ExxonMobil and Nucor recently announced a new partnership to capture, transport, and store 800,000 metric tons of CO2 per year from Nucor’s steel manufacturing plant in Louisiana.
Nucor’s plant produces direct reduced iron, a raw material used to make high-quality steel products like cars and appliances. This agreement will not only support Louisiana’s objective of net-zero CO2 emissions by 2050, but it also serves as an incredible example of U.S. industry commitment to deploying innovative technologies to reduce emissions, protect our domestic supply chains, and increase America’s competitive advantage.
The project is part of ExxonMobil ExxonMobil’s Low Carbon Solutions business, which works to lower carbon emissions and bring lower-emission technologies to market. In February, Erik Oswald, Vice President of Advocacy and Policy Development for the ExxonMobil’s Low Carbon Solutions participated in a CRES Forum briefing titled “Harnessing American Innovation,” to discuss how U.S. technology and innovation is leading to lower industrial emissions.
Voluntary efforts to reduce industrial emissions—while protecting American jobs and contributing to local Louisiana communities—are a strong step toward strengthening America’s manufacturing competitiveness and mitigating the impacts of climate change.