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Released October 25, 2021 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas) has begun an engineering, procurement and construction (EPC) contract process as part of a planned carbon capture and storage (CCS) expansion at its LaBarge natural gas facility in Wyoming, the company said last week.
Industrial Info has been tracking the expansion projects since July 2020. In all, Industrial Info is tracking 12 carbon capture-related projects by ExxonMobil, worth nearly $2 billion. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Project Database can click here for detailed project reports. For related information, see May 3, 2021, article - ExxonMobil Pinpoints Houston Ship Channel for Massive Carbon Capture and Storage Hub.
The proposed $400 million LaBarge expansion would capture up to 1 million metric tons of carbon dioxide (CO2), the company said in a press release.
Now in the design and permitting phase, the project has issued a request for bids for EPC contracts, ExxonMobil said. A final investment decision is expected in 2022 and operations could start as early as 2025, according to the company.
The LaBarge CCS facility already captures 6 million to 7 million metric tons of CO2 each year, more than any other facility in the world, according to ExxonMobil.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
Industrial Info has been tracking the expansion projects since July 2020. In all, Industrial Info is tracking 12 carbon capture-related projects by ExxonMobil, worth nearly $2 billion. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Project Database can click here for detailed project reports. For related information, see May 3, 2021, article - ExxonMobil Pinpoints Houston Ship Channel for Massive Carbon Capture and Storage Hub.
The proposed $400 million LaBarge expansion would capture up to 1 million metric tons of carbon dioxide (CO2), the company said in a press release.
Now in the design and permitting phase, the project has issued a request for bids for EPC contracts, ExxonMobil said. A final investment decision is expected in 2022 and operations could start as early as 2025, according to the company.
The LaBarge CCS facility already captures 6 million to 7 million metric tons of CO2 each year, more than any other facility in the world, according to ExxonMobil.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
