ExxonMobil: set to expand LaBarge CCS Site
(CercleFinance.com) - ExxonMobil has announced that it has begun the engineering, procurement and construction contract process for its plans to expand carbon capture and storage (CCS) at its LaBarge, Wyoming, site.
The proposed expansion of the site - which has already captured more CO2 than any other facility in the world - will capture up to one million tonnes of CO2, in addition to the six to seven million tonnes already captured at LaBarge each year.
The project represents a proposed investment of 400 million dollars. A final investment decision is expected in 2022 - it will be based on several factors, including regulatory approvals. Operations could begin as early as 2025.
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The proposed expansion of the site - which has already captured more CO2 than any other facility in the world - will capture up to one million tonnes of CO2, in addition to the six to seven million tonnes already captured at LaBarge each year.
The project represents a proposed investment of 400 million dollars. A final investment decision is expected in 2022 - it will be based on several factors, including regulatory approvals. Operations could begin as early as 2025.
Copyright (c) 2021 CercleFinance.com. All rights reserved.