ExxonMobil launches Low Carbon Solutions business

Major aims to commercialise emission-reduction technology, with an initial focus on extending its involvement in CCS

ExxonMobil is to launch a new business to commercialise and deploy low-carbon technology with an initial focus on advancing plans for more than 20 new carbon capture and storage (CCS) projects, it announced yesterday. ExxonMobil Low Carbon Solutions will focus on CCS facilities—which are widely seen as being critical to hitting Paris Agreement targets—to enable large-scale emission reductions around the world. The major plans to invest $3bn on lower-emission energy solutions in the next five years. “With our demonstrated leadership in carbon capture and emissions reduction technologies, ExxonMobil is committed to meeting the demand for affordable energy while reducing emissions and managing