Click here for Pulp & Paper Radio International
The Paperitalo Library
Free Downloads
My Profile
Rayonier Announces Additional Pore Space Lease Agreements with ExxonMobil

WILDLIGHT, Fla. (News release) -- Rayonier announced that it has entered into additional underground pore space lease agreements with ExxonMobil covering approximately 33,000 acres of timberlands in the United States. These leases increase Rayonier's total acres under pore space lease agreements with ExxonMobil to approximately 59,000 acres. ExxonMobil owns and operates the largest carbon dioxide (CO2) pipeline network in the United States, enabling a cost-efficient transportation system that accelerates carbon capture and storage (CCS) deployment for both ExxonMobil and third-party customers.

"We view this as an important milestone as we continue to advance initiatives that accelerate the world's path to net zero," said David Nunes, CEO of Rayonier. "We are pleased to have this relationship with ExxonMobil, the leader in carbon capture and storage in the US. We believe our timberland portfolio is well-positioned to benefit from the transition to a low-carbon economy, and we are pursuing various opportunities to realize value from the land-based solutions offered by our forests."

Are your products listed in the Paperitalo Supplier Directory? If not, click here.


Related Articles:

Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: