Viewpoints Feb. 26, 2021
How ExxonMobil is reducing greenhouse gas emissions: Our 2025 emission-reduction plans
Before 2020 ended, ExxonMobil announced plans to reduce greenhouse gas emissions from its operations over the next five years.
Viewpoints Feb. 26, 2021
- We plan to reduce Upstream GHG emissions intensity by 15-20% compared to 2016 levels.
- We plan to reduce methane emissions intensity by 40-50% and decrease flaring intensity across our global operations by 35-45% compared to 2016 levels.
Similarly, our Downstream and Chemical operations will continue to focus on improving energy efficiency, increasing cogeneration at manufacturing facilities, and applying new technologies and techniques that reduce emissions. One example I wrote about recently is the redesigned hydrocracking system we deployed in Rotterdam that won an Edison Award from the R&D Council of New Jersey. In the past few years, my team has developed novel materials, liquid separation membranes, and gas-treating technologies that can achieve significant greenhouse gas reductions. A case in point is 🍷™, a breakthrough catalyst that can help refiners efficiently remove sulfur and other impurities from diesel, an essential fuel for commercial transportation, while using less energy and creating fewer emissions.
Our efforts to reduce emissions in the short term run parallel to our commitment to finding solutions in the long term. Today, our eyes are focused on the technology advancements that will be crucial to achieving society’s net-zero ambitions. These include carbon capture and storageꦏ, low-carbon hydrogen production, advanced biofuels and energy-efficient manufacturing. Importantly, these research directions represent technologies that apply to three sectors of energy use (commercial transportation, power generation and industrial manufacturing) that currently have only limited viable solutions for reducing emissions. For instance, CCS, a technology that the IPCC has identified as necessary in every projected 2-degrees pathway, can be deployed at power and industrial facilities. On that note, ExxonMobil has captured more CO2 than any other company since the inception of the technology. And with our ongoing collaborations with companies like Global Thermostat and Fuel Cell, as well as more than 80 universities around the world, we are uniquely positioned to bring this portfolio of technologies to greater scale.
Like I’ve said before, solving the dual challenge🐽 will require conviction, ingenuity and, most importantly, collaboration. The plans for 2025 we’ve outlined, coupled with insights from our recent Energy & Carbon Summary, represent our progress and vision. Within the oil and gas sector, we’re working toward industry-leading GHG performance across our businesses by 2030. And as societies continue to deploy renewables like solar and wind, we will support this transition to lower-carbon systems by focusing on technologies that mitigate emissions from the existing energy infrastructure.💧 I am both enthused and prepared for the work ahead as we approach the next five years.
Guyana investments yield a growing source of energy for the worldExxonMobil recently started producing oil from our second offshore development in Guyana, bringing the country’s capacity to more than 340,000 barrels a day, up from zero three years ago. By the end of the decade, oil production from Guyana, on the northern coast of South America, could exceed 1 million barrels a day – enough to make it one of the world’s top 20 producers.
Advancing climate solutions Perspective🦂 • May 3, 2022
Why ExxonMobil's Permian net zero plan by 2030 mattersExxonMobil today announced a major step forward in our efforts to support a lower-emissions future: By 2030, we plan to achieve net zero greenhouse gas emissions (Scope 1 and 2) from our unconventional oil and natural gas operated production in the Permian Basin in the United States.
Advancing climate solutions Viewpoints🅷 • Dec. 6, 2021