U. S. Steel to Work with Equinor to Assess Hydrogen, Carbon Capture and Storage Development
29 Junho 2021 - 3:50PM
Business Wire
Non-exclusive Collaboration Explores
Feasibility of Tri-state Hydrogen Hub
United States Steel Corporation (NYSE: X) (“U. S. Steel”) today
announced execution of a non-exclusive Memorandum of Understanding
(“MOU”) with Equinor US Holdings Inc., an affiliate of Equinor ASA
(NYSE: EQNR). Under the MOU, the companies will study the potential
for carbon capture and storage (“CCS”) and hydrogen development in
the tri-state region of Ohio, Pennsylvania, and West Virginia.
Hydrogen based steel processes and CCS are among the more
promising and sustainable technologies currently being
developed.
“The successful development of hydrogen and CCS technology in
the tri-state region will require investment, cooperation, and
exploration across political and perceived barriers,” said Richard
Fruehauf, Senior Vice President, Chief Strategy &
Sustainability Officer. “As we build momentum toward our ambitious
goal targeting net-zero carbon emissions by 2050, the opportunity
to explore the potential for a hydrogen hub in this region –
anchored in the Mon Valley – is cause for optimism.”
The focus of the MOU is to assess the technological and
commercial possibilities for hydrogen and CCS. The industry leaders
recognize the potential for natural gas coupled with CCS to
significantly reduce carbon emissions. The companies plan to
explore and demonstrate the potential opportunities for natural gas
when coupled with CCS to achieve decarbonization goals.
The scope of work of the MOU includes assessments of regional
hydrogen and CCS potential, appropriate customer and supplier
screenings, blue hydrogen advocacy, CCS, and examining renewable
energy synergies.
Founded in 1901, United States Steel Corporation is a leading
steel producer. With an unwavering focus on safety, the company’s
customer-centric Best for All℠ strategy is advancing a more secure,
sustainable future for U. S. Steel and its stakeholders. With a
renewed emphasis on innovation, U. S. Steel serves the automotive,
construction, appliance, energy, containers, and packaging
industries with high value-added steel products such as U. S.
Steel’s proprietary XG3™ advanced high-strength steel. The company
also maintains competitively advantaged iron ore production and has
an annual raw steelmaking capability of 26.2 million net tons. U.
S. Steel is headquartered in Pittsburgh, Pennsylvania, with
world-class operations across the United States and in Central
Europe. For more information, please visit www.ussteel.com.
Forward-Looking Statements
This release contains information that may constitute
“forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. We intend the
forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements in those sections.
Generally, we have identified such forward-looking statements by
using the words “believe,” “expect,” “intend,” “estimate,”
“anticipate,” “project,” “target,” “forecast,” “aim,” "should,"
“will,” "may" and similar expressions or by using future dates in
connection with any discussion of, among other things, operating
performance, trends, events or developments that we expect or
anticipate will occur in the future. However, the absence of these
words or similar expressions does not mean that a statement is not
forward-looking. Forward-looking statements are not historical
facts, but instead represent only the Company’s beliefs regarding
future events, many of which, by their nature, are inherently
uncertain and outside of the Company’s control. It is possible that
the Company’s actual results and financial condition may differ,
possibly materially, from the anticipated results and financial
condition indicated in these forward-looking statements. Management
believes that these forward-looking statements are reasonable as of
the time made. However, caution should be taken not to place undue
reliance on any such forward-looking statements because such
statements speak only as of the date when made. The Company
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law. In addition,
forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially
from the Company's historical experience and our present
expectations or projections. These risks and uncertainties include,
but are not limited to the risks and uncertainties described in
“Item 1A. Risk Factors” in our Annual Report on Form 10-K for the
year ended December 31, 2020, and those described from time to time
in our future reports filed with the Securities and Exchange
Commission. References to "we," "us," "our," the "Company," and "U.
S. Steel," refer to United States Steel Corporation and its
consolidated subsidiaries.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210629005981/en/
John O. Ambler Vice President Corporate Communications T – (412)
433-2407 E – joambler@uss.com Kevin Lewis Vice President Investor
Relations T – (412) 433-6935 E – klewis@uss.com
US Steel (NYSE:X)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
US Steel (NYSE:X)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024