Press Releases

• The agreement sets in motion a project to capture emissions from U. S. Steel’s blast furnaces
• CarbonFree’s SkyCycle™ technology will capture and mineralize up to 50,000 metric tons of carbon dioxide annually at U. S. Steel’s facility in Gary, Indiana, to convert emissions into specialty-grade, carbon-neutral calcium carbonate 
• The project will be the first commercial-scale carbon capture utilization plant at a steel plant in North America

Pittsburgh, PA & San Antonio, TX — April 3, 2024 – United States Steel Corporation (U. S. Steel) (NYSE: X) and CarbonFree, a leader in carbon capture technology, today announced the signing of a definitive agreement to capture carbon emissions generated from U. S. Steel’s Gary Works Blast Furnaces in a first-of-its-kind project. The project will use CarbonFree’s SkyCycle™technology to capture and mineralize up to 50,000 metric tons of carbon dioxide per year, equivalent to emissions produced by nearly 12,000 passenger cars annually, and will have the opportunity to be expanded in the years to come.

U. S. Steel’s involvement aligns with the company’s goal of reducing greenhouse gas emissions intensity 20% by 2030 and achieving net-zero emissions by 2050. In addition, the initial SkyCycle project responds to the increasing demand for low emissions products, such as verdeX™ advanced sustainable steel, from customers. The project is the first step in exploring the scalability of this technology for potential future implementation across the enterprise.

Construction on the SkyCycle plant in the U. S. Steel Gary Works facility is expected to commence as early as summer 2024 with operations projected to begin in 2026. The definitive agreement has a term of 20 years following its in-service date. 

CarbonFree’s patented SkyCycle solution captures carbon emissions from hard-to-abate industrial sources before they enter the atmosphere and converts them into a carbon-neutral version of calcium carbonate, which is essential to the creation of paper and plastics, as well as personal care, paint, and building products. CarbonFree-produced calcium carbonate made from captured carbon dioxide can help decarbonize global supply chains by enabling manufacturers to reduce Scope 3 emissions, or it can be stored in an environmentally conscious way without the need for pipelines or disposal wells.

“U. S. Steel is setting a precedent for how manufacturers can and must proactively manage their carbon emissions, and CarbonFree is honored to play a role in this legacy,” said Martin Keighley, CEO of CarbonFree. “At CarbonFree, we are pioneering profitable carbon capture utilization through disruptive specialty chemical manufacturing using waste carbon dioxide as a primary feedstock. As carbon capture continues to be recognized as an indispensable solution on the path to carbon neutrality for carbon-intensive industries, we look forward to helping U. S. Steel achieve its decarbonization goals while providing economic and environmental benefits to the city of Gary and state of Indiana.”

By leveraging cutting-edge carbon capture technologies, U. S. Steel and CarbonFree aim to revolutionize the steel manufacturing industry, reducing carbon emissions and environmental impact. The partnership will likely enable U. S. Steel to offer steel used in the automotive, appliance, and packaging industries with a significantly reduced carbon footprint.

In addition to capturing carbon dioxide, CarbonFree will use slag produced by the blast furnace operation as part of the calcium carbonate production process.

“Innovating to capture carbon at an integrated mill is the latest example of how steel is enabling a more sustainable future,” said Scott Buckiso, Senior Vice President & Chief Manufacturing Officer, U. S. Steel. “Moreover, U. S. Steel has a history of ‘firsts’ that we’re confidently building on. Using SkyCycle technology for the first project of its kind in North America should benefit the community for generations to come.”

U. S. Steel employs more than 4,300 people at Gary Works. The plant creates an Economic Multiplier Effect, supporting thousands of additional steel plant, chemical, energy, transportation and supplier jobs throughout Lake and Porter Counties and the greater United States.

For more information on SkyCycle, visit the CarbonFree website or follow on LinkedIn. 

For more information on U. S. Steel, please visit www.ussteel.com.

About U. S. Steel

Founded in 1901, United States Steel Corporation is a leading steel producer. With an unwavering focus on safety, U. S. Steel’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. U. S. Steel also maintains competitively advantaged iron ore production and has an annual raw steelmaking capability of 22.4 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.

U. S. Steel Media Relations

T – (412) 433-1300

E – media@uss.com

About CarbonFree

CarbonFree is a carbon capture company committed to the decarbonization of hard-to-abate industries and global supply chains. Its SkyCycle technology captures carbon dioxide produced from industrial plants before entering the atmosphere then converts the emissions into chemicals that are pivotal to the specialty chemicals market. CarbonFree’s first-generation technology, SkyMine, has been operational since 2016 and is one of the world’s first and largest industrial-scale carbon mineralization facilities, operating alongside a cement factory in San Antonio. CarbonFree is a member of Carbon Capture Coalition (CCC), Decarb Connect, and American Iron and Steel Institute (AISI) and was part of the first Carbon to Value (C2V) cohort. For more information about CarbonFree, visit www.carbonfree.cc.

CarbonFree’s SkyCycle™ Technology Would Capture and Mineralize up to 50,000 Metric Tons of CO₂ Annually from U. S. Steel’s Facility in Gary, Indiana

PITTSBURGH–(BUSINESS WIRE)–United States Steel Corporation (NYSE: X) (“U. S. Steel”) and CarbonFree Chemicals Holdings, LLC (CarbonFree) have signed a non-binding Memorandum of Understanding (MoU) to jointly pursue the capture of CO₂ emissions generated from U. S. Steel’s Gary Works manufacturing plant using CarbonFree’s SkyCycle™ technology. If a definitive agreement is reached, the project is expected to capture and mineralize up to 50,000 metric tons of CO₂ per year, the equivalent to carbon emissions from nearly 11,000 passenger cars.

CarbonFree’s patented SkyCycle technology captures carbon emissions from hard-to-abate industrial sources before entering the atmosphere, converts the CO₂ into the specialty chemical precipitated calcium carbonate (PCC), and produces hydrochloric acid (HCl) as a co-product.

“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,” said Martin Keighley, CEO of CarbonFree. “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.”

Located in Gary, Indiana, U. S. Steel’s Gary Works has annual production capability of 7.5 million net tons of raw steel per year. The MoU establishes a framework for discussions regarding the formation of a commercial venture. The decision between CarbonFree and U. S. Steel to enter into a definitive agreement is expected to be made prior to the end of 2023, and if a final agreement is executed, the parties are targeting 2025 for commencement of operations. The parties may also consider collaborating on more carbon capture, utilization and storage projects in the future.

“We are eager to enter the next phase of discussions with CarbonFree to explore the possibility of meaningful CO₂ emission reductions in our operations in a capital efficient manner,” said Richard L. Fruehauf, SVP – Chief Strategy & Sustainability Officer at U. S. Steel. “Working with CarbonFree could be a meaningful step in our efforts to decarbonize the Gary Works plant while developing technology and knowhow that we could apply to other facilities within our footprint. These potential collaborations are critical to U. S. Steel as we continue our mission of providing profitable steel solutions for people and planet.”

SkyCycle technology is modular, scalable and patented and is designed to directly capture CO₂ emissions from industrial emitters. The technology produces PCC for sale into the global specialty chemicals market, and calcium carbonate for the sequestration of CO₂. PCC is a high-value product used for a variety of industrial purposes, including in the manufacturing of paper, plastics, ceramics, paints, coating, adhesives, sealants, rubber and cleaning products. Additionally, CO₂ that is converted to calcium carbonate can be permanently stored as an environmentally friendly mineral.

For more information on SkyCycle, visit the CarbonFree website or follow on LinkedIn.

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About U. S. Steel

Founded in 1901, United States Steel Corporation is a leading steel producer. With an unwavering focus on safety, U. S. Steel’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. U. S. Steel also maintains competitively advantaged iron ore production and has an annual raw steelmaking capability of 22.4 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.

About CarbonFree

CarbonFree Chemicals Holdings, LLC is a privately held company. CarbonFree has invested over 17 years into research and development to prepare to bring its SkyCycle ™ technology to hard-to-abate industries around the world. CarbonFree’s mission is to capture 10% of the world’s industrial carbon, thereby helping industries and companies reach their net zero goals. For more information about CarbonFree, visit www.carbonfree.cc.

U. S. Steel Cautionary Note Regarding 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. U. S. Steel intends the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in those sections. Generally, U. S. Steel has identified such forward-looking statements by using the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “target,” “forecast,” “aim,” “should,” “plan,” “goal,” “future,” “will,” “may” and similar expressions or by using future dates in connection with any discussion of, among other things, the construction or operation of new or existing facilities and operating capabilities, operating or financial performance, trends, events or developments that U. S. Steel expects or anticipates will occur in the future, anticipated cost savings, potential capital and operational cash improvements, statements regarding U. S. Steel’s future strategies, products and innovations, statements regarding U. S. Steel’s greenhouse gas emissions reduction goals, and statements expressing general views about future operating results. 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 U. S. Steel’s beliefs regarding future events, many of which, by their nature, are inherently uncertain and outside of U. S. Steel’s control. It is possible that U. S. Steel’s actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. U. S. Steel’s 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. U. S. Steel 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 U. S. Steel’s historical experience and its 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 U. S. Steel’s Annual Report on Form 10-K for the year ended December 31, 2022 and those described from time to time in its future reports filed with the Securities and Exchange Commission.

©2023 U. S. Steel. All Rights Reserved

Contacts

Media Contacts:
Arista Joyner
Manager, Financial Communications
U. S. Steel
T- (412) 433-3994
E- aejoyner@uss.com

Phil Chinitz
CarbonFree
T – (516) 659-9369
E- media@carbonfree.cc

Development agreement focused on deploying CarbonFree’s proprietary SkyCycle™ technology at hard-to-abate industrial sites

SAN ANTONIO– bp and CarbonFree announce an agreement to collaborate on the development of carbon capture and utilization projects using CarbonFree’s SkyCycle^TM technology. bp ventures has been an investor in CarbonFree for nearly 10 years.

CarbonFree’s SkyCycle^TM captures and utilizes carbon emissions from hard-to-abate industrial sources by converting CO₂ into specialty chemicals, including calcium carbonate. Calcium carbonate comprises more than 4% of the earth’s crust and is found throughout the world as chalk, limestone and marble.

CarbonFree has been developing and refining the technology for more than 15 years and the company’s ambition is to capture 10% of the world’s industrial carbon, thereby helping industries and companies reach their net zero goals.

bp and CarbonFree will work to identify and pursue potential SkyCycle^TM development projects at industrial facilities.

“We are working with bp to accelerate the introduction of SkyCycle^TM to the market,” said CarbonFree CEO Martin Keighley. “As a valued supporter for nearly a decade, bp understands our technology and the potential impact it can have on helping decarbonize hard-to-abate industrial sites. SkyCycle^TM is an innovative solution in this space, with already-proven technology and a compelling business proposition for customers.”

“CarbonFree has been a bp ventures portfolio company for nearly 10 years and during this period we have worked together to help make carbon capture a commercial reality for industrial companies looking to decarbonize. As bp looks to become a net zero company by 2050 or sooner, and help the world get to net zero, CarbonFree’s SkyCycle^TM technology can play a role in helping heavy industry make progress toward their net zero goals. This agreement is an important milestone in our relationship with CarbonFree and we look forward to our ongoing collaboration,” said Orlando Alvarez, SVP, gas and power trading Americas at bp.

SkyCycle^TM is a modular, scalable and patented technology designed to directly capture CO₂ emissions from a wide variety of hard-to-abate industrial emitters. The technology produces precipitated calcium carbonate (PCC). PCC is a high-value product used for a variety of industrial purposes, including in the manufacturing of paper, plastics, ceramics, paints, coating, adhesives, sealants, rubber and cleaning products.

About CarbonFree

CarbonFree Chemicals Holdings, LLC (CarbonFree) is a carbon capture company that holds more than 90 patents in 50 countries. Its SkyCycle^TM technology is designed to help hard-to-abate industries achieve net-zero goals by capturing and utilizing carbon emissions, without a need for infrastructure like long-haul pipelines and disposal wells. Through SkyCycle^TM plants, carbon emissions can be mineralized at the source and converted into chemicals that will either be sold (precipitated calcium carbonate and hydrochloric acid) or stored in an environmentally friendly manner (calcium carbonate). CarbonFree currently operates both its profitable SkyMine plant, the world’s first and largest industrial-scale carbon mineralization facility, and its large-scale SkyCycle^TM demonstration plant in San Antonio, TX. For more information about CarbonFree, visit www.carbonfree.cc.

About bp

bp’s ambition is to become a net zero company by 2050 or sooner, and to help the world get to net zero. bp is heavily investing in low carbon energy businesses in the US and globally including bioenergy, e-mobility, renewables and hydrogen. bp has a larger economic footprint in the United States than anywhere else in the world, investing more than $135 billion in the economy since 2005 and supporting about 245,000 jobs. For more information on bp in the US, visit www.bp.com/us.

Contacts

Media Contacts:
Phil Chinitz
+1-516-659-9369
media@carbonfree.cc
carbonfree.cc

In October 2021, Hitachi Zosen Inova and CarbonFree Chemicals Holding signed a memorandum of understanding concerning the joint development of technologies for separating and mineralizing CO₂ from flue gases of energy from waste plants (EfW). This will be based on CarbonFree’s patented SkyCycle® technology.

The Swiss-Japanese cleantech company Hitachi Zosen Inova (HZI) and the innovators at CarbonFree Chemicals Holding LCC (CarbonFree) in the USA have signed a memorandum of understanding (MoU) and are now planning to join forces in implementing a unique solution to reduce the carbon footprint of the waste industry. Texas-based CarbonFree developed its separation and mineralization technology some 15 years ago and has refined it further to create the SkyCycle® concept.  This process allows the CO2 contained in industrial flue gases to be captured at the source. The CO₂ is being reacted with calcium to form mineral calcium carbonate – a stable, non-toxic, valuable component which has many uses, including as a raw material in the construction industry, a fertilizer, and a mineral filler in the paper, paint, and plastics industries. The high achievable capture rates can enable incineration plants to become carbon sinks. The system is geographically independent: it does not require storing CO₂ in a gaseous phase underground, nor additional pipelines for transportation. The MoU expresses both companies’ desire to integrate the technology within existing and new energy from waste plants.

A Win for Both Companies

The further development of this technology opens the way to new projects for both companies. “We are delighted to have found an experienced partner in HZI that can help us to adapt our technology directly to EfW and AD processes. Branching out into these industries will bring us much closer to our goal of separating 10% of the CO₂ emitted by industrial processes worldwide,” says Scott Gardner, CFO of CarbonFree. Fabio Dinale, Vice President Business Development at HZI, adds: “In the best-case scenario, our joint efforts will help us to reduce CO₂ emissions from EfW plants to zero or even negative and make our technologies even more embedded within the circular economy changing our plants from being WtE to real WtX plants. At the same time, we will be creating a marketable zero carbon emission end product. In CarbonFree, we have secured a partner that already has 15 years of experience in carbon capture utilization and an impressive record of success.”

With the MoU now signed, the active phase of the project begins immediately.

About Hitachi Zosen Inova

Zurich-based Hitachi Zosen Inova (HZI) is a global leader in energy from waste (EfW) and renewable gas, operating as part of the Hitachi Zosen Corporation Group. HZI acts as an engineering, procurement, and construction (EPC) contractor and project developer, delivering complete turnkey plants and system solutions for thermal and biological EfW recovery. Its solutions are based on efficient and environmentally sound technology, are thoroughly tested, and can be flexibly adapted to

customer requirements. HZI’s Service Group combines its own research and development with comprehensive manufacturing and erection capabilities to provide support throughout the entire plant life cycle. HZI works for customers ranging from experienced waste management companies to up-and-coming partners in new markets worldwide. Its innovative and reliable waste, flue gas treatment, gas upgrading, and power-to-gas solutions have been part of more than 700 EfW and biogas reference projects delivered since 1933.

To find out more about HZI, please visit www.hz-inova.com.

Media contact

Hitachi Zosen Inova AG

Corporate Communication

Manuela Höllinger

Hardturmstrasse 127, CH-8005 Zurich, T +41 44 277 17 00

com@hz-inova.com, www.hz-inova.com

About CarbonFree Chemicals Holding, LCC

CarbonFree is a private company focused on advancing the net-zero ambitions of both CO₂ emitters and consumers of carbon-negative chemicals. CarbonFree invested 15 years into research and development to prepare to bring a technology to carbon-emitting plants around the world called SkyCycle®. This on-site solution mineralizes CO₂ captured from industrial point source emitters and creates products for sale or safe storage, such as calcium carbonate (PCC & limestone), sodium bicarbonate (baking soda), and hydrochloric acid (HCl). Learn more at carbonfree.cc or follow CarbonFree on Twitter and LinkedIn.

Media contact

CarbonFree Chemicals Holdings LLC

CFO

Scott Gardner

11839 Nacogdoches Road, San Antonio, Texas 78217, T +1 512.296.7785

sgardner@CarbonFree.cc, www.carbonfree.cc

Company prepares to manufacture its Carbon Capture Utilization & Storage (CCUS) technology and get the planet to net-zero faster

SAN ANTONIO, Texas. — July 29, 2021 —  CarbonFree today announced a strategic engagement with Fluor, a leading global engineering construction company, to help manufacture its carbon-to-value technology so it can be installed at industrial plants around the globe.

CarbonFree’s patented SkyCycle^TM technology captures the carbon emitted by industrial plants and mineralizes emissions to create safe and valuable low carbon materials. The company’s mission is to capture 10% of the world’s industrial CO₂.

“We have the right instrument at the right time in history to make a big impact,” said CarbonFree Chief Technology Officer Joe Jones. “We’ve been preparing for years—taking our time with our patents and getting our technology down—and now the world is ready. We’re thrilled to see a top-tier engineering firm like Fluor choose to work with us and deliver on a commitment to improving the environment.”

CarbonFree’s SkyCycle^TM is a second-generation carbon mineralization technology that uses calcium and magnesium salts as a key part of the conversion chemistry to produce high purity PCC (precipitated calcium carbonate) and synthetic limestone. The company has been developing and refining the technology for more than 15 years, and has been capturing carbon and converting it to baking soda at an industrial cement plant in Texas using a similar process called SkyMine®.

Fluor will use its construction and engineering capabilities to help CarbonFree determine how to best manufacture SkyCycle^TM so it can be distributed and installed on a larger scale and at a greater speed. That means that industrial plants who are interested in getting the planet to net-zero will have the opportunity to work with CarbonFree to install the technology sooner.

“Fluor’s relationship with disruptive carbontech pioneers is an integral part of our sustainability and energy transition commitment,” said Fluor’s Group President of Corporate Development & Sustainability Al Collins. “CarbonFree has a unique carbon-to-value solution and we look forward to leveraging our combined capabilities to help deliver a lower carbon future.”

This strategic engagement marks an acceleration of CarbonFree’s progress—along with the announcement that the company had won a spot in an exclusive program called the Carbon to Value Initiative.

“The Carbon to Value Initiative is ecstatic to see C2V’s year one cohort company CarbonFree team up with our Carbontech Leadership Council member Fluor to accelerate the deployment of CarbonFree’s innovative CO₂ mineralization solution,” said Frederic Clerc, Director of the Carbon to Value Initiative. “This partnership is exactly the type of collaboration we expect to see over the three-year C2V Initiative and applaud Fluor, a world-class technical services and engineering, procurement and construction company, and CarbonFree, an innovative carbontech company, for working together to tackle carbon emissions while highlighting the enormous market opportunity carbontech presents.”

About CarbonFree

CarbonFree is a private company focused on advancing the net-zero ambitions of both CO₂ emitters and consumers of carbon-negative chemicals. CarbonFree invested 15 years into research and development to prepare to bring a technology to carbon-emitting plants around the world called SkyCycle^TM. This on-site solution mineralizes CO₂ captured from industrial point source emitters and creates products for sale or safe storage, such as calcium carbonate (PCC & limestone); sodium bicarbonate (baking soda); and Hydrochloric Acid (HCl). Learn more at carbonfree.cc or follow us on Twitter and LinkedIn.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is building a better world by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s 44,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $14.2 billion in 2020 and is ranked 196 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has been providing engineering, procurement and construction services for more than 100 years. For more information, please visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and YouTube.

About Carbon to Value Initiative

The C2V Initiative is a multi-year collaboration among the Urban Future Lab, Greentown Labs, and Fraunhofer USA that aims to create a thriving innovation ecosystem for the commercialization of carbontech. The program is supported by the New York State Energy Research and Development Authority and the Consulate General of Canada in New York, along with its Carbontech Leadership Council—an invitation-only group of international corporate, academic, and government thought leaders who will foster commercialization opportunities and identify avenues for collaboration with the C2V Initiative startup participants. Learn more at https://www.c2vinitiative.com.

Investor Contact

For further CarbonFree information: Scott Gardner, CFO CarbonFree Chemicals Holdings LLC, San Antonio, Texas. Phone: 512.296.7785,  www.carbonfree.cc

Media Contact: Carrie Kolehouse, 231.730.3553, media@carbonfree.cc

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Integrating carbon capture technology into hydrogen production could get the planet to net-zero faster

SAN ANTONIO, Texas. — July 23, 2021 —  CarbonFree, a leader in carbon capture technology, announced today that it is partnering with BayoTech, a full-service localized hydrogen supplier, to integrate carbon capture technology into the hydrogen production process.

“We’re thrilled to be working with BayoTech to help bring low carbon intensity hydrogen to market,” said CarbonFree CEO Martin Keighley. “Our hope is that this collaboration will be part of the energy transformation we need to attack climate change.”

The companies plan to develop a pilot hydrogen production site, integrating BayoTech’s highly efficient hydrogen generator with CarbonFree’s patented technology that captures carbon dioxide (CO₂) and converts it into carbon-negative chemicals.

“We need accessible solutions to propel the hydrogen economy forward and move rapidly towards decarbonization,” said Mo Vargas, BayoTech’s CEO. “When paired with carbon capture, BayoTech’s systems offer the most cost-effective green hydrogen available today. That’s why we’re so excited to partner with CarbonFree.”

CarbonFree’s patented SkyCycle™ Technology is an on-site solution that mineralizes CO2 captured from the generator and creates products for sale or safe storage, such as calcium carbonate (PCC & limestone); sodium bicarbonate (baking soda); and Hydrochloric Acid (HCl).

This announcement is yet another signal that CarbonFree is readying itself to implement its technology on a grander scale and make a significant impact in the race to net zero. Two months ago the company also announced its collaboration with TETRA, a world-class player in the calcium chloride space, along with its participation in the first cohort of the exclusive Carbon to Value Initiative.

About CarbonFree

CarbonFree is a private company focused on advancing the net-zero ambitions of both CO₂ emitters and consumers of carbon-negative chemicals. CarbonFree invested 15 years into research and development to prepare to bring a technology to carbon-emitting plants around the world called SkyCycle^TM. This on-site solution mineralizes CO₂ captured from the plant and creates products for sale or safe storage, such as calcium carbonate (PCC & limestone); sodium bicarbonate (baking soda); and Hydrochloric Acid (HCl). Learn more at carbonfree.cc or follow us on Twitter and LinkedIn.

About BayoTech

BayoTech is committed to addressing the global need for reliable, cost-effective and low-carbon hydrogen. Our modular, scalable, and rapidly deployable hydrogen generation, transport, storage and fueling solutions make hydrogen easy. When paired with renewable natural gas or carbon capture, BayoTech offers the most cost-effective green hydrogen available today. Learn more at bayotech.us.

BayoTech Public Relations:
pr@bayotech.us
1.505.639.9238

Investor Contact

For further CarbonFree information: Scott Gardner, CFO CarbonFree Chemicals Holdings LLC, San Antonio, Texas. Phone: 512.296.7785,  www.carbonfree.cc

# # #

Team discusses CCUS, the path to net zero, and insights for investors

San Antonio, Texas. — June 2, 2021 —  CarbonFree, a company whose technology captures carbon from industrial plants and transforms it into Calcium Carbonate, was featured on the latest episode of an investment podcast.

“Invest with James West” released the podcast featuring an interview with CarbonFree CEO Martin Keighley and CFO Scott Gardner to their subscribers, while CarbonFree published the podcast on the CarbonFree YouTube channel. The podcast includes content on carbon capture, utilization & storage, information on what sets CarbonFree’s technology apart, and insights for investors who are interested in this fast-growing industry. 

You can listen now here.

About CarbonFree

CarbonFree is a private company focused on advancing the net-zero ambitions of both CO2 emitters and consumers of carbon-negative chemicals. After preparing with 15 years of research and development, CarbonFree is bringing a technology to carbon-emitting plants around the world called SkyCycleTM. This on-site solution mineralizes CO2 captured from the plant and creates products for sale or safe storage, such as calcium carbonate (PCC & limestone); sodium bicarbonate (baking soda); and Hydrochloric Acid (HCl). Learn more at carbonfree.cc or follow us on Twitter and LinkedIn.

Investor Contact 

Scott Gardner, CFO CarbonFree Chemicals Holdings LLC, San Antonio, Texas. Phone: 512.296.7785,  www.carbonfree.cc

CarbonFree selected for Carbon to Value (C2V) Initiative

San Antonio, Texas. — May 18, 2021 —  CarbonFree is now participating in a program to help propel companies that are capturing and converting carbon dioxide (CO₂) into valuable end products or services.

CarbonFree is one of the 10 organizations selected from 130+ global applicants to join the initiative’s first cohort. Participants will have the opportunity to network and collaborate with executive leaders across diverse industry sectors and the organizations driving the future of carbontech.

CarbonFree’s SkyCycle™ technology, which captures carbon from industrial plants and transforms it into Calcium Carbonate (PCC & Limestone), fits perfectly within the purpose of the Carbon to Value Initiative. CarbonFree is building on its active SkyMine^TM facility adjacent to a cement plant in Texas and is working to implement the technology around the globe for a dramatic environmental impact.

“We’re thrilled to be collaborating with the other organizations capturing carbon dioxide and creating products of value,” said CarbonFree CEO Martin Keighley. “This program is an opportunity for us to build more momentum, and bring our technology to industrial plants around the world, by working with the world class players in the C2V program — getting our planet to net-zero faster.”

CarbonFree is continuing to gain attention from larger organizations and initiatives. Earlier this month, TETRA Technologies announced it has entered an MOU (memorandum of understanding) with CarbonFree, signaling the two entities are formalizing their partnership. TETRA is a well-known player in the energy and minerals industry, and can offer CarbonFree in-depth expertise on calcium chloride, which will speed up expansion efforts.

The C2V Initiative could mean more powerful partnerships for CarbonFree, as the program gives participants the opportunity to explore partnerships with members of the Carbontech Leadership Council (CLC). The CLC is made up of influential business and NGO leaders who hold the keys to this trillion-dollar industry.

About CarbonFree

CarbonFree is a private company focused on advancing the net-zero ambitions of both CO₂ emitters and consumers of carbon-negative chemicals. After preparing with 15 years of research and development, CarbonFree is bringing a technology to carbon-emitting plants around the world called SkyCycle^TM. This on-site solution mineralizes CO₂ captured from the plant and creates products for sale or safe storage, such as calcium carbonate (PCC & limestone); sodium bicarbonate (baking soda); and Hydrochloric Acid (HCl). Learn more at carbonfree.cc or follow us on Twitter and LinkedIn.

Investor Contact 

Scott Gardner, CFO CarbonFree Chemicals Holdings LLC, San Antonio, Texas. Phone: 512.296.7785,  www.carbonfree.cc

Companies collaborating on technology to help bring planet to net-zero faster

THE WOODLANDS, Texas. — May 4, 2021 —  TETRA Technologies, Inc. (“TETRA” or the “Company”) (NYSE:TTI) today announced that the Company has signed a memorandum of understanding (“MOU”) with CarbonFree, a global carbon capture company with patented technologies that capture CO₂ and mineralize emissions to make commercial, carbon-negative chemicals.

CarbonFree’s SkyCycle^TM is a second-generation carbon mineralization technology that uses calcium chloride as a key part of the conversion chemistry. TETRA is a global leader in the production and chemistry for many commercial applications of calcium chloride, so the Companies plan to use each other’s technical expertise, chemistry know-how, production, and supply chain networks to jointly advance the commercialization of SkyCycle^TM.

TETRA and CarbonFree have been collaborating since November 2020 and have been jointly sharing and leveraging both Companies’ technical resources and expertise as CarbonFree continues to advance their carbon capture mineralization pilot plant, processes, and technologies. During the one-year MOU period, both Companies will work towards a definitive agreement that might include investments by TETRA into CarbonFree, a joint venture, or other commercial arrangements that will leverage each Company’s strength to advance this market-leading technology.

Martin Keighley, CarbonFree’s chief executive officer commented, “We’re excited to formalize our relationship and continue collaborating with TETRA, who is a world-class player in the calcium chloride space. Having their in-depth expertise will help us accelerate our expansion of bringing SkyCycle^TM to industrial plants across the globe – which will mean getting to a net-zero planet faster.”

Brady Murphy, TETRA’s president and chief executive officer commented, “Because SkyCycle^TM produces a high quality, commercial mineral from CO₂ emissions, we believe there are many cost and commercial advantages to this technology. We are pleased to partner with CarbonFree and utilize our nearly 40 years of calcium chloride chemistry, technical expertise, and global footprint. We believe that by combining our efforts and expertise we can accelerate SkyCycle^TM for a rapidly-growing carbon capture market that requires innovative, scalable, and lower cost solutions. As announced earlier this year, this is one of several initiatives that TETRA is pursuing to leverage our global chemicals network, technology, and mineral resources to enable TETRA’s growth into low carbon energy markets.

Investors Select CarbonFree and its Innovative SkyCycle^TM Technology Among 110 Companies

We are delighted to be on the top 10 list, which underlines the urgency of bringing low cost, secure and scalable CCUS technologies like SkyCycle™ to market. From the fires in the west to the hurricanes in the east and weather extremes all around, we know that more and more global leaders are looking for answers. I’m proud of the company that we’ve created and thrilled about the potential for CarbonFree to be a part of the solution.

Martin Keighley, CEO of CarbonFree

At the 18^th Annual Energy Tech Venture Forum, CarbonFree was selected for special recognition among the 110 companies pitching via investor votes from the more than 90 major venture capital firms present. The forum, hosted by Rice University’s nationally-recognized Rice Alliance for Technology and Entrepreneurship, provides an opportunity for business leaders to learn about the latest emerging technologies, discover investment opportunities and network with entrepreneurs, researchers, investment professionals and business executives all across the energy industry. The 2020 event was the largest forum in the event’s 18-year history with more than 110 energy ventures—which have raised over $655 million combined— participating.

With an audience of 1,500 virtual attendees, CarbonFree introduced SkyCycle™, a patented industrial-chemical mineralization technology that captures carbon emissions on a megaton scale to make usable or safely storable products. CarbonFree plans to raise $10 million to develop SkyCycle™ and build the first commercial carbon capture plant within two years,. SkyCycle™ follows CarbonFree’s development of the world’s first industrial-scale carbon mineralization facility, SkyMine^®, which produces baking soda from cement plant flue gas.  SkyCycle™ is already backed by energy-savvy investors including Fortistar, Braemar Energy Ventures, BP Ventures, Husky Partners, Berg & Berg and Apollo Investments.

Mark Comora, President of Fortistar said, “We’re proud of CarbonFree’s rapid progress towards making its carbon capture process an industrial and commercial reality. Our investment in CarbonFree was driven by Fortistar’s mission to lead investments in lasting solutions to challenging problems and we’re delighted to do our part to bring CarbonFree’s paradigm-shifting technologies to the global market.”

Throughout the 3-day event, more than 93 investment groups participated in the forum or took office hours. The event kicked off with a keynote from Maynard Holt, CEO of Tudor, Pickering, Holt & Co. and closed with a special announcement on the launch of the new Rice Alliance Clean Energy Accelerator. A recording of the event is available on the Energy Tech Venture Forum website.