ExxonMobil signs carbon capture agreement with CF Industries in Mississippi

ExxonMobil entered a carbon capture and storage (CCS) agreement with CF Industries to transport and permanently store up to 500,000 metric tonnes per year (MTA) of captured CO2 from CF Industries’ complex in Yazoo City, Mississippi.

The project will enable CF Industries to reduce the site’s CO2 emissions by up to about 50%. Startup is planned for 2028.

With this agreement, the total CO2 ExxonMobil agreed to store for customers is up to 5.5 million MTA. That is equivalent to replacing about 2 million gasoline-powered cars with electric vehicles.

“We’re serious about expanding carbon capture – a safe, proven solution for hard-to-decarbonise industries,” said Dan Ammann, President of Low Carbon Solutions at ExxonMobil. “Our agreement with CF Industries is the latest example of how we can help industrial customers make significant progress, quickly and economically.” 

This is ExxonMobil’s second CCS project with Illinois-based CF Industries, and the first in Mississippi.

ExxonMobil has more than 30 years’ experience in carbon capture. We own and operate the largest CO2 pipeline network in the country. The first site to connect into that network will be CF Industries’ site in Donaldsonville, Louisiana. Startup remains on track for 2025.

“We’ve set ambitious goals to reduce our emissions from our operations, and CCS will play a key role in getting us there,” said Tony Will, President and CEO of CF Industries. “We are really pleased to expand our relationship with ExxonMobil for our second CCS project together as their leading expertise helps accelerate our decarbonisation journey.”