Calpine, ExxonMobil Sign CO2 Transportation and Storage Agreement for Power Generation Project
Exxon Mobil Corporation (XOM)
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Source: Business Wire
ExxonMobil to transport and store up to 2 million metric tons per year of CO2 from Calpine’s natural gas power generation facilityCalpine plans to produce ~500 megawatts of reliable low-carbon electricity, enough to power more than 500,000 homes Project expected to bolster U.S. energy, strengthen industry competitiveness, and create jobs SPRING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE: XOM) announced an agreement with Calpine Corporation, the nation’s largest producer of electricity from natural gas, to transport and permanently store up to 2 million metric tons per annum (MTA) of CO2 from Calpine’s Baytown Energy Center, a cogeneration facility near Houston. This is part of Calpine’s Baytown Carbon Capture and Storage (CCS) Project that is designed to capture the facility’s CO2 emissions, enabling the 24/7 supply of low-carbon electricity to Texas customers as well as steam to nearby industrial facilities.This agreement marks ExxonMobil’s sixth CCS customer, bringing
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