ExxonMobil Emphasizes Hydrogen, CCS In Low Carbon Solutions Spotlight

ExxonMobil Emphasizes Hydrogen, CCS In Low Carbon Solutions Spotlight

Share to Linkedin Darren Woods, Chairman and CEO of ExxonMobil, speaks during CERAWeek, an international energy ... [+] conference, by S&P Global, in Houston, Texas on Monday, March 7, 2023. (Photo by Mark Felix / AFP) (Photo by MARK FELIX/AFP via Getty Images) During a session highlighting its Low Carbon Business Solutions (LCS) business unit Tuesday, executives from ExxonMobil XOM highlighted major opportunities located in Texas and Louisiana in the unit's current business plan, with a special focus on hydrogen and carbon capture and storage (CCS) projects along the Gulf Coast. The session coincided with the announcement of a deal with Linde LIN to capture and store carbon emissions from Linde's blue ammonia production facility in Beaumont, Texas. Before getting into the discussion highlighting specific projects, company CEO Darren Woods emphasized the important role played by government policies to encourage the innovation and scaling-up of carbon reduction technologies. "Over a century of sustained economic and population growth has resulted in the world's current level of greenhouse gas emissions," Woods said. "Looking forward, getting on a path to net zero will require unprecedented innovation and collaboration among governments, companies, universities and others, something that is not happening today," he added, pointing