered into the largest-of-its-kind commercial agreement with ExxonMobil to capture and permanently store up to 2 million metric tons of CO 2 emissions annually from its manufacturing complex in Louisiana. Start-up for the project is scheduled for early 2025 and supports Louisiana’s objective of net zero CO 2 emissions by 2050.

Climate solutions News Oct. 12, 2022

A small community with a big role Louisianans know Pecan Island as a place to go fishing and enjoy the prairie marshes along the U.S. Gulf Coast. But this small community in Vermilion Parish has an exciting role to play in supporting the state’s energy future and its ambition to get to net-zero emissions by 2050.

Carbon capture Energy Factor Oct. 12, 2022

ExxonMobil, CNOOC and Shell to pursue carbon capture and storage hub in China IRVING, Texas – ExxonMobil, Shell, CNOOC, and Guangdong Provincial Development & Reform Commission have signed a Memorandum of Understanding to evaluate the potential for a world-scale carbon capture and storage project to reduce greenhouse gas emissions at the Dayawan Petrochemical Industrial Park in Huizhou, Guangdong Province, China.

Newsroom News June 27, 2022