Asphalt (also known as asphalt binder) is a sticky, black, and highly viscous liquid or semi-solid form of petroleum that is found in natural deposits or produced as a refined product in petroleum refineries. Asphalt in its conventional form can be used for various applications such as the construction of highway roads, expressways, city roads, airport […]

In the previous blog, we discussed the global CO2 emissions in the steel industry, primary and secondary production methods to produce steel, and touched on some of the key projects that can help the industry reduce its carbon footprint. In this blog, we will discuss the key drivers for decarbonization in the steel industry, competitive […]

After creating a new business unit, ExxonMobil Low Carbon Solutions in February, ExxonMobil announced plans to create a $100 billion multiuser carbon capture, utilization, sequestration, and storage (CCUS) hub in the Houston Ship Channel on the Gulf Coast of Texas in April 2021. The plan takes a collective approach to combatting climate change by leveraging […]

LNG exports have grown rapidly due to the surplus of cheap natural gas, coal-to-gas switching, and decarbonization incentives. While the potential of LNG is promising, its outlook is uncertain as its value proposition of low emissions is increasingly being challenged. Investor pressures on ESG and a push towards an energy transition are encouraging oil and […]

The steel industry followed by transportation and power generation is one of the three biggest producers of carbon dioxide (CO2). One ton of crude steel production currently results in around 1.4 tons of direct CO2 emissions. In 2020, the world total steel production was ~1,900 million tons and likely emitted a total of ~3 billion […]