United States Steel and CarbonFree Chemicals Holdings have signed a non-binding Memorandum of Understanding to jointly pursue the capture of CO2 emissions generated from US Steel’s Gary Works manufacturing plant using CarbonFree’s SkyCycle™ technology. If a definitive agreement is reached, the project is expected to capture and mineralize up to 50,000 metric tons of CO₂ per year.The MoU establishes a framework for discussions regarding the formation of a commercial venture. The decision between CarbonFree and US Steel to enter into a definitive agreement is expected to be made prior to the end of 2023, and if a final agreement is executed, the parties are targeting 2025 for commencement of operations. The parties may also consider collaborating on more carbon capture, utilization and storage projects in the future.CarbonFree’s patented SkyCycle™ technology, modular, scalable & patented, captures carbon emissions from hard-to-abate industrial sources before entering the atmosphere, converts the CO₂ into the specialty chemical precipitated calcium carbonate and produces hydrochloric acid as a co product.Located in Gary in Indiana, US Steel’s Gary Works has annual production capability of 7.5 million net tons of raw steel per year.
United States Steel and CarbonFree Chemicals Holdings have signed a non-binding Memorandum of Understanding to jointly pursue the capture of CO2 emissions generated from US Steel’s Gary Works manufacturing plant using CarbonFree’s SkyCycle™ technology. If a definitive agreement is reached, the project is expected to capture and mineralize up to 50,000 metric tons of CO₂ per year.The MoU establishes a framework for discussions regarding the formation of a commercial venture. The decision between CarbonFree and US Steel to enter into a definitive agreement is expected to be made prior to the end of 2023, and if a final agreement is executed, the parties are targeting 2025 for commencement of operations. The parties may also consider collaborating on more carbon capture, utilization and storage projects in the future.CarbonFree’s patented SkyCycle™ technology, modular, scalable & patented, captures carbon emissions from hard-to-abate industrial sources before entering the atmosphere, converts the CO₂ into the specialty chemical precipitated calcium carbonate and produces hydrochloric acid as a co product.Located in Gary in Indiana, US Steel’s Gary Works has annual production capability of 7.5 million net tons of raw steel per year.
