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Climate Change

ExxonMobil plans carbon capture network in Southeast Asia

Oil giant seeks to utilize region's depleted oil fields as storage space

A worker walks past a carbon capture facility in Canada. ExxonMobil plans to build a network of such facilities across Southeast Asia.   © Reuters

SINGAPORE -- ExxonMobil looks to build a network of carbon capture and storage facilities stretching across Southeast Asia, with Singapore serving as the collection hub of the new enterprise, the company's climate point man told Nikkei in an interview.

Singapore will collect and ship the global warming gas to storage facilities around the region via pipelines and ships, said Joe Blommaert, president for low carbon solutions at ExxonMobil.

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