Exxon says CCS operations started at Nucor’s Convent steel facility; ties to Rose storage noted

ExxonMobil reports a third-party CCS startup on the Gulf Coast and frames the Rose storage permit as enabling growth of its CCS customer network.

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- Exxon says the Convent project will capture, transport and permanently store up to 800,000 metric tons of CO2 annually.
- The company described this as its third CCS startup for third‑party customers and the second it has brought online in 2026.
- Exxon presented the startup as part of a growing Gulf Coast CCS network intended to serve industrial customers.
- The release states the Texas Railroad Commission’s approval of the Rose permit is a ‘huge step’ for Exxon, customers and Texas.
- Rose was described as the first Class VI storage site in Exxon’s Gulf Coast CCS system, enabling dedicated storage capacity for industrial offtake.
- Company framing links operational startups and storage permitting as steps toward fee‑based CCS services.
- Exxon frames CCS growth as tied to demand from industrial customers (e.g., steel) seeking emissions reductions.
- Broader commercialization depends on federal Class VI approvals, offtake agreements, and incentives such as the 45Q tax credit.
- Investors and regulators will watch whether storage and operational rollouts meet timelines and cost expectations.

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