EnLink Midstream Exploring Additional Carbon Transportation Opportunities with ExxonMobil

Source: www.gulfoilandgas.com 2/20/2024, Location: North America

EnLink Midstream, LLC (NYSE: ENLC) (EnLink) announced today that ExxonMobil and EnLink are exploring opportunities for EnLink to support ExxonMobil's carbon capture and sequestration (CCS) efforts beyond the southeast Louisiana Mississippi River Corridor into several additional Gulf Coast areas.

According to the U.S. Environmental Protection Agency, the Gulf Coast contains one of the highest concentrations of industrial carbon dioxide (CO2) emissions in the United States, with over 215 million metric tonnes per year (Mtpa) generated today in and around the Houston Ship Channel, the Mississippi River Corridor, Lake Charles and southwest Louisiana, and the Port Arthur and Beaumont, Texas, areas combined. EnLink and ExxonMobil are committed to providing cost-effective and efficient CCS solutions to CO2 emitting companies and industries in each of these areas, and the two companies continue to develop a strategic relationship to serve these customers.

"EnLink and ExxonMobil are actively pursuing opportunities to develop safe, reliable, and cost-efficient CCS solutions," said Jesse Arenivas, EnLink Chief Executive Officer. "EnLink brings to the table decades of expertise building, owning, and operating midstream assets with a customer-focused mindset, which gives ExxonMobil greater flexibility and more options to meet the needs of industrial CO2 emitters. EnLink is fast becoming a leader in providing safe, low-cost CO2 pipeline transportation services, and we're excited to expand the discussion with ExxonMobil to additional high-emitting Gulf Coast areas."

"We continue to build on our industry-leading CCS solutions to help customers reduce their current emissions and see EnLink as a key part of providing the most efficient CO2 transportation," said Dan Ammann, President of ExxonMobil Low Carbon Solutions. "We've worked closely on CCS transportation solutions since our initial agreement in 2022 and look forward to continuing our collaboration with EnLink to help reduce carbon emissions across the Gulf Coast."

With its acquisition of Denbury, ExxonMobil is evaluating the most market-competitive CCS solutions across the Gulf Coast. During that evaluation, EnLink and ExxonMobil have agreed to reassess the Pecan Island Area project's near-term role, with the expectation that other joint opportunities may be prioritized ahead of the Pecan Island project.


United States >>  4/19/2024 - ABS and U.S. Department of Energy (DOE) are to collaborate on clean energy development in the maritime domain and decarbonization of maritime operatio...
United States >>  4/19/2024 - Neste, the world's leading producer of renewable diesel and sustainable aviation fuel, and New Jersey Natural Gas (NJNG), the principal subsidiary of ...

Australia >>  4/18/2024 - The Australia-Austria Industrial Decarbonisation Demonstration Partnerships Program provides funding of AUD$20 million (€12 million). Transnational an...
Netherlands/Holland >>  4/18/2024 - ‘The energy transition momentum has come,’ according to Maike Akkers, Energy Transition Infrastructure Program Manager at the Port of Rotterdam Author...

Netherlands/Holland >>  4/18/2024 - CIRRO, a leading global e-commerce logistics and fulfillment service provider, has joined forces with GoodZero, to decarbonize its operations through ...
Netherlands/Holland >>  4/18/2024 - Plastic is the perfect product with which to make all kinds of products. It has a long lifespan, is light and easy to maintain. But production also me...




Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.