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ExxonMobil invests $2M in LSU research initiatives

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By LSU Media Center

November 14, 2023

Project Development Research 

LSU and ExxonMobil are collaboratively pursuing key priorities set forth in LSU’s Scholarship First Agenda, including by advancing energy security and sustainability initiatives, and to invest in local community workforce programs and athletics.

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A sustainable chemistry developed at the Department of Energy’s Oak Ridge National Laboratory for capturing CO2 from air has been licensed to Holocene, a Knoxville-based startup focused on designing and building plants that remove CO2 from the air.

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Nucor Corporation announced that it has signed an agreement with ExxonMobil to capture, transport, and store carbon from the company's direct reduced iron (DRI) plant in Convent, Louisiana.

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CNOOC Limited announced the official commissioning of China's first offshore CCS demonstration project. The project can store over 1.5 million tons of carbon dioxide, equivalent to planting nearly 14 million trees.

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Equatic emerges from the UCLA Samueli School of Engineering’s Institute for Carbon Management with a carbon dioxide removal agreement from The Boeing Company.

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Wood, the global consulting and engineering company is supporting Teck Resources Limited in piloting a new carbon capture plant at the Teck smelter in Trail, British Columbia.

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Rina and Eni have signed an agreement to jointly develop initiatives that can contribute to the energy transition and decarbonisation of respective operations and particularly maritime transport.

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Cement decarbonization pioneer Fortera has joined the Alliance for Low Carbon Cement and Concrete, alongside international NGO ECOS and ten other inaugural alliance members to make low carbon cement the norm.

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Klarna, the global payments network and shopping destination, announced that it will contribute a total of $2.35 million USD towards several climate initiatives as part of its ongoing commitment to tackle the climate crisis.

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Drax announced it will establish its North American headquarters for Bioenergy with Carbon Capture and Storage in Houston, Texas. The office will serve as the hub for Drax's team focused on bringing BECCS projects to fruition throughout North America

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RWE, the UK’s leading electricity generator, has announced plans to progress three new carbon capture projects as it leads the way towards helping decarbonise UK power.

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Daphne Technology has obtained a license from Saudi Aramco Technologies Company, a wholly owned subsidiary of Aramco, to further develop and commercialise its mobile carbon capture technology.

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