Exxon joins sound storage project

today announced its participation in a major European research initiative aimed at evaluating the role that Carbon Capture and Storage (CCS) technology may play in reducing greenhouse gas emissions.

ExxonMobil says it will contribute over €1m and provide technical guidance to the CO2ReMoVe project, sponsored by the European Commission Directorate General for Research.

Over the next five years, CO2ReMoVe will evaluate a range of technologies to monitor the injection and storage of carbon dioxide (CO2) from gas streams at the Sleipner and Snohvit fields in the Norwegian North Sea, at In Salah in the southern Saharan desert in Algeria and in Ketzin, Germany. ExxonMobil shares in the ownership of the North Sea Sleipner gas field where over one million tonnes of CO2 have been sequestered each year since 1998.

The project aims to provide a sound scientific basis for establishing guidelines for the certification of future sites for CO2 storage.