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Optimizing to meet global demand and higher living standards
- Improved global living standards are boosting demand for liquid fuels.
- With population increasing, global energy demand for transportation is expected to rise 20% by 2050.
- We are uniquely positioned to adapt to meet society’s need for fuels.
Article
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2 min read
• April 23, 2025
Calpine, ExxonMobil sign CO2 transportation and storage agreement for power generation project
- ExxonMobil to transport and store up to 2 million metric tons per year of CO2 from Calpine’s natural gas power generation facility.
- Calpine plans to produce ~500 megawatts of reliable low-carbon electricity, enough to power more than 500,000 homes.
- Project expected to bolster U.S. energy, strengthen industry competitiveness, and create jobs.
News releases
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2 min read
• April 23, 2025
Bringing carbon capture and storage to scale
- Industrial facilities and power plants emit around two-thirds of energy-related CO2.
- A new global business needs to be built to capture, transport, and store carbon.
- We’re utilizing the wide range of skills available in India to explore carbon capture and storage (CCS) opportunities in Asia Pacific and beyond.
News
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2 min read
• April 11, 2025
Carbon capture and storage: Indonesia's winning opportunity
- Captured carbon can be an opportunity for Indonesia.
- Indonesia can use its oil and gas experience to lead the growing carbon capture and storage (CCS) industry.
- The country has the right location and geology to become an Asia Pacific CCS hub.
News
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4 min read
• April 11, 2025
Why Europe's energy transition needs policy support
- Europe must become more competitive on the global stage.
- The region needs more investment to boost its economy and support climate goals.
- Supportive policies are key to meeting these objectives.
News
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2 min read
• April 11, 2025Sustainability and reports
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