Nucor Corporation, a prominent steel and steel products manufacturer, has recently joined forces with ExxonMobil to initiate a groundbreaking project aimed at capturing, transporting, and storing carbon emissions from Nucor's direct reduced iron (DRI) plant in Convent, Louisiana. The partnership marks a significant milestone in Nucor's decarbonization strategy and solidifies its commitment to sustainable steel production.Under the agreement, ExxonMobil will undertake the task of capturing up to 800,000 tons per year of CO₂ emitted by the DRI plant. This captured carbon will then be stored at an ExxonMobil-owned facility in Louisiana, showcasing the company's dedication to reducing greenhouse gas emissions and advancing carbon capture and storage (CCS) technology.Leon Topalian, Chair, President, and Chief Executive Officer of Nucor Corporation, expressed enthusiasm for the transformative potential of the collaboration, stating, "This CCS project is a key element of our decarbonization strategy and will result in the production of some of the lowest embodied carbon DRI or HBI in North America." Emphasizing Nucor's multifaceted approach to decarbonization, Topalian mentioned the company's previous investments in carbon-free iron start-ups, renewable energy generation, and small modular nuclear reactor technology.
Nucor Corporation, a prominent steel and steel products manufacturer, has recently joined forces with ExxonMobil to initiate a groundbreaking project aimed at capturing, transporting, and storing carbon emissions from Nucor's direct reduced iron (DRI) plant in Convent, Louisiana. The partnership marks a significant milestone in Nucor's decarbonization strategy and solidifies its commitment to sustainable steel production.Under the agreement, ExxonMobil will undertake the task of capturing up to 800,000 tons per year of CO₂ emitted by the DRI plant. This captured carbon will then be stored at an ExxonMobil-owned facility in Louisiana, showcasing the company's dedication to reducing greenhouse gas emissions and advancing carbon capture and storage (CCS) technology.Leon Topalian, Chair, President, and Chief Executive Officer of Nucor Corporation, expressed enthusiasm for the transformative potential of the collaboration, stating, "This CCS project is a key element of our decarbonization strategy and will result in the production of some of the lowest embodied carbon DRI or HBI in North America." Emphasizing Nucor's multifaceted approach to decarbonization, Topalian mentioned the company's previous investments in carbon-free iron start-ups, renewable energy generation, and small modular nuclear reactor technology.
