MOSCOW (MRC) -- ExxonMobil has made a final investment decision (FID) to expand its carbon-capture and storage site in LaBarge, Wyoming, said the company.
The expansion will cost USD400m and increase carbon-capture capacity to 1.2m tonnes/year, ExxonMobil said. Current capacity is 6m-7m tonnes/year. ExxonMobil did not specify if the captured carbon dioxide (CO2) would be permanently sequestered or if it would be used for purposes such as enhanced oil recovery.
ExxonMobil completed front-end engineering design (FEED) in December 2021, the company said. In March, it should award a contract for engineering, procurement and construction (EPC). The expansion should start up in 2025.
As per MRC, ExxonMobil completed its first commercial sale of certified circular polymers, using its Exxtend technology for advanced recycling of plastic waste. The purchaser is Berry Global, which will use the circular polymers to manufacture containers for high-performance food-grade packaging on a mass balance approach.
As MRC informed before, ExxonMobil shut down at its cracker in Singapore for maintenance last year. Thus, the company halted operations at the cracker on September 14, 2020. The cracker remained off-line till end-October, 2020. Located at Jurong Island, Singapore, the cracker has an ethylene production capacity of 1 million mt/year and a propylene production capacity of 450,000 mt/year.
According to MRC's ScanPlast report, PP shipments to the Russian market totalled 1,494.280 tonnes in 2021, up by 21% year on year. Deliveries of homopolymer PP and PP block copolymers increased, whreas.shipments of PP random copolymers decreased significantly.
ExxonMobil is the largest non-government owned company in the energy industry and produces about 3% of the world's oil and about 2% of the world's energy.
MRC