- link Copy Url - [ Share on twitter ](https://twitter.com/intent/tweet?text=Rayonier Announces Additional Pore Space Lease Agreements With ExxonMobil https://www.3blmedia.com/markdownify/node/1250631?absolute=1&via=3blnews "link to 3 B L Media's Twitter") - [ Share on linkedin ](https://www.linkedin.com/shareArticle?mini=true&url=https://www.3blmedia.com/markdownify/node/1250631?absolute=1 "link to 3 B L Media's Linkedin") - [ Share on facebook ](https://www.facebook.com/sharer/sharer.php?u=https://www.3blmedia.com/markdownify/node/1250631?absolute=1 "link to 3 B L Media's Facebook") - [ email Share via email ](mailto:?subject=Rayonier Announces Additional Pore Space Lease Agreements With ExxonMobil&body=ESG News from Rayonier https://www.3blmedia.com/markdownify/node/1250631?absolute=1 "Share via email") [Responsible Production & Consumption](/CSR-News/responsible-production-consumption-0) # Rayonier Announces Additional Pore Space Lease Agreements With ExxonMobil Feb 22, 2024 2:35 PM ET ![Investors Press Release](/sites/default/files/styles/carousel_2x/public/images/1-additional-pore-space-lease-agreements-exxonmobil_Rayonier_022224.png) February 22, 2024 /3BL/ - Rayonier (NYSE:RYN) 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.” **About Rayonier** *Rayonier 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 December 31, 2023, Rayonier owned or leased under long-term agreements approximately 2.7 million acres of timberlands located in the U.S. South (1.85 million acres), U.S. Pacific Northwest (418,000 acres) and New Zealand (421,000 acres). More information is available at* [*www.rayonier.com*](https://www.rayonier.com/)*.* View source version here: *Investors:* [*Collin Mings*](mailto:investorrelations@rayonier.com)*, 904-357-9100* *Media:* [*Alejandro Barbero*](mailto:alejandro.barbero@rayonier.com) Source: Rayonier Inc. [![Rayonier logo](/sites/default/files/Clients/Rayonier_logo_122018_4_COLOR_TAGLINE.png)](/profiles/rayonier) ### More from Rayonier ###### [Solar Powers a Sustainable Energy Future on Rayonier Land](/news/solar-powers-sustainable-energy-future-rayonier-land) Jun 19, 2025 10:00 AM ET ###### [How Sustainable Forestry Fuels the Future of Construction: A Rayonier Perspective on Mass Timber ](/news/how-sustainable-forestry-fuels-future-construction-rayonier-perspective-mass-timber) Jun 3, 2025 9:45 AM ET ###### [46 North Florida Organizations Receive Grants From Rayonier](/news/46-north-florida-organizations-receive-grants-rayonier) Dec 12, 2024 10:00 AM ET ###### [Rayonier Awards Grants to 27 Pacific Northwest Nonprofits](/news/rayonier-awards-grants-27-pacific-northwest-nonprofits) Nov 25, 2024 10:15 AM ET ###### [Rayonier’s Land-Based Solutions: Advancing a Low-Carbon Economy](/news/rayoniers-land-based-solutions-advancing-low-carbon-economy) Oct 15, 2024 10:15 AM ET ###### [Rayonier Launches New Website To Inspire the Next Generation of Forestry Professionals](/news/rayonier-launches-new-website-inspire-next-generation-forestry-professionals) Oct 1, 2024 3:45 PM ET ###### [Rayonier Explores a Day in the Life of a Forestry Leader](/news/rayonier-explores-day-life-forestry-leader) Jul 17, 2024 10:35 AM ET ###### [Rayonier Sustainability Report: Employee Recruitment and Retention](/news/rayonier-sustainability-report-employee-recruitment-and-retention) Jun 21, 2024 2:30 PM ET