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Researched by Industrial Info Resources (Sugar Land, Texas)--United States Steel Corporation (U.S. Steel) (NYSE:X) (Pittsburgh, Pennsylvania) announced last week it has signed a non-binding memorandum of understanding (MOU) with CarbonFree Chemicals Holdings, LLC (CarbonFree) (San Antonio, Texas) to use CarbonFree's proprietary technology to capture carbon dioxide (CO2) emissions at the steel producer's Gary Steel Works in Indiana.
In a related press release, U.S. Steel said the MOU "establishes a framework for discussions regarding the formation of a commercial venture." If a definitive agreement is reached, the project is expected to capture up to 50,000 metric tons of CO2 per year at the Gary Steel Works facility--equivalent to almost 11,000 passenger cars.
In addition to capturing carbon, CarbonFree's SkyCycle technology converts carbon into calcium carbonate--which can be used to sequester the CO2.
The decision on an agreement is expected before the end of 2023, U.S. Steel said, and if a final agreement is executed, the companies are targeting 2025 to begin operations. In addition, "the parties may also consider collaborating on more carbon capture, utilization and storage projects in the future."
"As we aim to widely introduce and scale our technology to industrial facilities across the globe, we are thrilled for the possibility of bringing our SkyCycle technology's carbon capture capabilities to U.S. Steel's Gary Works plant, one of the largest integrated steel mills in North America," Martin Keighley, chief executive officer of CarbonFree, said in the press release. "We are committed to working closely with U.S. Steel to achieve their sustainability goals and to further our mission of helping to enable the world's transition to net zero carbon emissions."
Gary Steel Works has an annual production capacity of 7.5 million tons per year.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals project and plant databases can click here for a detailed project report, and click here for a detailed profile on Gary Steel Works.
Industrial Info also is tracking another carbon-reduction project at the Gary facility--the addition of a direct air capture and utilization system (DACUS) that can remove 5,000 metric tons per year of CO2 from ambient air and permanently mineralize it into concrete products. Construction is expected to kick off in June, with completion by the end of the year. Subscribers can click here for a detailed project report.
The DACUS technology is being developed by CarbonCure Technologies Incorporated (Halifax, Nova Scotia) and CarbonCapture Incorporated (Pasadena, California).
Last year, the United States Department of Energy's (DOE) National Energy Technology Laboratory awarded $3.4 million to support research and development for the project's front-end engineering design study.
Industrial Info is tracking $6.8 billion worth of active projects from U.S. Steel. Click here for a full list of reports.
Other major domestic steel producers are also exploring adding carbon-capture systems, and carbon, capture and storage (CCS), to decarbonize their operations. Cleveland-Cliffs Incorporated (NYSE:CLF) (Cleveland, Ohio), the largest steel supplier for the U.S. automotive market, is developing a CCS project at its Burns Harbor Steel Works in Indiana. The project entails completing the initial engineering design for a system capable of capturing 50% to 70% of CO2 emissions from the blast furnace gas at the site--up to 2 million tons of CO2 per year. Construction is expected to kick off in July, with completion by the end of the year. Subscribers can click here for a detailed project report.
Nucor Corporation (NYSE:NUE) (Charlotte, North Carolina) plans to install a carbon-capture system at its Ghent Gallatin Thin Slab Mill in Kentucky, to study the cost and effectiveness of implementing carbon-capture technology and the feasibility of replicating it at other electric arc furnace steel mills. The completion is expected in July. Subscribers can click here for a project report.
In a September 2022 report, Wood Mackenzie (Edinburgh, U.K.) estimated the iron ore and steel industry worldwide will require $1.4 trillion in capital investment to decarbonize the steelmaking process by 2050. For more information, see September 20, 2022, article - WoodMac: Iron Ore, Steel Decarbonization to Cost $1.4 Trillion.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
In a related press release, U.S. Steel said the MOU "establishes a framework for discussions regarding the formation of a commercial venture." If a definitive agreement is reached, the project is expected to capture up to 50,000 metric tons of CO2 per year at the Gary Steel Works facility--equivalent to almost 11,000 passenger cars.
In addition to capturing carbon, CarbonFree's SkyCycle technology converts carbon into calcium carbonate--which can be used to sequester the CO2.
The decision on an agreement is expected before the end of 2023, U.S. Steel said, and if a final agreement is executed, the companies are targeting 2025 to begin operations. In addition, "the parties may also consider collaborating on more carbon capture, utilization and storage projects in the future."
"As we aim to widely introduce and scale our technology to industrial facilities across the globe, we are thrilled for the possibility of bringing our SkyCycle technology's carbon capture capabilities to U.S. Steel's Gary Works plant, one of the largest integrated steel mills in North America," Martin Keighley, chief executive officer of CarbonFree, said in the press release. "We are committed to working closely with U.S. Steel to achieve their sustainability goals and to further our mission of helping to enable the world's transition to net zero carbon emissions."
Gary Steel Works has an annual production capacity of 7.5 million tons per year.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals project and plant databases can click here for a detailed project report, and click here for a detailed profile on Gary Steel Works.
Industrial Info also is tracking another carbon-reduction project at the Gary facility--the addition of a direct air capture and utilization system (DACUS) that can remove 5,000 metric tons per year of CO2 from ambient air and permanently mineralize it into concrete products. Construction is expected to kick off in June, with completion by the end of the year. Subscribers can click here for a detailed project report.
The DACUS technology is being developed by CarbonCure Technologies Incorporated (Halifax, Nova Scotia) and CarbonCapture Incorporated (Pasadena, California).
Last year, the United States Department of Energy's (DOE) National Energy Technology Laboratory awarded $3.4 million to support research and development for the project's front-end engineering design study.
Industrial Info is tracking $6.8 billion worth of active projects from U.S. Steel. Click here for a full list of reports.
Other major domestic steel producers are also exploring adding carbon-capture systems, and carbon, capture and storage (CCS), to decarbonize their operations. Cleveland-Cliffs Incorporated (NYSE:CLF) (Cleveland, Ohio), the largest steel supplier for the U.S. automotive market, is developing a CCS project at its Burns Harbor Steel Works in Indiana. The project entails completing the initial engineering design for a system capable of capturing 50% to 70% of CO2 emissions from the blast furnace gas at the site--up to 2 million tons of CO2 per year. Construction is expected to kick off in July, with completion by the end of the year. Subscribers can click here for a detailed project report.
Nucor Corporation (NYSE:NUE) (Charlotte, North Carolina) plans to install a carbon-capture system at its Ghent Gallatin Thin Slab Mill in Kentucky, to study the cost and effectiveness of implementing carbon-capture technology and the feasibility of replicating it at other electric arc furnace steel mills. The completion is expected in July. Subscribers can click here for a project report.
In a September 2022 report, Wood Mackenzie (Edinburgh, U.K.) estimated the iron ore and steel industry worldwide will require $1.4 trillion in capital investment to decarbonize the steelmaking process by 2050. For more information, see September 20, 2022, article - WoodMac: Iron Ore, Steel Decarbonization to Cost $1.4 Trillion.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
