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Permian Basin Oil and Gas Magazine

PBOG is the Official Publication of the Permian Basin Petroleum Association and is published monthly by Zachry Publications, LP.

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ExxonMobil new carbon capture, storage business includes southeast Texas

February 11, 2021 by PBOG

ExxonMobil said last week it created a new business, ExxonMobil Low Carbon Solutions, to commercialize its low-carbon technology. The new business will focus on carbon capture and storage and hydrogen. ExxonMobil Low Carbon Solutions plans more than 20 new carbon capture and storage projects with $3 billion in investments through 2025. The projects include U.S. Gulf Coast with a carbon capture and storage hub in southeast Texas.

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