Tuesday, 23 April 2024

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U.S. Steel partners with CarbonFree for carbon capture project By Investing.com

U.S. Steel partners with CarbonFree for carbon capture project By Investing.com

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PITTSBURGH & SAN ANTONIO – United States Steel Corporation (NYSE: NYSE:), commonly known as U.S. Steel, has entered a definitive agreement with CarbonFree, a carbon capture technology firm, to implement a carbon capture and mineralization project at U.S. Steel’s Gary Works facility in Indiana. The initiative marks the first commercial-scale application of such technology at a North American steel plant.

The project, utilizing CarbonFree’s SkyCycle™ technology, aims to capture and mineralize up to 50,000 metric tons of carbon dioxide annually from the blast furnaces at the Gary Works plant. The captured carbon will be converted into specialty-grade, carbon-neutral calcium carbonate, which is a key ingredient in products ranging from paper and plastics to personal care and building materials.

This collaboration is part of U.S. Steel’s broader environmental strategy, which includes a target to reduce greenhouse gas emissions intensity by 20% by 2030 and to achieve net-zero emissions by 2050. The company sees this as a step forward in meeting increasing customer demand for low-emission products, such as its verdeX™ advanced sustainable steel.

Construction on the SkyCycle plant is set to begin as early as summer 2024, with the facility expected to become operational in 2026. The agreement between U.S. Steel and CarbonFree extends for 20 years from the start of service.

CarbonFree’s patented SkyCycle solution is designed to capture carbon emissions from industrial sources before they are released into the atmosphere. The process not only reduces emissions but also produces a valuable byproduct that can aid in decarbonizing global supply chains.

Martin Keighley, CEO of CarbonFree, expressed pride in contributing to U.S. Steel’s legacy of environmental stewardship. He highlighted the potential economic and environmental benefits for the city of Gary and the state of Indiana.

Scott Buckiso, Senior Vice President & Chief Manufacturing Officer at U.S. Steel, emphasized the innovative nature of the project and its alignment with the company’s history of pioneering developments in the steel industry.

U.S. Steel’s Gary Works is a significant employer in the region, with over 4,300 employees. The plant’s operations have a substantial economic impact, supporting numerous jobs in related sectors within the local economy.

The information for this article is based on a press release statement.

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