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Exxon Mobil (XOM) Commences Commercial Operations of CCS Project
Yahoo Finance· 2026-01-30 17:53
Group 1: Company Overview - Exxon Mobil Corporation (NYSE:XOM) is one of the largest integrated fuels, lubricants, and chemical companies in the world [2] - The company is included among the 10 Best American Oil and Gas Stocks to Buy [1] Group 2: Carbon Capture and Storage (CCS) Initiatives - Exxon Mobil announced the commencement of commercial operations of a carbon capture and storage project with CF Industries in Louisiana, which will transport and store up to 2 million tons per year (MTPA) of carbon dioxide [3] - The company is positioning itself as a leading operator of carbon transport and storage networks, securing agreements with AtmosClear and Lake Charles Methanol II to handle a combined 2 MTPA of CO2 from their planned facilities in Louisiana [4] - Exxon Mobil is developing multiple storage hubs across Texas and Louisiana, with three CCS projects expected to come online in 2026 [4] Group 3: Future Developments - The company is progressing plans for its first low-carbon data center, with a final investment decision (FID) expected by the end of this year [4]
ADM, Tallgrass Celebrate Opening of World's Largest Bioethanol Carbon Capture Facility in Columbus, Nebraska
Businesswire· 2025-11-10 15:00
Core Insights - ADM has launched a new carbon capture and storage project at its Columbus, Nebraska Corn Processing Complex, making it the largest bioethanol carbon capture facility globally [1] - The project utilizes Tallgrass's Trailblazer pipeline to transport captured carbon dioxide (CO2) from ADM's ethanol plant to Tallgrass' Eastern Wyoming Sequestration Hub [1] Company Overview - ADM is recognized as a global leader in providing innovative solutions derived from nature [1] - The Columbus facility is a significant step in ADM's commitment to sustainability and reducing carbon emissions in the bioethanol production process [1] Industry Impact - The establishment of the largest bioethanol carbon capture facility is expected to set a benchmark in the industry for carbon management practices [1] - The collaboration with Tallgrass for CO2 transportation highlights the growing importance of infrastructure in supporting carbon capture initiatives [1]