Exxon signs with top ammonia maker as its first client for decarbonization business

  • 📰 Reuters
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 97%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Exxon Mobil Corp's fledging low carbon energy business on Wednesday struck its first commercial carbon storage deal under an effort to target a projected by 2050.

to bury carbon dioxide at an Exxon site in Louisiana kicks off an unusual business for the oil giant: making money from burying gases for companies looking to reduce their own atmospheric emissions.

Exxon signed a parallel agreement to use Enlink Midstream's network to transport the CO2 to the storage site.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines