Energy Management Articles
Blog posts tagged with "ExxonMobil"
ExxonMobil Obtains Offshore Carbon Storage Site
Oil company Exxon Mobil Corporation executed the largest offshore carbon dioxide (CO2) storage lease in the U.S. with the Texas General Land Office (GLO).
ExxonMobil Boosts Emissions Investments
ExxonMobil will pursue over $20 billion in lower emissions opportunities through 2027, up $3 billion.
ExxonMobil's Rotterdam Refinery to Add Blue Hydrogen
ExxonMobil's (Esso) Rotterdam refinery in the Netherlands will deploy blue hydrogen starting in 2026.
Nucor Corporation Signs Carbon Capture Agreement
Nucor Corporation, a large steel producer, signed an agreement for a carbon capture and storage project, which calls for the capture, transport, and storage of up to 800,000 metric tons per year of CO2.
ExxonMobil To Deploy Carbon Capture Tech
ExxonMobil will deploy carbon capture technologies at its integrated complex in Baytown, Texas.
ExxonMobil to Store Carbon Emissions
ExxonMobil entered into a commercial agreement with CF Industries, a global manufacturer of hydrogen and nitrogen products, to capture and permanently store up to 2 million metric tons of CO2 emissions annually.
Exxon Invests in Energy Transition, Adds Hydrogen Production Plant
ExxonMobil announced plans to spend more than $15 billion over the next six years to reduce GHG in company operations and for investments in lower emission business opportunities.
Virgin Atlantic Agrees to SAF Supply
Virgin Atlantic Limited and Neste Oyi announced the UK supply of 2.5 million litres/2,000 metric tonnes of Sustainable Aviation Fuel (SAF), which will be delivered in the first half of 2022 to London Heathrow.
ExxonMobil Sets Net Zero Goal of 2050
ExxonMobil announced its goal to achieve net zero GHG emissions for operated assets by 2050 and its initial steps include investing more than $15 billion by 2027 on lower emission initiatives.
ExxonMobil Plans For Net Zero Emissions in Permian Basin
ExxonMobil said it plans to achieve net zero GHG emissions from operated assets in the Permian Basin in the U.S. by 2030.
ExxonMobil to Spend $15 billion on GHG Emission Reduction Projects
ExxonMobil said it plans to increase spending to $15 billion on GHG emission-reduction projects over the next six years while adding more aggressive plans for Scope 1 and Scope 2 projects through 2030.
ExxonMobil Expands Involvement with Scottish Carbon Capture Project
ExxonMobil announced Oct. 6 that it will be increasing its participation in a Scottish carbon capture project that has the potential to significantly reduce the emissions associated with the UK's industrial sector.
ExxonMobil Affiliate to Produce Renewable Diesel in Canada
Imperial Oil, an affiliate of ExxonMobil, will soon be producing renewable diesel at a new complex at a refinery in Edmonton, Canada.
ExxonMobil Increases Purchase of Renewable Diesel
ExxonMobil is expanding its five-year agreement with Global Clean Energy to increase its purchase of renewable diesel.
ExxonMobil purchases 2.5 million barrels of renewable diesel
ExxonMobil announced Aug. 11 that they have signed an agreement to purchase 2.5 million barrels of renewable diesel for five years starting in 2022.
ExxonMobil and partners discover new, efficient carbon capture material
ExxonMobil announced July 24 that through a collaboration with the University of California, Berkeley and Lawrence Berkeley National Laboratory, they have discovered a new material that could capture more than 90% of carbon emitted from industrial sources.
ExxonMobil invests in carbon capture technology
ExxonMobil signed on Nov. 6 a two-year joint-development agreement with FuelCell Energy, Inc. to optimize carbonate fuel cell technology for large-scale carbon capture, and is exploring opportunities to deploy the technology within its operations.
ExxonMobil invests in emissions reductions technologies
ExxonMobil will be investing up to $100 million for research into technologies involving carbon capture and storage, carbon dioxide utilization, enhanced oil recovery, and other methods through a partnership announced May 8.
ExxonMobil invests up to $100 million on lower-emissions R&D
ExxonMobil announced it will invest up to $100 million over 10 years to research and develop advanced lower-emissions technologies with the U.S. Department of Energy’s National Renewable Energy Laboratory and National Energy Technology Laboratory.
Exxon, Chevron join industry climate initiative
Exxon Mobil, Chevron and Occidental Petroleum will join the Oil and Gas Climate Initiative (OGCI), which already counts BP, Royal Dutch Shell, France’s Total as well as national oil companies of China, Mexico, Brazil, and Saudi Arabia as members.
ExxonMobil reveals GHG reduction measures
ExxonMobil announced on May 23 a series of greenhouse gas (GHG) reduction measures that are expected to lead to significant improvements in emissions performance by 2020, including a 15% decrease in methane emissions and a 25% reduction in flaring.
ExxonMobil, Bank of America to fund Stanford energy research
ExxonMobil and Bank of America have signed on as founding members of the Stanford Strategic Energy Alliance, committing $20 million and $7.5 million, respectively.
ExxonMobil renews biofuel research partnership
ExxonMobil renewed its partnership with the University of Wisconsin-Madison, extending its partnership with the institution to continue researching the conversion of biomass into transportation fuels, according to a July 17 news release.
Number of shareholder resolutions filed on climate change increased in 2016
An analysis of shareholder proposals recently revealed that corporations are facing a record number of resolutions that address climate change.
SEC, ruling against ExxonMobil, says oil giant must allow shareholder vote on climate change
The U.S. Securities and Exchange Commission, siding with a group of ExxonMobil shareholders, is requiring the company to include a climate change resolution on its annual proxy.
