Jul. 16 at 2:53 PM
$FCEL The era of carbon capture has arrived!
In recent years, there has been uncertainty about whether governments would accept low-carbon initiatives or only zero-carbon solutions, as advocated by environmentalists.
However, now that governments worldwide are embracing and promoting both low-carbon strategies and carbon capture with incentives, ExxonMobil can finally massively roll out its Low Carbon Solutions business, established in 2021, with less fear of backlash from the public and greater certainty of long-term profitability.
ExxonMobil already possesses the technology; they were simply waiting for the right timing. If FuelCell's carbon capture technology hadn’t been sufficiently developed, ExxonMobil wouldn’t have used it for one of the world’s most prestigious carbon capture projects in Rotterdam. It serves as a showcase for potential customers.
