ExxonMobil, Nucor Corporation Ink Carbon Capture Agreement to Reduce Emissions

ExxonMobil, Nucor Corporation Ink Carbon Capture Agreement to Reduce Emissions

ExxonMobil and Nucor Corporation inked the newest carbon capture and storage (CCS) agreement to create momentum for helping industrial customers reduce emissions.

This new lower-carbon agreement will capture, transport, and store up to 800,000 metric tons per year of CO2 from Nucor’s manufacturing site in Convent, Louisiana.

The Nucor project, that’s expected to start up in 2026, will bring the total CO2 the company has agreed to transport and store for third-party customers to 5 million metric tons per year (MTA). That’s equivalent to replacing approximately 2 million gasoline-powered cars with electric vehicles, which is roughly equal to the total number of EVs on US roads today.

“Our agreement with Nucor is the latest example of how we’re delivering on our mission to help accelerate the world’s path to net zero and build a compelling new business,” said Dan Ammann, president of ExxonMobil Low Carbon Solutions. “Momentum is building as customers recognize our ability to solve emission challenges at scale.”

 

 

 

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