Key technology and path to net zero carbon emissions
- BP – Working with the Oil and Gas Climate Initiative, BP is working to advance the UK’s first commercial full-chain carbon capture utilization and storage (CCUS) project. The Clean Gas Project plans to capture CO2from new efficient natural gas-fired power generation.
- Chevron – Chevron has invested more than $75 million in carbon capture & sequestration (CCS) research.
- One example of Chevron’s work in the CCS space is the Gorgon CO2 injection project which is one of the largest GHG emission reduction project in the industry.
- Chevron is one of three companies investing in portable carbon capture technology for the oil field and other industrial facilities. In 2020, Chevron announced a $16 million investment into Carbon Clean Solutions Limited. The company is developing an easy-to-ship and install carbon capture system that can be shipped to a remote site and remove carbon dioxide at a price of $30 per ton. A prototype is expected to be delivered by 2021.
- Equinor – Equinor has two operational CCS fields, where over 23 million tonnes of carbon have been permanently stored.
- Equinor, together with Shell and Total, is developing infrastructure on the Norwegian Continental Shelf for transport and storage of CO2 from various onshore industries. The project, called Northern Lights, involves transporting liquified CO2 by pipeline to permanent offshore subsea storage. The solution being considered will have an initial storage capacity of around 1.5 million tonnes of CO2 per year.
- ExxonMobil – Since 1970, ExxonMobil has cumulatively captured 40% of all the cumulative CO2 captured in the world. ExxonMobil has partnered with Mosaic Materials to accelerate development of a carbon capture adaptation that uses breath-mint sized pellets that efficiently adsorb carbon dioxide from emission sources. These pellets may enable greater removal of CO2before it enters the atmosphere and ultimately will help create more energy with fewer emissions. ExxonMobil has also partnered with Global Thermostat to develop a technology that pulls carbon from the air using chemical compounds know as amines.
- ExxonMobil Corp. is planning to build and operate a carbon capture facility in southwest Wyoming. The proposed $262 million project includes plans for a new CO2 disposal well a 9-mile CO2 pipeline, and capture equipment. The project is slated to be completed in 2022.
- Shell- Shell’s net-zero emissions with a customer-first strategy continues investment in CCS projects, in addition to the 3 projects in operations, sanctioned, or planned. Shell will seek to have access to 25 million tonnes of CCS capacity by 2035. Shell will also invest $100 million a year into nature-based-solutions for carbon capture and management, seeking to offset 120 million tonnes a year by 2030.
- The Oil and Gas Climate Initiative Climate Investments group has launched a venture to build the world’s first natural gas power plant to capture carbon dioxide on a grand scale. Construction on the facility is expected to begin in early 2021. (Nearly all of NGSA member companies belong to OGCI.)
Learn more about NGSA member actions in our blog post as well as our graphic Reaching Climate Goals with Natural Gas.