The BECCS facility will generate clean energy from biomass while capturing the resulting CO2 emissions. ExxonMobil's integrated system — including Class VI wells, existing pipelines, and advanced monitoring systems — will enable efficient, secure, and cost-effective CO2 transportation and storage for AtmosClear's carbon removal project, which will provide CDR credits for Microsoft and other customers.
Fidelis Co-Founder and CEO, Dan Shapiro said, "We are excited to announce our carbon transport and storage agreement with ExxonMobil, a collaboration that enables large-scale carbon removal for AtmosClear. ExxonMobil was selected for its extensive existing infrastructure, world-class safety culture, and proven operational excellence, making them the clear choice for AtmosClear's facility.
"This agreement is a critical step toward delivering CDR credits to Microsoft under the Carbon Removal Unit Purchase Agreement we signed in March, one of the largest Carbon Dioxide Removal purchase agreements in history to date. By leveraging ExxonMobil's unmatched expertise and mature CCS systems, we can deliver high-integrity carbon removals with strong economic advantages through scalable, cost-efficient operations while ensuring the highest standards of safety and reliability."
President of ExxonMobil Low Carbon Solutions, Barry Engle said, "We're proud to be the selected transportation and storage provider for this exciting project — which is set to create jobs, drive investment in local communities, and strengthen America's energy future.
"Louisiana is where energy meets opportunity. With this agreement, we've now signed five offtake contracts with Louisiana customers and are continuing to scale our one-of-a-kind CCS system, the largest in the world."
