ExxonMobil Corp. has signed a carbon capture and storage (CCS) agreement with steel producer Nucor Corp.
The agreement calls for ExxonMobil to capture, transport, and store up to 800,000 metric tons/year (tpy) of CO2 from Nucor’s plant in Convent, La., and store it at ExxonMobil-owned infrastructure in Louisiana, the companies said separate releases June 1.
The direct reduced iron (DRI) plant produces a raw material used to make steel products including automobiles, appliances, and heavy equipment.
The project, expected to start-up in 2026, will tie into the same CO2 transportation and storage infrastructure as used by ExxonMobil’s CF Industries project. ExxonMobil has a transportation agreement with EnLink Midstream.
The deal with Nucor marks ExxonMobil's third carbon capture agreement detailed in the past 7 months following previous ones with industrial gas company Linde and CF Industries, maker of agricultural fertilizer.
The deal brings the total CO2 ExxonMobil has agreed to remove for customers to 5 million tpy.
