Exxon Calling on Industry and Government to Raise $100 Billion for CCS

The Houston Ship Channel is home to petrochemical plants, power companies and heavy industries, all of which throw climate-harming emissions into the air.

Exxon Mobil has suggested turning the 50-mile-long channel into a CCS hub. The oil and gas giant is calling on industry and government to jointly raise $100 billion to create infrastructure to capture carbon dioxide at industrial plants, carry it away in pipelines and inject it deep under the floor of the Gulf of Mexico.

Joe Blommaert, president of Low Carbon Solutions at Exxon, spoke with the Associated Press about the plans; read the interview here.

RELATED CONTENT

Paint & Coatings

A walk through a typical valve distributor’s warehouse will yield a contrasting view of either silver or black products.
General Considerations for Control and Choke Valves Used in Offshore Oil and Gas Production

The application of control and choke valves used in offshore oil and gas production is a very broad field and in this article, some of the main considerations for valve selection will be addressed.
PFAS Chemicals and PTFE: Should the Valve Industry Be Concerned?

Legislation moving through Congress could affect the future use of thousands of PFAS chemicals (per- and polyfluoroalkyl). The house passed H.R. 2467 in July of 2021 and, though the bill is general in nature, it assigns the responsibility to the Environmental Protection Agency (EPA) for determining which PFAS chemicals will be controlled or banned altogether.