ExxonMobil Admits Struggles In Meeting Green Energy Targets

Air Products And ABP To Build UK's Largest Green Hydrogen Facility - Carbon Herald
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Paul Greenwood, who serves as the chair of Esso UK and as the lead country manager for ExxonMobil in the United Kingdom, has acknowledged that the oil company would require a “magic wand” in order to fulfill the climate targets it has set for its operations.

During a recent gathering at the UK Parliament, Exxon presented a report on their carbon capture plans, specifically focusing on the Fawley oil refinery in Hampshire. The company discussed their intention to build a new “blue hydrogen” facility, which they claim could begin operations in 2030.

Various officials attended the event, including the energy minister, Martin Callanan, and the leader of the House of Commons, Penny Mordaunt.

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The Fawley plant will produce hydrogen using natural gas and will also capture 2.7 million tons of CO2 annually from the production process. The captured CO2 will be transported and stored beneath the seabed near the Isle of Wight. 

The target of ExxonMobil with this initiative is to capture a total of ten million tons of CO2 per year, including emissions from other high-polluting industries located near the Solent, the strait between the Isle of Wight and the mainland.

When questioned by a representative from OpenDemocracy at the same event about the feasibility of starting CO2 capture at Fawley by 2030, Greenwood responded by stating that they are “not there yet.” 

He said, “If you wave a magic wand and say ‘you’ve got all the investment that you need,’ then you can hit that kind of timeline.”

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Exxon does not have a carbon storage license for the English Channel yet or government support for their project. The company was denied government funding for the Fawley project last year.

The oil giant has chosen to prioritize increasing diesel production at the refinery instead of investing in the project directly. 

They have allocated £800 million to enhance daily production by 6 million liters, causing criticism from environmentalists and industry experts who believe that the actions of ExxonMobil are inadequate and do not demonstrate a commitment to achieving the green targets set by the company.

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