ExxonMobil is now part of Scotland’s landmark carbon capture and storage (CCS) project, which hopes to capture and store approximately five to six million tonnes of carbon dioxide (CO2) annually by 2030.
Confirming its participation in the Acorn project on Friday (16th July), ExxonMobil said it will help the alliance explore the potential of technology-riven solutions to reduce emissions in the country.
As well as the CCS project, the multinational oil and gas company has also joined NECCUS, an alliance of industry, government and academic experts committed to reducing carbon emissions from industrial facilities in Scotland.
On its commitments, Joe Blommaert, President of Low Carbon Solutions at ExxonMobil, said, “ExxonMobil has more than 30 years’ experience in CCS technology and is advancing plans for multiple new CCS opportunities around the world.”
“We are pleased to support the Acorn Project in the deployment of CCS, one of the most important technologies required to achieve society’s climate goals.”
He added, “Our membership in NECCUS and our involvement with Acorn underscores our commitment to addressing the dual challenge of meeting the world’s energy needs while reducing emissions from our operations.”
In March, ExxonMobil established a Low Carbon Solutions business to commercialize low-emission technologies. It is initially focusing on CCS and injecting it into deep underground geologic formations for safe, secure and permanent storage.