ExxonMobil Aims Southeast Asian CCS Projects

Summary

ExxonMobil is focusing on building a carbon capture and storage (CCS) business in Asia. As quoted by Energyvoice.com, ExxonMobil assessed that there was over 300 billion tons of storage capacity potential in Southeast Asia alone. Tracy Lothian, ExxonMobil vice president of marketing, finance & commercial development, low carbon solutions, revealed that the company was teaming up with the Singapore energy center and various universities to further understand the region's storage capacity potential.

Meanwhile, the Indonesian government claimed that it had already mapped locations suitable for the implementation of CCS and CCUS projects. Director-General of Oil and Gas Tutuka Ariadji revealed that six potential CCUS projects were being studied. "There are already some data for capacity and initial implementation studies conducted by the oil and gas industry," he explained.

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