Exxon Mobil Corp. said Thursday that it will store carbon dioxide (CO2) emitted by Nucor Corp. to 800,000 metric tonnes per annum (mtpa), in a deal that brings its carbon capture commitments with industry customers to five million mtpa.
The capture, transport and storage deal with the top U.S. steel producer involves Nucor’s direct reduced ironmaking plant project in the state of Louisiana that is expected to start up in 2026, it said. ExxonMobil said in a statement.
This is their third carbon capture agreement.
Linde PLC announced on April 4 a pact with the global energy giant to eliminate climate-damaging emissions from its first clean hydrogen production facility in the state of Texas. From the plant, which is expected to start operating in 2025, ExxonMobil will transport up to 2.2 million mtpa for permanent storage, “equivalent to the emissions of almost half a million cars a year” , Linde, supplier of gas and gas engineering solutions, said in a press release. .
CF Industries Holdings Inc. it will also have up to two million mtpa of CO2 permanently stored by ExxonMobil. The deal announced in a joint statement on Oct. 12 involves the hydrogen and nitrogen producer’s Louisiana plant that is expected to open in 2025.
“Our agreement with Nucor is the latest example of how we are delivering on our mission to help accelerate the world’s path to net zero and build a compelling new business,” said Dan Ammann, president of ExxonMobil for low carbon solutions, in Thursday’s announcement.
The deal with Charlotte-based Nucor “marks a milestone: the total CO2 we have agreed to transport and store for third-party customers at 5 million metric tons per year (MTA),” ExxonMobil said. “This is equivalent to replacing approximately 2 million gasoline cars with electric vehicles, which is roughly equal to the total number of electric vehicles currently on US roads.”
ExxonMobil will use the same transportation and storage infrastructure under its agreement with CF Industries.
ExxonMobil unveiled on April 4 a strategy for low-carbon solutions focused on “the most difficult sectors to decarbonize, such as heavy industry, commercial transport and power generation, which together account for 80% of global energy-related CO2 emissions”.
Thursday’s announcement comes a day after ExxonMobil shareholders voted against several proposals that would tighten the company’s climate roadmap, including establishing a framework to reduce Scope 3 emissions, or indirect, and reduce fossil fuel sales.
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