ExxonMobil's $10B Splash, Boeing bolsters e-SAF

The Low Carbon Briefing

  • ExxonMobil committed to a $10 billion investment in Indonesia, focusing on petrochemical industry expansion and the development of a Carbon Capture and Storage hub.

    • We are tracking 13 proposed carbon storage hubs in Indonesia being developed by ExxonMobil, BP, Mitsui, Repsol, and PetroChina among others

  • CEMEX’s Knoxville facility and Holcim’s Haggartown plant are recent award benefactors to develop carbon capture, removal, and conversion test centers at these facilities. These are 2 of the 5 funding winners that share up to $100 million from the Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM)

  • A boon to the ammonia industry. After many blue ammonia project announcements and slower than anticipated commercial development around the world - ExxonMobil and Trammo sign a Heads of Agreement to supply 300,000 to 500,000 tons of low-carbon ammonia from ExxonMobil’s flagship Baytown Blue Hydrogen Facility.

  • Boeing is investing an undisclosed amount in the development of green-hydrogen-based sustainable aviation fuel (e-SAF) production projects with Norwegian producer Norsk e-Fuel. CarbonStorage.io is tracking all 5 Norsk e-Fuel’s projects. Each facility is expected to produce between 50 to 100 million gallons of e-Kerosene in Norway or Finland.

  • Freija has begun the front-end engineering and design (FEED) studies for a large-scale green hydrogen-based e-methanol project in on their 37 acre site in Nokia, Finland. The project’s goal is to produce e-Natural Gas from green hydrogen and biogenic CO2, with each phase producing 58,000 tonnes of green fuel per year. This process is already RFNBO certified compliant to sell into the European market.

    • Read King and Spalding’s excellent write-up for the challenges non-European projects are facing.

  • Liquid Wind and TSE announce an MOU for the development of an eFuel facility in Naantali, Finland. The e-Fuel facility is planned to be adjacent to TSE’s local Power Plant Naantali 4 which will deliver160,000 tons biogenic CO2 and steam for the production of e-Methanol in addition to other project synergies. The facility will produce 100,000 tons per year of e-Methanol with a 2026 FID and operational in 2029.

  • Spanish renewables developer Reolum has chosen the e-methanol technology of Johnson Matthey for a project in Spain that forms part of the larger La Robla Green green energy complex. Reolum picks Johnson Matthey tech for e-methanol project in Castile and Leon, Spain. The project will be sized with a 50 MW electrolyzer to produce 140,000 tons e-Methanol per year. The project is supported by the European Investment Bank (EIB) and a final investment decision is expected in 2025.

  • Verdagy will supply 230 MW to U.S. Biorefiner Petron Scientech to produce over 45,000 tons per year of green hydrogen for integration into its biorefinery project for the production of e-methanol, e-SAF and renewable diesel.

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.