|
|
|
|
|
|
- ExxonMobil adds Mitsubishi Heavy Industries' carbon capture technology to its integrated CCS offering
- Companies bring complementary capabilities to facilitate industry decarbonization projects
- Agreement will advance next-generation carbon capture technologies |
TOKYO, Nov 30, 2022 - (JCN Newswire) - ExxonMobil and Mitsubishi Heavy Industries (MHI) have joined forces to deploy MHI's leading CO2 capture technology as part of ExxonMobil's end-to-end carbon capture and storage (CCS) solution for industrial customers.
The joint effort combines ExxonMobil's and MHI's years of expertise in the industry and strengthens the companies' ability to provide customers with solutions that will help advance the energy transition. By working together, the companies will provide industrial customers with the confidence that their CCS projects will be designed, built and executed effectively.
The companies have agreed to leverage their combined operating and engineering experience and core science capabilities with the support from The Kansai Electric Power Co., Inc. (KEPCO) to advance carbon capture technologies that could reduce the cost of CO2 capture for heavy-emitting industrial customers. The joint effort will build upon KM CDR Process and Advanced KM CDR Process, developed by MHI and KEPCO, the only liquid amine carbon capture technology commercially demonstrated at greater than 1 million metric tons per year.
"We're excited to offer our large industrial customers the only complete carbon capture, transportation and storage solution in the market," said Dan Ammann, president of ExxonMobil Low Carbon Solutions. "Adding Mitsubishi Heavy Industries' leading carbon capture technology to ExxonMobil's transportation and storage capabilities enables this compelling offering."
ExxonMobil has more than 30 years of experience capturing and transporting CO2 and safely injecting it into geological formations. Mitsubishi Heavy Industries is the world's largest licensor of post-combustion CO2 capture technology and has been developing it for more than three decades. The company's record includes 14 commercial CO2 capture plants already delivered worldwide.
"Carbon capture and storage technology and innovation are critical to our path to net zero," said Kenji Terasawa, president and CEO, Mitsubishi Heavy Industries Engineering, Ltd. "As an expert in advanced engineering, MHI is committed to leading the way in achieving decarbonization goals through strategic collaboration and investments in new technologies. We look forward to partnering with ExxonMobil to continue advancing carbon capture technologies to provide essential carbon neutrality solutions for various industries."
ExxonMobil and MHI have worked together to build world-scale petrochemical plants over the past two decades in Baytown, Corpus Christi and Singapore. This CCS partnership continues the companies' commitment to developing solutions for the energy transition on their paths to net zero.
MHI Group declared "MISSION NET ZERO" last year and is committed to building an innovative solutions ecosystem to realize a carbon-neutral future and achieve its net zero ambitions within its own operations by 2040. This includes strengthening its decarbonization technology offerings, such as developing a CCUS (Carbon Capture, Utilization and Storage) value chain and advancing hydrogen solutions.
ExxonMobil Low Carbon Solutions is working to bring lower-emission technologies to market, making them accessible to hard-to-decarbonize industries, including its recent agreement with a leading global manufacturer of nitrogen and hydrogen products in Louisiana. It is focusing its carbon capture and storage efforts on point-source emissions, the process of capturing CO2 from industrial activity that would otherwise be released into the atmosphere. Once captured, the CO2 is injected into deep, underground geologic formations for safe, secure and permanent storage.
About ExxonMobil
ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society's evolving needs.
The corporation's primary businesses - Upstream, Product Solutions and Low Carbon Solutions - provide products that enable modern life, including energy, chemicals, lubricants, and lower-emissions technologies. ExxonMobil holds an industry-leading portfolio of resources, and is one of the largest integrated fuels, lubricants and chemical companies in the world. To learn more, visit exxonmobil.com and the Energy Factor. Follow us on Twitter and LinkedIn.
About MHI Group
Mitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.
Cautionary Statement: Statements of future events, investments, or partnerships in this release are forward-looking statements. Actual future results, including project plans, partner participation, timing, capacities, and costs could vary depending on the ability to execute operational objectives on a timely and successful basis; implementation of government frameworks and permitting for carbon capture and storage and other lower-emission technologies; timely completion of construction projects; commercial and consumer interest in lower-emissions opportunities; changes in plans or objectives prior to final funding decisions or project startups; unforeseen technical or operational difficulties; and other market factors. Any forward-looking statement speaks only as of the date of this press release and the companies named herein disclaim any obligation to update any forward-looking statement.
Topic: Press release summary
Source: Mitsubishi Heavy Industries, Ltd. / ExxonMobil
Sectors: Energy, Alternatives, Oil & Gas
http://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
| Mitsubishi Heavy Industries, Ltd. |
| Dec 13, 2024 15:31 HKT/SGT |
|
MHI Group Issues its "SUSTAINABILITY DATABOOK 2024" |
| Dec 12, 2024 15:47 HKT/SGT |
|
MHI's Automated Picking Solution Utilizing Sigma Synx Fully Implemented at Kirin Group's Ebina Logistics Center, the First Such System in Japan |
| Dec 3, 2024 12:12 HKT/SGT |
|
MHI Thermal Systems Receives Minister of the Environment Award for Climate Action 2024 |
| Dec 3, 2024 07:30 HKT/SGT |
|
Macau LRT Seac Pai Van and Hengqin Extension Lines Begin Commercial Operations |
| Dec 2, 2024 11:55 HKT/SGT |
|
MHI Receives Order to Supply 24 MOX Fuel Assemblies for Unit 3 of Ikata Nuclear Power Station, Shikoku Electric Power Co. Inc. |
| Dec 2, 2024 11:21 HKT/SGT |
|
MHI Receives Order from Taiwan High Speed Rail Corporation for Trackwork and Core System for New Rolling Stock Inspection Shop in Zuoying Depot |
| Nov 29, 2024 18:11 HKT/SGT |
|
Launch of Demonstration Test for CO2 Capture from Chemical Recovery Boilers at Paper Mills in Japan |
| Nov 28, 2024 19:58 HKT/SGT |
|
MHI Successfully Achieves 1,200 Hour Long-Term Durability Test Milestone on 90 MPa-Class Ultra-High-Pressure Liquid Hydrogen Booster Pump |
| Nov 28, 2024 09:08 HKT/SGT |
|
MHI Delivers Final Trainset of Automated Guideway Transit System "2020 Series" to Saitama New Urban Transit |
| Nov 25, 2024 13:18 HKT/SGT |
|
MHI Thermal Systems Receives Order from Aisan Industry for Aquifer Thermal Energy Storage System for Its New Anjo Plant |
| More news >> |
 |
|
|
|
