By: ICN Bureau
Last updated : September 12, 2023 7:07 pm
CF Industries is the world’s largest producer of ammonia
ExxonMobil has entered an agreement to store up to 2 million metric tons per year of CO2 captured from CF Industries’ ammonia plant in Donaldsonville, starting in 2025. The emissions savings are equivalent to replacing 700,000 gasoline-powered cars with electric vehicles (EVs). That’s more than all the EVs sold in the United States last year.
CF Industries is the world’s largest producer of ammonia. While ammonia is often associated with household cleaning products, it actually has a higher calling: ammonia is the key ingredient in nitrogen fertilizer, used in about half of the world's food production.
ExxonMobil has 30-plus years of carbon capture experience. Today, its Low Carbon Solutions business is scaling up our ability to capture, transport and store CO2 for our customers – including CF Industries – to help them reduce emissions.
With nearly 80% of the world’s energy-related greenhouse gas emissions coming from sectors like heavy industry (including ammonia production), commercial transportation and power generation, tackling the climate challenge will require big solutions like the ones ExxonMobil is scaling up – including CCS, hydrogen and advanced biofuels.
As Dan Ammann, President of ExxonMobil’s Low Carbon Solutions business, noted in a recent presentation to investors, our CCS agreement with CF is an example of how we’re “helping to accelerate the world's path to net zero by making that path economically viable and making it executable at a scale that matters.”