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Saving Europe’s Core Industries: Cut the Red Tape
- Europe's petrochemical sector is on life support. Site closures are accelerating, with tens of thousands of jobs lost. And this erosion extends well beyond these sectors.
- ExxonMobil has been part of Europe's progress for more than 135 years and wants to be part of the solution.
- The urgency is real because European policy is preventing, not enabling, investment. The policy framework must offer a realistic business case that makes sense.
3 min read
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2025: Taking carbon capture and storage from momentum to impact
- We started up our first commercial CCS operation in 2025 with CF Industries in Louisiana.
- Our CCS portfolio spans multiple industries, with three projects expected to come online in 2026.
- We are targeting a final investment decision on our first Low Carbon Data Center by late this year.
2 min read
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Europe’s industrial future is under threat – but policy reform can change that
- The European Union’s (EU) Corporate Sustainability Due Diligence Directive (CSDDD) imposes unrealistic burdens on companies, discouraging investment and innovation.
- Current EU policy on advanced (also known as chemical) recycling undermines proven solutions to plastic waste, halts major investment in the region, and jeopardizes the EU’s ability to meet its plastic waste reduction targets.
- Without urgent regulatory reform, companies may be forced to scale back or cease operations in the EU, weakening Europe’s industrial base and slowing progress on decarbonization and economic security.
3 min read
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LNG: Powering progress today and tomorrow
- LNG is key to meeting rising global energy demand. As the world grows and prospers, we project natural gas demand to rise 20% by 2050.
- LNG strengthens energy security and reduces emissions, offering a reliable, lower-emission alternative to coal while complementing renewables and helping to insulate markets from geopolitical shocks.
- ExxonMobil is scaling up to meet future demand. We’ve got four major LNG projects in progress. By 2030, we expect to double our global LNG supply portfolio compared to 2020.
- We project LNG demand to rise by 3% annually through 2050, helping offset limited supply growth in parts of the market.
LNG
3 min read
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