Global Infrastructure SherpaLandmark Emissions-Reduction Project in Louisiana Announced; CF Industries, ExxonMobil, EnLink Midstream to Collaborate
The $1.5 billion CCS project at CF Industries' Geismar complex will capture 2 million metric tons of CO2 annually. ExxonMobil will provide CO2 transportation and storage, leveraging 45.
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Counterparts (4)
Partner
CF Industries
CF Industries is a global manufacturer of hydrogen and nitrogen products, including ammonia and urea, for agricultural, industrial, and clean energy applications. Headquartered in Deerfield, Illinois, USA, the company operates nine manufacturing complexes across North America and the UK, employing approximately 3,000 people, and is a key player in the decarbonization of industrial processes and the development of green and blue ammonia.
ExxonMobil
ExxonMobil is an energy and chemical company that develops and applies next-generation technologies to help safely and sustainably meet the world’s growing energy needs. They invest in a portfolio of projects and technologies to address the dual challenge of meeting the world’s growing energy needs while reducing emissions.
EnLink Midstream
EnLink Midstream is a midstream service provider, focused on creating value for customers and investors by providing diversified services for crude oil, natural gas, and NGLs. They operate assets across several strategic basins and are committed to safe and responsible operations.
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Global Infrastructure Partners, with over $100 billion in assets under management, is developing a landmark industrial carbon capture and storage project in Louisiana. This initiative brings together CF Industries, a global manufacturer of hydrogen and nitrogen products, with energy and chemical giant ExxonMobil and midstream provider EnLink Midstream. The collaboration aims to significantly reduce industrial emissions through the development of critical infrastructure. This strategic alignment leverages each partner's core competencies to advance clean energy applications.
- Global Infrastructure Partners (GIP) is the developer with over $100 billion in assets under management.
- The project involves collaboration between CF Industries, ExxonMobil, and EnLink Midstream.
- The initiative, announced on October 12, 2022, targets industrial emissions reduction in Louisiana.
- CF Industries is a global manufacturer of hydrogen and nitrogen products for clean energy applications.
Timeline
Announced
Oct 12, 2022
Signed
Closed
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