Big industries, big solutions
ExxonMobil knows industry. About two-thirds of the products we make are used by commercial and industrial companies – including electric utilities, trucking and other commercial transportation, and heavy industries like steel and cement. And of course, we’re an industrial company ourselves.
Reducing emissions from industry will be key to meeting society’s climate goals. That’s why we’re scaling up carbon capture and storage, and the next generation of industrial fuels – like hydrogen – which can help industries reduce emissions while continuing to provide essential products for the world.
These are more than emissions solutions; they’re the foundations of potential new industries focused on carbon reduction – and ExxonMobil is positioned to help lead the way.
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" We’re intensely focused on helping to accelerate the world’s path to net zero by making that path economically viable, and executable at a scale that matters. "
Dan Ammann
President, Low carbon solutions
Our carbon capture and storage network just got a lot bigger
With our acquisition of Denbury Inc., ExxonMobil has significantly expanded our carbon capture and storage (CCS) network in the U.S. – giving us even more options to economically reduce carbon dioxide (CO2) emissions for key U.S. industries. Our combined assets now include:
- More than 1,500 miles of CO2 pipeline owned and operated – largest network in the U.S.
- Access to more than 15 onshore sites for CO2 storage
- The potential to reduce CO2 emissions by > 100 million metric tons a year
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Our solutions
Enabling low-carbon ammonia: our landmark agreement with CF Industries
CF Industries will eliminate up to 2 million metric tons per year of its CO2 emissions by utilizing ExxonMobil’s CCS services in Louisiana. That’s equivalent to replacing approximately 700,000 gasoline-powered cars with electric vehicles.
Let’s keep economies humming with fewer emissions
Most of the world’s CO2 emissions comes from the industrial, power, and commercial transportation sectors that support modern life and economic growth. From steelmaking to shipping, ExxonMobil is scaling up solutions that can help these industries – including our own – reduce emissions while still meeting demand for their products and services. These solutions include hydrogen, carbon capture and storage, and advanced biofuels.
View the sectors below to learn more.
Note: Data in this illustration are sourced from the International Energy Agency and ExxonMobil Outlook for Energy.
Iron and steel account for ~8% of global direct CO2 emissions, partly due to the use of coal in blast furnaces.
Carbon capture could reduce CO2 emissions from steelmaking by more than 70%, by capturing the CO2 and storing it safely underground.
Hydrogen could reduce emissions by up to 80% compared to coal.
Natural gas is another low-carbon option for steel, as it emits up to 60% less CO2 than coal.
Power generation accounts for ~40% of global energy-related CO2 emissions – the largest of any sector. Wind and solar is playing a big role, but achieving net zero in the power sector will require even more solutions to manage the intermittent nature of these renewable sources.
Natural gas emits up to 60% less CO2 than coal when used to make power
Carbon capture can help gas-powered facilities cut emissions even further
Hydrogen is emerging as a potential low-carbon fuel option for power
Advanced biofuels can reduce transportation emissions without requiring changes to engines or fueling infrastructure.
Hydrogen-based fuels, including ammonia, are emerging as an emissions solution for both road and marine transportation.
Products that improve efficiency also can reduce emissions. These include high-quality fuels, lightweight plastics, and high-performance lubes and greases.
The cement industry accounts for ~7% of global direct CO2 emissions , due to the use of coal and to the CO2 naturally released during the calcination process.
Carbon capture can prevent CO2 released during calcination from reaching the atmosphere.
Hydrogen can provide required heat levels while emitting no CO2 at its point of use
Natural gas is another option, emitting up to 60% less CO2 than coal.
Modern life is supported by other energy-intensive industries that make materials like fuel, fertilizer, chemicals, aluminum and glass.
Carbon capture lets these industries continue using their fuel of choice while eliminating >90% of CO2 emissions.
Hydrogen provides the heat and energy they need but emits only water at point of use.
Another option is natural gas, which emits up to 60% less CO2 than coal.
" I think we can really help decarbonize the world using both our strengths. "
Tak Ishikawa
President and CEO, Mitsubishi Heavy Industries America
"At Baytown, we’re working together to take on some of the big societal challenges. "
Bryan Glover
Chief Growth Officer, Honeywell Performance Materials and Technology
Scaling up solutions in the U.S. Gulf Coast
The U.S. Gulf Coast has always been a hub for global industry. Today, it’s where we’re scaling up solutions that can help industries significantly reduce their emissions.
Learn more about our solutions in the Gulf Coast Today, it’s where we’re scaling up solutions that can help industries significantly reduce their emissions.
Learn more about our solutions in the Gulf Coast Today
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Creating energy and sustainable solutions that improve quality of life and meet society’s evolving needs
