ExxonMobil and Mitsubishi Heavy Industries forge partership to lead the way in carbon capture and storage solutions

ExxonMobil's Senior Vice President of Low Carbon Solutions, Matt Crocker, recently discussed the company's efforts in carbon capture and storage (CCS), hydrogen, and cleaner fuels in a recent appearance on the ARC Energy Ideas podcast. ExxonMobil released a fact sheet outlining comprehensive solutions to reduce CO2 emissions in heavy industries.

According to the fact sheet, ExxonMobil, in collaboration with Mitsubishi Heavy Industries (MHI), offers a comprehensive suite of end-to-end solutions designed to address the pressing challenge of reducing CO2 emissions in heavy industries. This alliance leverages ExxonMobil's extensive experience and core science capabilities with MHI's cutting-edge KM-CDR Process™ liquid amine carbon capture technology. The primary objective of this partnership is to provide fully integrated carbon capture and storage (CCS) solutions that empower industrial and power-generation customers to confidently invest in decarbonization initiatives.ExxonMobil and MHI are committed to advancing CCS technologies and providing scalable solutions while harnessing their complementary expertise and capabilities to effectively serve the needs of industrial and power-generation customers.

"We see a huge opportunity potential to deploy these technologies and we need to see that happen on an ever-increasing scale,” said Matt Crocker on the ARC Energy Ideas podcast, according to a press release.

The fact sheet highlights that the urgency to decarbonize the industrial and power-generation sectors has never been greater, with CCS technologies emerging as among the most viable and scalable large-scale solutions available today. ExxonMobil's Low Carbon Solutions division takes the lead in delivering these integrated CCS solutions. A notable benefit of this collaboration is the adoption of MHI's liquid amine carbon capture technology, a proven CO2 capture system that has been commercially demonstrated at capacities exceeding 1 million metric tons per year, according to the fact sheet.

“There needs to be a carbon-based market where consumers and companies are willing to pay some level of premium to reduce carbon,” said Matt Crocker on the podcast.