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Researched by Industrial Info Resources (Sugar Land, Texas)--Linde plc (NYSE:LIN) (Woking, England) has signed a long-term agreement with Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas) for the offtake of carbon dioxide (CO2) from Linde's planned blue hydrogen facility in Beaumont, Texas, the industrial gasses producer said Tuesday.
ExxonMobil will transport and permanently store up to 2.2 million metric tons of carbon dioxide per year from Linde's hydrogen production facility, Linde said in a press release.
"ExxonMobil's agreement with Linde underscores our growing momentum in providing industrial customers with large-scale solutions to sequester carbon dioxide emissions," said Dan Ammann, president of ExxonMobil Low Carbon Solutions. According to an investor presentation on Tuesday, ExxonMobil could see hundreds of billions of dollars in revenue from its Low Carbon Solutions business in 10 years as companies ramp up decarbonization.
Linde plans to build, own and operate a complex to supply hydrogen and nitrogen to OCI Global's (Amsterdam, Netherlands) new, 1.1 million-ton-per-year blue ammonia plant.
Linde said its hydrogen facility would start up in 2025 and be integrated into its U.S. Gulf Coast industrial gas infrastructure. Linde also would supply hydrogen to other new and existing off-takers across its network, and supply atmospheric and rare gases to existing and new customers, Linde said. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can click here for the Linde project report.
OCI Global broke ground on its 1.1 million-metric-ton-per-year blue ammonia facility in Beaumont in December. The project, billed as the largest blue ammonia facility of its kind in Texas, "builds on OCI's existing U.S. nitrogen and methanol facilities, while supporting food security, U.S. energy independence and contributing to Texas' objectives of building a clean energy hub," OCI said in a December press release. The blue ammonia project is on track to start production in 2025, OCI continued.
"The project's site is adjacent to OCI's existing integrated, 1.4 million-metric-ton-per-year methanol-ammonia production facility in Beaumont and 1.8 million-metric-ton-per-year, 50%-owned methanol joint venture, Natgasoline, and leverages the significant and growing capabilities that exist in Southeast Texas for blue and green ammonia and hydrogen production," OCI said. Subscribers can click here for the OCI project report.
Subscribers can click here for all project reports referenced in this article and click here for the related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 Trillion (USD).
ExxonMobil will transport and permanently store up to 2.2 million metric tons of carbon dioxide per year from Linde's hydrogen production facility, Linde said in a press release.
"ExxonMobil's agreement with Linde underscores our growing momentum in providing industrial customers with large-scale solutions to sequester carbon dioxide emissions," said Dan Ammann, president of ExxonMobil Low Carbon Solutions. According to an investor presentation on Tuesday, ExxonMobil could see hundreds of billions of dollars in revenue from its Low Carbon Solutions business in 10 years as companies ramp up decarbonization.
Linde plans to build, own and operate a complex to supply hydrogen and nitrogen to OCI Global's (Amsterdam, Netherlands) new, 1.1 million-ton-per-year blue ammonia plant.
Linde said its hydrogen facility would start up in 2025 and be integrated into its U.S. Gulf Coast industrial gas infrastructure. Linde also would supply hydrogen to other new and existing off-takers across its network, and supply atmospheric and rare gases to existing and new customers, Linde said. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can click here for the Linde project report.
OCI Global broke ground on its 1.1 million-metric-ton-per-year blue ammonia facility in Beaumont in December. The project, billed as the largest blue ammonia facility of its kind in Texas, "builds on OCI's existing U.S. nitrogen and methanol facilities, while supporting food security, U.S. energy independence and contributing to Texas' objectives of building a clean energy hub," OCI said in a December press release. The blue ammonia project is on track to start production in 2025, OCI continued.
"The project's site is adjacent to OCI's existing integrated, 1.4 million-metric-ton-per-year methanol-ammonia production facility in Beaumont and 1.8 million-metric-ton-per-year, 50%-owned methanol joint venture, Natgasoline, and leverages the significant and growing capabilities that exist in Southeast Texas for blue and green ammonia and hydrogen production," OCI said. Subscribers can click here for the OCI project report.
Subscribers can click here for all project reports referenced in this article and click here for the related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 Trillion (USD).
