ExxonMobil Low Carbon Solutions will undertake the capture, transportation, and storage of up to 800,000 metric tons annually of CO2 originating from Nucor’s manufacturing facility situated in Convent, Louisiana. This plant produces direct reduced iron (DRI), a fundamental ingredient for producing high-quality steel items such as automobiles, appliances, and heavy machinery.
The declaration signifies the third carbon capture agreement announced within the last seven months. This sequence follows prior agreements with Linde, an industrial gas corporation, and CF Industries, a manufacturer of agricultural fertilizers. The accomplishment is noteworthy, as it brings the total annual CO2 volume designated for transportation and storage for external clients to 5 million metric tons. This quantity can be equated to the displacement of roughly 2 million gasoline-powered cars with electric vehicles, an amount akin to the current count of EVs traversing US roads.
According to Dan Ammann, the President of ExxonMobil Low Carbon Solutions, the partnership with Nucor is a recent illustration of their commitment to advancing the world’s progression towards net-zero emissions and cultivating an appealing novel enterprise. Ammann underlines that the momentum is surging as customers acknowledge their capacity to tackle emission predicaments at a considerable scale.
The Nucor initiative, expected to initiate operations in 2026, will be integrated into the identical CO2 conveyance and storage structure used by the CF Industries undertaking. Additionally, this endeavour aligns with Louisiana’s aspiration to attain net-zero CO2 emissions by 2050.
As spotlighted in their recent Low Carbon Solutions Spotlight event, ExxonMobil Low Carbon Solutions is directing its attention to designing and implementing emission solutions for energy-intensive sectors within the economy, including sectors like steel manufacturing.