ExxonMobil wants to produce one billion cubic feet of blue hydrogen daily at its integrated refining and petrochemical site in Baytown, Texas, US.
Confirming its ambitions on Tuesday (2nd March), the oil and gas firm it will use the produce hydrogen as a fuel at its Baytown olefins plant, in a move to slash its emissions by up to 30%.
Set to feature what is said to be one of the world’s largest carbon capture and storage projects, the site will have capacity to transport and store up to ten million metric tonnes of carbon dioxide (CO2) annually, doubling ExxonMobil’s currently capacity.
Joe Blommaert, President of ExxonMobil Low Carbon Solutions, said, “Hydrogen has the potential to significantly reduce CO2 emissions in vital sectors of the economy and create valuable, lower-emissions products that support modern life.
“By helping to activate new marks for hydrogen and carbon capture and storage, this project can play an important part in achieving America’s lower-emissions aspirations.”
Already, ExxonMobil produces approximately one and a half billion cubic feet of hydrogen daily, meaning the new site will greatly boost its production rates.
ExxonMobil’s commitment at its Baytown site is part of the company’s commitment to invest more than $15bn on lower-emissions initiatives and look to advance both technology and policy.
Developments at the location will further act as ExxonMobil’s initial contribution to a broad, cross-industry effort to establish a Houston carbon capture and storage hub, with an initial target of approximately 50 million metric tonnes of CO2 by 20230 and 100 million metric tonnes by 2040.