Bids to secure engineering, procurement and construction contracts for a carbon capture and storage (CCS) expansion at the LaBarge natural gas facility in Wyoming are advancing, ExxonMobil said Thursday.

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LaBarge to date has captured an estimated 6-7 million metric tons (mmt) of carbon dioxide (CO2), making it the largest project of its kind in the world, the supermajor said. As envisioned, the expansion, estimated to cost about $400 million, could capture about 1 mmt/year of carbon emissions.

The investment “underscores our commitment to advancing CCS projects around the world,” said ExxonMobil’s Joe Blommaert, president of the Low Carbon Solutions business. “This technology is critical to help meet society’s lower-emissions goals, and with the right policies in place,...