Inspenet, June 3, 2023
Nucor , the US steel company signed an agreement with ExxonMobil to reduce emissions at Nucor’s direct reduced iron (DRI) plant in Convent, Louisiana.
Under the carbon capture and storage (CCS) agreement, Exxon will capture up to 800,000 metric tons per year of CO₂ from the DRI plant before it is transported to and stored at an ExxonMobil-owned facility in Louisiana.
Nucor Chairman, President and CEO Leon Topalian said, “This transformative CCS project with ExxonMobil is a key part of our decarbonization strategy and will result in some of the lowest embodied carbon DRIs or HBIs in North America. .
“We are taking a multi-pronged approach to decarbonization, and this partnership builds on previous investments we have made in a carbon-free iron start-up, renewable power generation, and the development of small modular nuclear reactor technology,” he noted.
Green Innovation: Nucor and ExxonMobil Lead Steel Industry Transformation at Convent
With an expected commissioning of 2026, the project is expected to contribute to Louisiana’s goal of achieving net zero CO₂ emissions by 2050.
Nucor’s facilities are equipped to produce DRI, which is a raw material used in the production of high-quality steel products for automobiles, appliances, and heavy equipment.
The carbon capture deal marks Exxon’s third announcement in the past seven months, following earlier ones with farm fertilizer maker CF Industries and industrial gas giant Linde.
Exxon said in a statement: “It also marks a milestone: bringing the total CO₂ we have agreed to transport and store for external customers to five million metric tons per year. That’s the equivalent of replacing approximately two million gas-powered cars with electric vehicles, which is roughly equal to the total number of electric vehicles on US roads today.”
Source : Rumbo Minero
Photos : Shutter Stock
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