askarim/Shutterstock Exxon Mobil’s agreed acquisition of US CO2 specialist Denbury has catapulted it way ahead of other carbon capture-as-a-service hopefuls thanks to extensive existing infrastructure and third-party deals.The move solidifies Exxon’s view that economically viable carbon capture and storage (CCS) projects exist today, even if the concept needs significant cost reductions and policy support to fulfill its potential.Exxon’s expanded position will likely give it a considerable edge in terms of attracting more business but also raises the company's reliance on CCS becoming a massive new industry. Save for later Print Download Share LinkedIn Twitter The Issue
