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Latham & Watkins Advises ExxonMobil in Carbon Capture and Storage Agreement With Linde

April 21, 2023
Houston-based team advises on one of ExxonMobil’s largest carbon capture and storage projects to date.

ExxonMobil has announced a carbon capture and storage agreement with Linde. ExxonMobil will transport and permanently store up to 2.2 million metric tons a year of CO₂ from Linde’s US$1.8 billion clean hydrogen plant in Beaumont, Texas, scheduled to start operating in 2025. This is ExxonMobil’s largest such project to date.

Latham & Watkins LLP represented ExxonMobil in the transaction with a corporate team led by Houston partner Jonathan Castelan, with associates Sam Bentley and Kevin Donovan. Advice was also provided on tax matters by Houston partner Jim Cole; and on environmental matters by Orange County counsel Joshua Bledsoe.