ExxonMobil seeks industry collaboration, govt support to set up carbon capture and storage project

An ExxonMobil refinery in Baton Rouge, Louisiana. The company says it has captured more than 40 per cent of human-made CO2 emissions worldwide since 1970.
An ExxonMobil refinery in Baton Rouge, Louisiana. The company says it has captured more than 40 per cent of human-made CO2 emissions worldwide since 1970.PHOTO: REUTERS

SINGAPORE - South-east Asia's policymakers can help breathe life into projects aimed at tackling emissions from pollutive industries by coming to an understanding on how to price carbon across the region.

Oil and gas major ExxonMobil has been studying the concept of placing CO2 capture hubs in some heavy industrial areas, such as in Singapore, and then connecting them to storage sites elsewhere in the region.

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