Exxon and Chevron see natural gas and carbon capture technology playing a key role in meeting AI’s power needs.
Exxon plans to build a natural gas plant to power a data center and use carbon capture technology to slash the plant's emissions.
Exxon has invested heavily in building a carbon capture network along the Gulf Coast with more than 900 miles of pipeline to transport CO2 from several industrial customers to permanent storage sites. The oil major estimates decarbonizing AI data centers could represent up to 20% of its total addressable market for carbon capture and storage by 2050.
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