American oil supermajor ExxonMobil and Mitsubishi Heavy Industries announced on 29 November that they have agreed to leverage their expertise in operations, engineering, and core science capabilities in an effort to advance carbon capture technologies to reduce the cost of CO2 capture for hard-to-decarbonize industries, with support from The Kansai Electric Power Co. (KEPCO).
The joint effort will build upon the liquid amine carbon capture technology developed by MHI and KEPC. The tech has been commercially demonstrated at greater than 1 million metric tons per year, according to a press statement.
“We’re excited to offer our large industrial customers the only complete carbon capture, transportation and storage solution in the market,” said Dan Ammann, president of ExxonMobil Low Carbon Solutions. “Adding Mitsubishi Heavy Industries’ leading carbon capture technology to ExxonMobil’s transportation and storage capabilities enables this compelling offering.”
ExxonMobil’s CCUS experience of capturing and transporting CO2 safely and injecting it into geological formations spans three decades. MHI is the world’s largest licensor of post-combustion CO2 capture technology and has been developing it for more than 30 years. The company’s record includes 14 commercial CO2 capture plants already delivered worldwide.
“Carbon capture and storage technology and innovation are critical to our path to net zero,” said Kenji Terasawa, president and CEO, Mitsubishi Heavy Industries Engineering, Ltd.
“As an expert in advanced engineering, MHI is committed to leading the way in achieving decarbonization goals through strategic collaboration and investments in new technologies. We look forward to partnering with ExxonMobil to continue advancing carbon capture technologies to provide essential carbon neutrality solutions for various industries.”