Donation helps Air Ambulance educational work
ExxonMobil has signed a Memorandum of Understanding to participate in the Acorn Carbon Capture and Storage project (CCS) in Scotland.
CCS is the process of capturing CO2 that would otherwise be released into the atmosphere from industrial activity, and injecting it into deep geologic formations for safe, secure and permanent storage.
The Acorn project aims to capture and store around 5-6 million tons of CO2 per year by 2030 from gas terminals at the St Fergus complex at Peterhead, Scotland, which includes our SEGAL joint venture gas terminal. The project has the potential to provide more than half of the 10 million tons per year of CO2 storage targeted by the UK government and when expanded, could store more than 20 million tons of CO2 emissions per year by the mid-2030s.
Joe Blommaert, President of ExxonMobil’s Low Carbon Solutions business unit which launched in March, said, “We have more than 30 years’ experience in CCS technology and are advancing plans for more than 20 new CCS opportunities around the world. We are pleased to support the Acorn Project in the deployment of CCS, one of the most important technologies required to achieve society’s climate goals.”
ExxonMobil has also joined NECCUS, an alliance of industry, government and academic experts committed to reducing carbon emissions from industrial facilities in Scotland. Our membership will help the alliance explore the potential of technology-driven solutions to reduce emissions by drawing on our extensive global experience with carbon capture and storage.
Also in this issue
Pipeline team wins Presidents AwardAlison Segun, James Taylor, Stuart Pace and Jon Anstee De Mas have all been awarded the Fuels & Lubricants President’s Award for their work on the Development Consent Order (DCO) for the Southampton to London pipeline (SLP) project. The scheme will replace 90km of the underground fuel pipeline between Boorley Green, Hampshire and the West London Terminal storage facility in Hounslow.
Give the world a shotLike many people during lockdown, ExxonMobil annuitant Pauline Element was bored and unable to see her grandchildren. But after listening to the World Health Organisation and reading about the need for vaccines in the developing world, Pauline decided to act and make a difference.
Running for those who can’t0n Sunday 9 May, 50 ExxonMobil employees took part in this year’s global ‘Wings for Life World Run’, joining 180,000 people worldwide to raise money for a cure for spinal cord injury. The event has been organised by the energy drink company Red Bull for the past seven years, and in that time more than 715,000 participants have run for those who can't run.
New elevated flare tip for FEP
A key part of Fife Ethylene Plant’s £140m upgrade currently nearing completion is the installation of a new elevated flare tip designed to reduce noise and vibration.
Esso plans for E10 fuel changeMotorists across the UK are set to shift to a lower carbon fuel with the introduction of E10 at petrol stations in September 2021. The new fuel, which is a mixture of petrol and between 5.5% and 10% ethanol, will help the UK meet its climate change targets. Newsline asked Christine Isaacs, fuels programme advisor, about what this Government mandate means for ExxonMobil and the industry at large.
First quarter results bounce back
Exxon Mobil Corporation announced estimated first quarter 2021 earnings of $2.7 billion, marking a return to profitability after a difficult year in 2020, when losses of $610 million were posted in the same period due to impacts from the COVID-19 pandemic. In this latest quarter, oil-equivalent production was 3.8 million barrels per day, up 3 per cent from the fourth quarter of 2020.