Thread regarding ExxonMobil Corp. layoffs

Shell CCS in Houston. Worlds Largest

Shell’s Cansolv* CO₂ technology chosen for one of the world’s largest carbon capture projects at a gas fired cogeneration power station. 5 million tons annually at Calpine power plant.

https://www.shell.com/business-customers/catalysts-technologies/resources-library/trade-release-shell-catalysts-and-technologies-and-calpine-deer-park-energy-center.html

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Post ID: @OP+1eIft7NO

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@2xkt+1eIft7NO We captured the most CO2 because we also produced a whole lot. LaBarge, Wyoming, where we produce helium, is like 60% CO2 and we "capture" that CO2 and inject it back into the ground.

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Post ID: @gpog+1eIft7NO

@2xkt - yes, that's the claim ..... more than 120 million tonnes, over a 30 year period. But a "claim" is all it is. You know how this company works. A set of calculations, based on a bunch of assumptions (theoretical plant operating capacity, capture efficiency rates, etc.) and lumping in absolutely anything they can with partial credits from equipment supplied or lent out to other companies (e.g. flue scrubbers). No one actually has an accurate inventory on the amount of CO2 that has been removed from the atmosphere. They just hope not to be challenged on the numbers because: "Hey - at least we're doing something!"

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Post ID: @fnde+1eIft7NO

Don't we claim to be first because "we" have captured more than anybody else?

"120M metric tons of CO2
ExxonMobil has cumulatively captured more CO2 than any other company – 120 million metric tons – accounting for approximately 40 percent of all the anthropogenic CO2 that has ever been captured."

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Post ID: @2xkt+1eIft7NO

@1zhs - it's typical for any company to claim, publicly, that they are #1. No one wants to tell shareholders and investment companies that they are #3. Inside Annandale though, it is well known that "our" CCS technology is only the 3rd best .... and a distant 3rd at that. I say "our" (in quotes) because we all know that it isn't EM technology - it was invented and produced by a company called "Global Thermostat" and EM's involvement is really just helping them with scale-up.

As usual, EM were late to the game and by the time they became interested (primarily by the prospect of government subsidies), Global Thermostat were the only company with direct air capture technology who weren't already contracted with EM's competitors. And if you read the article at this link (https://www.bloombergquint.com/business/inside-america-s-race-to-scale-carbon-capture-technology), you will understand why. They are a company run by unscrupulous managers who were less-than-stellar academics, who appear to have fabricated stories about contracts, partnerships and investments, and who have consistently over-promised on what it can actually deliver. In fact, when EM first handed over $15 million to them, they didn't have any commercialized technology.

While you might have thought that sensible business people and researchers would have run away from a deal with "Global Thermostat" (and pre-merger Exxon certainly would have), the truth is that this has become the way that CSR operates. With the leadership of Dr Syrup, CSR has established a track record of over promising, over spending, under delivering, recycling old projects and leveraging knowledge from 3rd party companies and universities to claim it as its own. Therefore it seems logical to me that the CCS work is just the same as the research into Algae - a complete sham, a smoke and mirrors deception for PR purposes only.

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Post ID: @1eaf+1eIft7NO

@OP They’re greenwashing to score tax subsidies.

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@1zhs That’s true across the industry. There hasn’t been any real investment in technological innovation for well over a decade. This is partly because most technological innovation leads away from hydrocarbons, not toward them.

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Post ID: @1zkc+1eIft7NO

And Exxon (CSR frauds) is still claiming to be the leader and for those who don’t know Exxon claims to be the one “inventing this new technology.” Truly a yesterdays technology, tomorrow, company. Shame on blatant research frauds.

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Post ID: @1zhs+1eIft7NO

So happy government subsidies are keeping the competition afloat.

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Post ID: @1oek+1eIft7NO

And what is our accomplishment? A f%&*ing robotic dog & algae..

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Post ID: @1mch+1eIft7NO

Doesn't matter whose CCS it is, the important thing is that it enables continuing gas consumption. Keep the users streaming!

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Post ID: @mgm+1eIft7NO

I thought LCS was working the ship channel?

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Post ID: @qcw+1eIft7NO

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