Happy Wednesday! We have made it halfway through the week!
Did anyone
happen to read the Oil & Gas Journal’s Daily Update Newsletter on March
26, 2024, their article titled, “ExxonMobil’s Baytown decarbonization plan
could receive federal funding”? In the
article, it speaks about the U.S. Department of Energy (DOE) made an announcement
Monday, March 25thannouncing the contenders for the $6 billion for decarbonization
projects allocated from the Bipartisan Infrastructure Law and Inflation
Reduction Act, and ExxonMobil’s Baytown olefins plant carbon reduction project made
the cut and may get up to $331.9 million.
ExxonMobil plans to change the plant’s high heat-fired equipment from
natural gas to clean hydrogen for use in making its product ethylene. The new technology is expected to reduce 2.5
million tons per year (tpy) of carbon emissions which will help the air quality
in the communities around the plant. ExxonMobil’s
project should make about 400 new construction jobs and apprenticeship
positions additionally the current ExxonMobil ethylene plant employees will be upskilled
in use of emerging clean energy (clean hydrogen) helping with the transition from
oil and gas. ExxonMobil’s updated Baytown
olefins plant includes plans on helping the community by establishing three
programs which will help with the transition to clean energy which include a new
training center, a STEM fields learning area, and an area small enterprise development
program. In addition, their plan includes
establishing a community advisory panel to aid their existing panel, so they may
get input from their neighboring community because when companies and communities
work together it is when progress in a promising future happens! If you would like to read more of the Oil
& Gas Journal’s article, please click the link: ExxonMobil’s
Baytown decarbonization plan could receive federal funding | Oil & Gas
Journal (ogj.com).
If you would
like to read more about the awardees for the DOE’s decarbonization projects for
Chemicals and Refining, please click the link: Industrial Demonstrations Program Selections for Award Negotiations: Chemicals and Refining | Department of Energy
If you would
like help in looking into how to transport your product efficiently, safely, and
with less of a carbon footprint or just find out what is underneath your feet
to help with your emission reduction goals, contact us via email in the blog
and check out our ESC's website!
We hope you have a wonderful evening and a productive week!
**Disclaimer: You may be charged a fee to read The Oil
and Gas Journal’s article. **