North American steel producer Nucor has entered into an agreement with oil and gas firm ExxonMobil to capture, transport, and store carbon dioxide (CO2) from the company’s direct reduce iron (DRI) plant in Covent, Louisiana.
ExxonMobil today (1st June) confirmed that it will capture up to 800,000 metric tonnes of CO2 per annum from facility and store the captured product at its site in Louisiana.
It is thought the effort will begin in 2026 and help Louisiana achieve Net Zero by 2050.
Leon Topalian, Chair, President, and CEO of Nucor Corporation, said the partnership is key to the company’s decarbonisation strategy and will result in some of the lowest embodied carbon DRI in North America.
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