Landmark Emissions-Reduction Project in Louisiana Announced; CF Industries, ExxonMobil, EnLink Midstream to Collaborate
Type: Development · Technology: Industrial · Country: United States · Announced: 2022-10-12
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.
Analysis
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.
Key points
- 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.
Counterparties
- EnLink Midstream (Partner)
- ExxonMobil (Partner)
- Global Infrastructure Partners (Developer)
- CF Industries (Partner)