Carbon Capture

ExxonMobil plans to increase carbon capture at Wyoming facility

The expansion project will capture up to 1 million metric tons of CO2, in addition to the 6-7 million metric tons already captured at LaBarge each year.

The LaBarge expansion project is in the design and permitting phase and a request for bids for engineering, procurement and construction contracts has been issued to third parties. A final investment decision is expected in 2022 and will be based on several factors, including regulatory approvals. Operations could start as early as 2025, according to ExxonMobil.

The proposed $400 million investment is the latest in multiple expansions of carbon capture at LaBarge. The location currently represents nearly 20% of all CO2 captured in the world each year. The expansion will further mitigate emissions by capturing up to an additional 1 million metric tons of CO2 each year.

ExxonMobil Low Carbon Solutions is evaluating several other large-scale carbon capture and storage projects in the US Gulf Coast, Europe and Asia. The company has an equity share in approximately one-fifth of global CO2 capture capacity and has captured approximately 40% of all the captured anthropogenic CO2 in the world.

ExxonMobil established its Low Carbon Solutions business to commercialize low-emission technologies. It is initially focusing its carbon capture and storage efforts on point source emissions, the process of capturing CO2 from industrial activity that would otherwise be released into the atmosphere, and injecting it into deep underground geologic formations for safe, secure and permanent storage. The business is also evaluating strategic investments in biofuels and hydrogen to bring those lower-emissions energy technologies to scale for the highest emitting sectors of the global economy.