ExxonMobil and CF Industries ink carbon capture deal in Mississippi

(WO) — ExxonMobil has signed its fourth carbon capture and storage (CCS) agreement with CF Industries in Yazoo City, Mississippi. The project aims to transport and store up to 500,000 metric tons of CO2 annually from CF Industries' nitrogen products complex, reducing the site's CO2 emissions by approximately 50%. The startup is planned for 2028.

This agreement brings the total CO2 ExxonMobil has committed to storing for customers to 5.5 million metric tons per year, equivalent to replacing about 2 million gasoline-powered cars with electric vehicles.

“We’re serious about expanding carbon capture – a safe, proven solution for hard-to-decarbonize industries,” said Dan Ammann, president of ExxonMobil Low Carbon Solutions. “Our agreement with CF Industries is the latest example of how we can help industrial customers make significant progress, quickly and economically.” 

This is ExxonMobil's second CCS project with Illinois-based CF Industries and its first in Mississippi. According to former governor Haley Barbour, carbon capture can support the state’s economic growth in addition to reducing emissions.

ExxonMobil has over 30 years of experience in carbon capture and owns the largest CO2 pipeline network in the country. The first site to connect to this network will be CF Industries’ facility in Donaldsonville, Louisiana, with a startup scheduled for 2025.

“We’ve set ambitious goals to reduce our emissions from our operations, and CCS will play a key role in getting us there,” said Tony Will, president and CEO of CF Industries. “We are really pleased to expand our relationship with ExxonMobil for our second CCS project together as their leading expertise helps accelerate our decarbonization journey.”