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Exxon Mobil's Canadian affiliate is moving toward a final investment decision on a carbon capture and storage (CCS) and renewable diesel scheme at an existing refinery in Edmonton, in response to heightened pressure for Exxon to accelerate its low-carbon investments. The plans, announced Wednesday, are Exxon's biggest to date in North America's fast-growing renewable diesel market, where numerous refiners are converting conventional capacity or adding biorefining capabilities at existing facilities (JFI Aug.13'21). The project, if sanctioned, would add 20,000 b/d of renewable diesel production capacity at affiliate Imperial Oil’s Strathcona refinery in Edmonton. “Exxon Mobil Low-Carbon Solutions has made the broad commercialization of carbon capture and storage our initial focus, and we are seeing increased momentum for projects that include hydrogen and biofuels,” Joe Blommaert, president of Exxon's Low-Carbon Solutions unit, said alongside the announcement. Exxon’s previous forays into biofuels were largely limited to modest R&D investments in algae biofuels and commitments to sell third-party renewable diesel volumes in California.

Carbon Capture (CCS), Low-Carbon Policy, Biofuels (incl. SAF), Corporate Strategy
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