According to leading experts such as the International Energy Agency and the U.N. Intergovernmental Panel on Climate Change, CCS is critical to meeting society’s lower-emission ambitions. It is one of the few proven technologies that has the potential to significantly reduce industrial CO2 emissions, and the IEA estimates it could mitigate up to 15% of global emissions by 2040.
ExxonMobil has identified several opportunities and potential partnerships to help deploy CCS technology throughout the Asia Pacific region. The company has more than 30 years of experience in building and safely operating CCS projects around the world, and last year, it launched a new Low Carbon Solutions business to further commercialize CCS and other low-carbon energy technologies.
“We are evaluating several large-scale carbon capture and storage opportunities around the world that have the potential to make a significant impact in the highest-emitting sectors,” said Joe Blommaert, president of ExxonMobil Low Carbon Solutions. “Here in the Asia Pacific region, we’re looking at potential opportunities in Singapore, Indonesia and Malaysia, among others.”
During Singapore International Energy Week in October 2021, Blommaert outlined Asia’s opportunity to be a model for CCS by developing hubs that could help reduce industrial CO2 emissions across the region. With companies and countries working collaboratively, Blommaert said, there is an opportunity to drive down emissions and achieve countries’ Paris Agreement goals.
Across Southeast Asia, ExxonMobil is working with governments and industry to explore the potential for widespread deployment of CCS in the region. Take a look at the infographic below.