Learn more about Hart Energy Conferences
Get our latest conference schedules, updates and insights straight to your inbox.
Hydrogen producer Linde and Exxon Mobil Corp. have signed a long-term agreement for the offtake of CO2 associated with Linde’s new clean hydrogen production facility being constructed in Beaumont, Texas, the companies said on April 4.
As part of the agreement, Exxon Mobil will transport and permanently store up to 2.2 million metric tons of CO2 annually—equivalent to the emissions from nearly 500,000 cars per year—from Linde’s hydrogen production facility, according to a news release.
The agreement comes as companies continue efforts to reduce emissions and use more low-carbon energy.
“Working with Exxon Mobil as the carbon dioxide off-taker at our Beaumont project supports Linde’s strategy to decarbonize customer processes while safely and reliably supplying low-carbon hydrogen at scale,” Dan Yankowski, senior vice president for Linde’s Americas operations.
Expected to begin operations in 2025, Linde’s new Beaumont facility will supply hydrogen and nitrogen for OCI’s new blue ammonia plant and supply hydrogen to other off-takers.
Speaking to analysts April 4, Dan Ammann, president of Exxon Mobil Low Carbon Solutions, called the pact “another landmark commercial offtake agreement.”
“It’s not hard to imagine us leveraging this for future potential activity at our nearby Beaumont site,” Ammann said, “and obviously we’ll be welcoming other third-party emitters to join as well.”
Recommended Reading
Aethon Cuts Rigs but Wants More Western Haynesville Acreage
2024-03-28 - Private gas E&P Aethon Energy has drilled some screamers in its far western Haynesville Shale play—and the company wants to do more in the area.
Elk Range Royalties Makes Entry in Appalachia with Three-state Deal
2024-03-28 - NGP-backed Elk Range Royalties signed its first deal for mineral and royalty interests in Appalachia, including locations in Pennsylvania, Ohio and West Virginia.
OEP Completes Acquisition of TechnipFMC’s Measurement Solutions Business
2024-03-27 - One Equity Partners said TechnipFMC’s measurement solutions business will be rebranded as Guidant and specialize in measurement technology, automation solutions and global systems.
PE Investors Scoop Up Offshore Services Provider Acteon Group
2024-03-27 - Acteon Group, a U.K.-based subsea services provider serving customers in offshore oil, gas and renewables, was acquired by new private equity backers.
Daugherty: Feds Take Aggressive Posture on Oil, Gas Mergers
2024-02-01 - Newly released guidelines by the Department of Justice and Federal Trade Commission suggest that a post-deal, combined market share of more than 30% is potentially problematic.