- ExxonMobil to store up to 2 million metric tons of CO2 annually from Calpine's Baytown Energy Center.
- The CO2 will connect to ExxonMobil's pipeline system along the U.S. Gulf Coast.
- Calpine's project aims to generate 500 megawatts of low-carbon electricity.
- Project progress depends on government policy, power sales agreements, and regulatory permits.
Agreement Overview
Exxon Mobil Corporation has signed an agreement with Calpine Corporation to transport and permanently store up to 2 million metric tons per annum of CO2 from Calpine’s Baytown Energy Center near Houston. This initiative is part of Calpine’s Baytown Carbon Capture and Storage (CCS) Project, aimed at capturing CO2 emissions to supply low-carbon electricity and steam to industrial facilities.
Infrastructure and Capacity
The CO2 captured from Calpine’s facility will be integrated into ExxonMobil’s extensive CO2 pipeline system, strategically located along the U.S. Gulf Coast. This system supports both enhanced oil recovery and permanent CO2 sequestration, marking ExxonMobil’s sixth CCS customer and increasing its total CO2 under contract to approximately 16 million metric tons annually.
Project Impact
Calpine’s Baytown CCS Project is expected to produce about 500 megawatts of low-carbon electricity, sufficient to power over 500,000 homes, alongside providing steam for industrial use. The project is anticipated to create significant construction and permanent jobs, contributing to the local economy.
Future Considerations
The advancement of this project is contingent on supportive government policies, customer power sales agreements, and obtaining necessary regulatory permits. The collaboration between ExxonMobil and Calpine highlights the potential of CCS technology in meeting energy demands while addressing environmental concerns.
