ExxonMobil has announced greenhouse gas reduction measures that are expected to lead to significant improvements in emissions performance by 2020. The company intends to reduce oil and gas methane emissions by 15% and flared gas volumes by 25% across its global oil and gas operations by 2020. The company also announced its intention to improve its industry-leading energy efficiency in refining and chemical manufacturing facilities.
ExxonMobil has spent more than US$9 billion on lower-emission energy solutions, such as cogeneration, flare reduction, energy efficiency, biofuels, carbon capture and storage and other technologies, since 2000.
The company is undertaking a number of initiatives to significantly reduce methane emissions. XTO Energy’s leak-detection-and-repair efforts and operational improvements at US production and midstream sites have reduced estimated methane emissions across ExxonMobil operations by 2% in the past year. Combined with additional measures outside the US, focused on the most significant sources of methane, the company expects to achieve a 15% reduction of methane emissions by 2020 compared with 2016.
ExxonMobil is one of eight global energy companies that supports guiding principles on methane reduction. The principles focus on continually reducing methane emissions, advancing strong performance across gas value chains, improving accuracy of methane emissions data and advocating sound policies and regulations on methane emissions. Moreover, the company is a founding member of the API’s Environmental Partnership, which is focused initially on reducing methane and volatile organic compound emissions.
Efforts associated with oil and gas production and processing are expected to lower natural gas flaring across ExxonMobil operations by approximately 25% by 2020 compared with 2016. The most significant reductions are expected to occur in operations in West Africa and include use of third-party infrastructure.
ExxonMobil is a charter member of the Global Gas Flaring Reduction Public-Private Partnership, which is committed to developing commercial opportunities to reduce flaring. The partnership is comprised of oil-producing countries, international and state-owned oil companies and the World Bank.
Further greenhouse gas emissions reduction efforts will target ExxonMobil’s global refining and chemicals manufacturing network with the goal of improving existing leading energy efficiency performance.
ExxonMobil is an energy efficient refining company, both in the US and internationally. The company has achieved a 10% improvement in energy efficiency across its global refining operations following an effort launched in 2000. The company refining operations ranked in the first quartile for energy efficiency in every Solomon Refining Industry Survey over the past decade. Advanced efficiency technologies and techniques have helped ExxonMobil’s chemical business reduce its net greenhouse gas emissions intensity by nearly 7% since 2013.
ExxonMobil remains committed to mitigating emissions from its operations and helping consumers reduce their emissions, including through efficient fuels, lubricants and lightweight plastics.
Read the article online at: https://www.hydrocarbonengineering.com/the-environment/25052018/exxonmobil-sets-emission-reduction-targets/