Jun 1st, 2023

Exxon Accelerates Carbon Capture in Deal With Top US Steelmaker

Exxon Mobil Corp. plans to capture and bury 800,000 tons of atmospheric emissions annually for steelmaker Nucor Corp. as the largest US oil producer expands its low-carbon business under an agreement announced Thursday. Exxon Low-Carbon Solutions President Dan Ammann said the project will begin operations in 2026. Ammann spoke with Alix Steel on "Bloomberg Markets: Americas."