ExxonMobil Initiates Plan for Expansion of Carbon Capture Capacity in Wyoming, USA
- 25-Oct-2021 4:38 PM
- Journalist: Jacob Kutchner
In a recent announcement made by ExxonMobil it was revealed that the company will be initiating the process for engineering, procurement, and construction (EPC) contracts as a part of its plan to expand carbon capture and storage (CCS) at the company’s La Barge facility in Wyoming, USA. The expansion project will be capturing up to 1 million metric tonnes of carbon dioxide which will be in addition to the already present 7 million tonnes capacity as La Barge annually.
The expansion of the company’s CCS operations at La Barge is a plan under the company’s commitment to advancing CCS projects around the world. The technology related to CCS project is critical to reducing carbon emissions. The facility at La Barge is expected to become operational by 2025 after the investment decision is taken. The announcement for EPC contracts have already been made.
The investment proposed is to the tune of $400 million and is part of the latest expansions at the La Barge CCS facility. The location at La Barge currently captures 20% of all carbon dioxide captured in the world annually. The expansion will further help in mitigating emissions with an additional 1 million metric tonnes emission capture each year.
ExxonMobil is also evaluating several other large scale CCS projects in the US Gulf Coast, Europe, and Asia. The company has an equity share in around one fifth of global carbon capture capacity.
As per ChemAnalyst, “the proposed investment by ExxonMobil in the upcoming CCS facility at La Barge, Wyoming is a part of the company’s global strategy to increase CCS capacity and as the company holds the world’s largest carbon capture capacity, the upcoming project will help the company to remain a market leader in the carbon dioxide market.”