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What major milestone will Exxon Mobil's CO2 storage project in Texas achieve by mid-2025?
2
Resolution / Starting Odds
Completion of infrastructure setup • 25%
First million tons of CO2 stored • 25%
Partnership with new emitters • 25%
No major milestone achieved • 25%
Exxon Mobil announcements or industry reports
Story
Exxon Mobil Secures 271,000 Acres in Texas for Largest US Offshore CO2 Storage, Agrees to Remove 6.7 Million Tons
Oct 10, 2024, 04:06 PM
Exxon Mobil has won the right to pump carbon dioxide beneath Texas state waters in the Gulf of Mexico, securing over 271,000 acres for offshore CO2 capture. The oil giant has agreed to remove 6.7 million tons of CO2 from emitters, expanding its Gulf Coast carbon storage network. This grants Exxon the largest U.S. offshore carbon storage site in Texas.
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Yes • 50%
No • 50%
Less than 5 million tons • 25%
5 to 10 million tons • 25%
10 to 15 million tons • 25%
More than 15 million tons • 25%
Construction started • 25%
Construction half-completed • 25%
Construction completed • 25%
No significant progress • 25%
Shell • 25%
BP • 25%
Chevron • 25%
None of these • 25%
Reaches 1 million tons of CO2 captured • 25%
Reduces cost per ton to below $100 • 25%
Achieves energy-neutral operation • 25%
Other milestone • 25%
Yes • 50%
No • 50%
Expansion of capacity • 25%
Partnership with another company • 25%
Significant technological upgrade • 25%
No major milestone • 25%
Yes • 50%
No • 50%
0 • 25%
1 • 25%
2 • 25%
3 or more • 25%