Rosneft and ExxonMobil to Cooperate in Carbon Management

Source: www.gulfoilandgas.com 9/29/2021, Location: Asia

Rosneft Oil Company and ExxonMobil have signed a Memorandum of Understanding to cooperate to assess the potential of lower-carbon technologies to reduce greenhouse gas emissions. The companies will consider the prospects of new projects initially focused on carbon capture, utilisation and storage and the development of lower-carbon fuels, such as hydrogen and ammonia.

The MoU has been signed to continue the cooperation between the two companies and signals their intent to implement lower-carbon projects, as well as exchange their respective experience and technological solutions in promising areas.


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