Rayonier Unveils Alabama Deal With Affiliate of Reliant Carbon Capture & Storage-June 2024-www.financetom.com

Rayonier Unveils Alabama Deal With Affiliate of Reliant Carbon Capture & Storage

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Rayonier Unveils Alabama Deal With Affiliate of Reliant Carbon Capture & Storage

Dec 23, 2024 2:33 PM

05:02 PM EST, 12/23/2024 (MT Newswires) -- Rayonier ( RYN ) disclosed late Monday an agreement with Reliant Carbon Capture & Storage affiliate covering about 104,000 acres in Alabama.

The company did not disclose the financial details of the "underground pore space easement" agreement.

Reliant captures carbon dioxide emissions from power plants and industrial facilities and sequesters it in subsurface geologic formations.

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