ExxonMobil and Mitsubishi Heavy Industries unveil carbon capture tie-up

They will leverage their combined capabilities to advance carbon capture technologies that could reduce the cost of carbon capture for heavy-emitting industrial customers

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ExxonMobil has announced plans to deploy Japan’s Mitsubishi Heavy Industries’ (MHI) carbon capture technology for its end-to-end carbon capture and storage (CCS) solution for industrial customers.

The companies have agreed to leverage their combined operating and engineering experience and core science capabilities with support from The Kansai Electric Power Co (KEPCO) to advance carbon capture technologies that could reduce the cost of carbon capture for heavy-emitting industrial customers.

The joint effort will build upon two processes – developed by MHI and KEPCO – the “only liquid amine carbon capture technology commercially demonstrated at greater than one million metric tons per year”.

Dan Ammann, president of ExxonMobil Low Carbon Solutions said: “We’re excited to offer our large industrial customers the only complete carbon capture, transportation and storage solution in the market.

“Adding Mitsubishi Heavy Industries’ leading carbon capture technology to ExxonMobil’s transportation and storage capabilities enables this compelling offering.”

MHI has already delivered 14 commercial carbon capture plants worldwide and last year declared ‘Mission Net Zero’ to commit to building an innovative solutions ecosystem to realise a carbon-neutral future and achieve its net zero ambitions within its own operations by 2040.

That includes strengthening its decarbonisation technology offerings, such as developing a carbon capture, utilisation and storage (CCUS) value chain and advancing hydrogen solutions.

Kenji Terasawa, president and CEO, Mitsubishi Heavy Industries Engineering, Ltd added: “Carbon capture and storage technology and innovation are critical to our path to net zero.

“As an expert in advanced engineering, MHI is committed to leading the way in achieving decarbonisation 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.”