Low Carbon Solutions

Advancing solutions for a lower-emissions energy future

Since formally launching ExxonMobil’s Low Carbon Solutions business in early 2021, we have significantly grown the pipeline of emission-reduction opportunities in carbon capture and storage, hydrogen, and lower-emission fuels. Low Carbon Solutions helps lower society’s greenhouse gas emissions by providing solutions in growing markets for carbon capture and storage, hydrogen, and biofuels.

By fully capturing the benefits of scale and integration, and leveraging synergies across our business, we strive to play a leading role in the energy transition, bringing to bear these advantages while retaining investment flexibility across a portfolio of evolving opportunities to grow shareholder value.

Read more about Low Carbon Solutions in our 2023 Advancing Climate Solutions Progress Report

Scaling up solutions

Carbon capture and storage

Carbon capture and storage is proven to enable a significant reduction in CO² emissions from sectors that are both high-emitting and hard to decarbonize, such as power generation and heavy industries, including manufacturing, refining, steel, cement, and petrochemical industries. Carbon capture and storage can capture more than 90% of CO² emissions from power plants and industrial facilities.¹ We are advancing plans for multiple new carbon capture and storage opportunities around the world to enable large-scale emission reductions, and we recently signed the largest-of-its-kind commercial agreement to capture and permanently store up to 2 million metric tons of CO² emissions annually for CF Industries in Louisiana.

Read more about carbon capture and storage

Hydrogen

As a zero-carbon energy carrier, hydrogen could be an affordable and reliable source of energy for hard-to-decarbonize industrial processes, as well as heavy-duty trucking.² We produce about 1.3 million metric tons of hydrogen annually, but we announced a blue hydrogen production plant at Baytown, Texas that would produce nearly 1 million metric tons of hydrogen annually, which would increase our capacity by more than 65%. Internationally, we are looking into large-scale production of blue hydrogen for the Rotterdam industrial complex, have provided funding to Hydrogen4EU, and signed a memorandum of understanding with SGN and Macquarie’s Green Investment Group so that we can explore the use of hydrogen and carbon capture in reducing CO² emissions in England’s Southampton industrial cluster. Additionally, we are participating in cross-industry initiatives to identify the technology advancements and government policies required to deploy low-carbon hydrogen at scale.

Lower-emission fuels

Lower-emission fuels have the high energy density required to meet the needs of commercial transportation. We are working to supply about 40,000 barrels a day of lower-emission fuel by 2025 and 200,000 barrels per day by 2030, which will reduce more than 25 million metric tons of CO²-equivalent emissions annually from the transportation sector.³ Our focus is on growing lower-emission fuels by utilizing current technology and infrastructure while continuing to research advanced biofuels that could offer enhanced long-term solutions.

Advancing Climate Solutions Progress Report

The Advancing Climate Solutions Progress Report explains our company’s approach to reducing greenhouse gas emissions, with the goal of obtaining net-zero emissions by 2050.

Read more in our 2023 Advancing Climate Solutions Progress Report