With over 1,000 global projects! Which energy companies are accelerating their deployment in this industry?

For example, a 76,000-ton Panama-type bulk carrier sailing the Shanghai–Rotterdam route would incur approximately €163,900 in carbon tax per voyage. Such high carbon costs directly compel the shipping and other energy-intensive industries to accelerate deployment of decarbonization technologies like CCUS, further underscoring CCUS’s irreplaceable role in global low-carbon transition. How are international energy companies deploying CCUS? The International Energy Agency (IEA) notes that the oil and gas sector—leveraging its unique advantages in carbon source access, geological storage expertise, and infrastructure—is among the leading forces globally building CCUS capacity. Currently, the full CCUS value chain is rapidly advancing from isolated technology pilots toward large-scale commercial deployment, with both industrial scale and technical capability expanding in tandem. As the largest global source of carbon emissions—contributing roughly 30% of greenhouse gases—the industrial sector is now transitioning from pilot demonstrations to large-scale commercial operations for decarbonization, propelled by technological breakthroughs, strengthened policy support, and market-driven incentives. The EU’s ‘Northern Lights’ project—jointly developed by international energy firms including Shell, Equinor, and others—is Europe’s first cross-border, cross-sector, end-to-end CCUS initiative. It integrates CO₂ capture, maritime transport, subsea injection, and long-term monitoring, specifically designed to collect CO₂ emissions from industrial point sources across Europe and transport them to permanent offshore storage sites in Norway’s continental shelf. With an annual processing capacity of several million tons, it provides replicable and scalable practical experience for global CCUS cluster development and interregional collaborative operations. Global energy enterprises, oilfield service (OFS) giants, and equipment manufacturers are all accelerating their CCUS strategic deployments, establishing comprehensive, diversified, and synergistic R&D and industrial application systems. OFS and equipment suppliers—drawing on decades of technical expertise and extensive global service networks—are swiftly transforming into low-carbon technology service providers. Schlumberger has developed closed-loop solutions spanning site selection, capture, and operational monitoring through its non-aqueous solvent carbon capture technology and JustCatch™ series systems, targeting billions of dollars in low-carbon technology revenue by 2030. Baker Hughes employs hybrid salt processes, rotating bed reactors, and modular equipment solutions covering the entire workflow—from flue-gas capture and CO₂ compression to storage and on-site management. Siemens has launched related equipment for direct air capture (DAC) and post-combustion capture technologies; Honeywell supports industrial emission management via its AmineGuard™ and membrane separation technologies. International energy majors focus on regional industrial clusters and transnational cooperative development: ExxonMobil has launched a 2-million-ton-per-year CCS project in Louisiana with CF Industries and signed multiple CO₂ capture and storage agreements with various institutions, continuously expanding its footprint across Texas and Louisiana. Shell, TotalEnergies, and Equinor are developing cross-regional CCUS networks across Northern Europe and the Asia-Pacific region, collaborating with Chinese enterprises to advance open-access CCUS clusters in Daya Bay and Guangdong—effectively linking key emission sources (e.g., refining & petrochemicals, cement) with offshore saline aquifer storage resources. What is the future outlook for the CCUS industry? By 2026, the global industrial decarbonization landscape will feature a ‘tripod’ competition among China, the U.S., and Europe.

ExxonMobil receives funding for the largest offshore carbon storage site in Texas, USA

ExxonMobil won the right to store carbon dioxide beneath the waters of the Gulf of Mexico off Texas—the largest such lease in the United States. The company, headquartered in Spring, Texas, stated in a press release that the lease granted by the Texas General Land Office covers 271,000 acres and permits ExxonMobil to inject emissions into geological formations beneath the seabed. ExxonMobil has committed to removing 6.7 million tons of CO₂ annually from industrial emitters along the Gulf Coast—including a newly announced agreement this week with a gas-gathering project in Louisiana. If its proposed hydrogen project secures sufficient tax credits, the company could also produce up to 7.5 million tons of hydrogen annually from its Baytown refinery. Dan Ammann, President of ExxonMobil’s Low Carbon Solutions division, stated: “As the volume of CO₂ entering our system increases, now is the natural time to expand our onshore storage development into offshore storage space.”

Texas regulators approve ExxonMobil’s flagship carbon storage project

4 days ago

Texas regulators approved ExxonMobil's application to store CO2 emissions near Houston, marking a key victory for its carbon capture business. The Texas Railroad Commission voted 2-1 to permit the project east of Houston.

chemweek

2026-09-18

Texas regulators approve ExxonMobil’s flagship carbon storage project

Texas regulators approve ExxonMobil’s flagship carbon storage project

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