Energy Efficiency, GHG Emissions, Industrial  -  May 23, 2018

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. The company also announced its intention to improve its industry-leading energy efficiency in refining and chemical manufacturing facilities.

"We have a longstanding commitment to improve efficiency and mitigate greenhouse gas emissions," said Darren W. Woods, chairman and chief executive officer, in a statement. "Today’s announcement builds on that commitment and will help further drive improvements in our business."

The statement noted that ExxonMobil has spent more than $9 billion on lower-emission energy solutions since 2000, including investments in lower-emission energy solutions such as cogeneration, flare reduction, energy efficiency, biofuels, carbon capture and storage and other technologies.

Further greenhouse-gas emissions reduction efforts will target ExxonMobil’s global refining and chemicals manufacturing network with the goal of improving existing industry-leading energy efficiency performance.

The company is also undertaking several initiatives to significantly reduce methane emissions. XTO Energy’s leak-detection-and-repair efforts and operational improvements at U.S. production and midstream sites have reduced estimated methane emissions across ExxonMobil operations by 2% in the past year. Combined with additional measures outside the U.S. focused on the most significant sources of methane, ExxonMobil expects to achieve a 15% reduction of methane emissions by 2020 from a 2016 baseline.

The company reported that it has achieved a 10% improvement in energy efficiency across its global refining operations following an effort launched in 2000. 

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