ExxonMobil has entered into a carbon capture and storage (CCS) arrangement with US-based nitrogenous fertiliser manufacturing company CF Industries.  

The project, set to commence in 2028, will see Exxon transport and permanently store up to 500,000tpa of CO₂ per year from CF Industries' complex in Yazoo City, Mississippi. 

Through this initiative, CF Industries' Yazoo City facility, which produces nitrogen products for agricultural fertilisers and other essential goods, is expected to cut CO₂ emissions by up to 50%. 

With this collaboration, Exxon now has agreements in place to store up to 5.5 million tonnes of CO₂ annually for its customers. 

This volume of carbon storage is comparable to taking approximately two million gasoline-powered vehicles off the road and replacing them with electric vehicles (EVs), a figure that surpasses the total number of EVs sold in the US in 2023, the energy major said.  

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

CF Industries president and CEO Tony Will said: “We have set ambitious goals to reduce our emissions from our operations, and CCS will play a key role in getting us there. 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.” 

The agreement with CF Industries represents ExxonMobil's fourth CCS project and its second partnership with the nitrogenous fertiliser manufacturer. 

In a previous venture, ExxonMobil signed a CCS agreement with steel manufacturer Nucor.  

In March, ExxonMobil announced a collaboration with Shell and the Government of Singapore to explore a cross-border CCS project.