Avi Salzman of Barron’s reports on Exxon Mobil’s efforts to decarbonize steelmaking.
- Exxon will capture carbon from a Louisiana steel plant owned by Nucor.
- The project is expected to start in 2026 and would capture 800,000 metric tons of CO2 annually–which is equivalent to removing nearly 180,000 cars from the road.
- Exxon is still waiting on the necessary permits to store the carbon, but the federal government will soon be giving the authority to regulate these projects to Louisiana.
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