{"id":796854,"date":"2024-12-23T16:18:04","date_gmt":"2024-12-23T21:18:04","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/rayonier-announces-pore-space-agreement-with-reliant-carbon-capture-storage-covering-approximately-104000-acres\/"},"modified":"2024-12-23T16:18:04","modified_gmt":"2024-12-23T21:18:04","slug":"rayonier-announces-pore-space-agreement-with-reliant-carbon-capture-storage-covering-approximately-104000-acres","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/rayonier-announces-pore-space-agreement-with-reliant-carbon-capture-storage-covering-approximately-104000-acres\/","title":{"rendered":"Rayonier Announces Pore Space Agreement with Reliant Carbon Capture &amp; Storage Covering Approximately 104,000 Acres"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Rayonier Announces Pore Space Agreement with Reliant Carbon Capture &amp; Storage Covering Approximately 104,000 Acres<\/b><\/p>\n<p>WILDLIGHT, Fla.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nRayonier Inc. (NYSE:RYN) today announced that it has entered into an underground pore space easement agreement with an affiliate of Reliant Carbon Capture &amp; Storage covering approximately 104,000 acres in Alabama. Reliant specializes in capturing CO<sub>2 <\/sub>emissions from power plants and industrial facilities and safely sequestering this CO<sub>2<\/sub> in subsurface geologic formations. Along with this significant pore space agreement, Reliant is currently completing a front-end engineering design report for a power generating station in the area.<\/p>\n<p>\n\u201cCarbon capture and storage opportunities represent a key pillar of our land-based solutions strategy, and we are encouraged by our progress in securing additional pore space lease agreements,\u201d said Mark McHugh, President &amp; CEO of Rayonier. \u201cAs we continue to grow our land-based solutions business, our team is focused on executing agreements with high-quality counterparties, such as Reliant, that position Rayonier to benefit from the transition to a low-carbon economy.\u201d<\/p>\n<p>\nTom McCarthy, CEO of Reliant, added, \u201cWe are pleased to work with Rayonier as Reliant develops this critical infrastructure project. By building this large-scale sequestration hub, coupled with post-combustion carbon capture projects at large-volume emitters, Reliant will provide the key components required to decarbonize heavy industry in this region.\u201d<\/p>\n<p><b>About Rayonier<\/b><\/p>\n<p>\nRayonier is a leading timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand. As of September 30, 2024, Rayonier owned or leased under long-term agreements approximately 2.7 million acres of timberlands located in the U.S. South (1.84 million acres), U.S. Pacific Northwest (417,000 acres) and New Zealand (411,000 acres). On November 6, 2024, the Company announced dispositions comprising approximately 91,000 acres in the U.S. South and 109,000 acres in the U.S. Pacific Northwest. More information is available at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.rayonier.com&amp;esheet=54170605&amp;newsitemid=20241223387805&amp;lan=en-US&amp;anchor=www.rayonier.com&amp;index=1&amp;md5=ac158c91b046d96f7f849ca6f0608b5a\">www.rayonier.com<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20241223387805r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20241223387805\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20241223387805\/en\/<\/a><\/span><\/p>\n<p>\nInvestors: Collin Mings, <a rel=\"nofollow\" href=\"mailto:investorrelations@rayonier.com\">investorrelations@rayonier.com<\/a>, 904-357-9100<br \/>\n<br \/>Media: Alejandro Barbero, <a rel=\"nofollow\" href=\"mailto:alejandro.barbero@rayonier.com\">alejandro.barbero@rayonier.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Florida Alabama United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Commercial Building &amp; Real Estate Construction &amp; Property Natural Resources Sustainability Environment Climate Change Other Construction &amp; Property Forest Products<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20241223387805\/en\/242078\/3\/RAYONIER_SCREEN.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Rayonier Announces Pore Space Agreement with Reliant Carbon Capture &amp; Storage Covering Approximately 104,000 Acres WILDLIGHT, Fla.&#8211;(BUSINESS WIRE)&#8211; Rayonier Inc. (NYSE:RYN) today announced that it has entered into an underground pore space easement agreement with an affiliate of Reliant Carbon Capture &amp; Storage covering approximately 104,000 acres in Alabama. Reliant specializes in capturing CO2 emissions from power plants and industrial facilities and safely sequestering this CO2 in subsurface geologic formations. Along with this significant pore space agreement, Reliant is currently completing a front-end engineering design report for a power generating station in the area. \u201cCarbon capture and storage opportunities represent a key pillar of our land-based solutions strategy, and we are encouraged by our progress in securing additional pore space &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rayonier-announces-pore-space-agreement-with-reliant-carbon-capture-storage-covering-approximately-104000-acres\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Rayonier Announces Pore Space Agreement with Reliant Carbon Capture &amp; Storage Covering Approximately 104,000 Acres&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-796854","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Rayonier Announces Pore Space Agreement with Reliant Carbon Capture &amp; Storage Covering Approximately 104,000 Acres - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rayonier-announces-pore-space-agreement-with-reliant-carbon-capture-storage-covering-approximately-104000-acres\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rayonier Announces Pore Space Agreement with Reliant Carbon Capture &amp; Storage Covering Approximately 104,000 Acres - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Rayonier Announces Pore Space Agreement with Reliant Carbon Capture &amp; Storage Covering Approximately 104,000 Acres WILDLIGHT, Fla.&#8211;(BUSINESS WIRE)&#8211; Rayonier Inc. (NYSE:RYN) today announced that it has entered into an underground pore space easement agreement with an affiliate of Reliant Carbon Capture &amp; Storage covering approximately 104,000 acres in Alabama. Reliant specializes in capturing CO2 emissions from power plants and industrial facilities and safely sequestering this CO2 in subsurface geologic formations. Along with this significant pore space agreement, Reliant is currently completing a front-end engineering design report for a power generating station in the area. \u201cCarbon capture and storage opportunities represent a key pillar of our land-based solutions strategy, and we are encouraged by our progress in securing additional pore space &hellip; Continue reading &quot;Rayonier Announces Pore Space Agreement with Reliant Carbon Capture &amp; Storage Covering Approximately 104,000 Acres&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/rayonier-announces-pore-space-agreement-with-reliant-carbon-capture-storage-covering-approximately-104000-acres\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-23T21:18:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20241223387805r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rayonier-announces-pore-space-agreement-with-reliant-carbon-capture-storage-covering-approximately-104000-acres\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rayonier-announces-pore-space-agreement-with-reliant-carbon-capture-storage-covering-approximately-104000-acres\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Rayonier Announces Pore Space Agreement with Reliant Carbon Capture &amp; 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