ExxonMobil signs carbon capture agreement

ExxonMobil Low Carbon Solutions’ newest carbon capture and storage agreement with Nucor Corporation, North America’s largest steel producers demonstrates continued momentum in helping industrial customers reduce emissions.

They will capture, transport, and store up to 800,000 metric tons per year of CO2 from Nucor’s manufacturing site in Convent, Louisiana. The site produces direct reduced iron (DRI), a raw material used to make high-quality steel products including automobiles, appliances, and heavy equipment.

It’s the third carbon capture agreement ExxonMobil Low Carbon Solutions has announced in the past seven months, following previous ones with industrial gas company Linde and CF Industries, a maker of agricultural fertilizer.

It also marks a milestone bringing the total CO2 they’ve 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.

The Nucor project, expected to start up in 2026, will tie into the same CO2 transportation and storage infrastructure as utilized by their CF Industries project and supports Louisiana’s objective of reaching net-zero CO2 emissions by 2050.

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