The European Union aims to reduce greenhouse gas (GHG) emissions in the region by at least 55% by 2030 and to be climate-neutral by 2050. ExxonMobil has announced a bold ambition to achieve net-zero Scope 1 and Scope 2 GHG emissions from operated assets by 2050 with the help of advances in technology and supportive government policies.
Among the European initiatives we’re involved in is the Acorn project in Scotland with which we have an MOU. This has the potential to capture and store 5 million tons of CO2 a year by 2030, including potential capture from the St Fergus complex at Peterhead and ExxonMobil’s Fife Ethylene Plant.
Also in the UK, ExxonMobil is a founding member of The Solent Cluster, which could see our Fawley petrochemical complex play a lead role in reducing emissions across the region and beyond, by capturing up to 10 million tonnes of CO2 annually, as well as industrial scale hydrogen and biofuel production. In the Netherlands, we’ve signed an agreement to advance our interest in the Port of Rotterdam CO2 Transport Hub and Offshore Storage (Porthos) project.
In this interview April Feick, Europe & Middle East regional director at ExxonMobil, explains that a variety of technologies, like hydrogen and carbon capture and storage, could help the company reduce emissions across its European facilities and meet its net-zero ambition.