BHP, along with ArcelorMittal Nippon Steel India, JSW Steel, Hyundai Steel, Chevron and Mitsui, will explore Carbon Capture, Utilisation and Storage hubs in Asia. BHP said each participant would be involved in at least one hub, with the study to deliver conceptual development strategies, cost and schedule estimates, and potential commercialisation pathways. The group includes ArcelorMittal Nippon Steel India, JSW Steel, Hyundai Steel, Chevron Corporation and Mitsui & Co. The one-year pre-feasibility study, managed by Hatch, will examine technical and commercial options for deploying CCUS in hard-to-abate sectors such as steelmaking. The study will explore whether shared infrastructure could lower costs, aggregate carbon dioxide volumes for storage or reuse, and distribute risks among participants. Options under consideration include repurposing captured carbon dioxide for industrial processes or transporting it via pipeline or shipping to storage sites in Asia or northern Australia. Regulatory assessments, including intra- and inter-regional rules for CCUS and cross-border carbon dioxide transport, will also be part of the work. \"By leveraging shared knowledge and resources with our partners, we are investing in support for innovative solutions, like the potential of CCUS, that we see as an essential part of decarbonising hard-to-abate sectors such as steelmaking,\" said Ben Ellis, BHP’s vice-president of marketing sustainability. The study is scheduled to conclude by the end of 2026, with findings to be made public to support wider industry learning and the development of policy and regulatory frameworks.

Steelmakers, energy firms launch study on CCUS hubs across Asia

A consortium of major steelmakers and energy firms, including BHP, ArcelorMittal Nippon Steel India, JSW Steel, Hyundai Steel, Chevron Corporation, and Mitsui & Co., has launched a one-year pre-feasibility study to explore Carbon Capture, Utilisation and Storage (CCUS) hubs across Asia. The study, managed by Hatch, aims to develop conceptual strategies, cost and schedule estimates, and commercialisation pathways for deploying CCUS in hard-to-abate sectors like steelmaking. It will assess the potential of shared infrastructure to reduce costs, aggregate carbon dioxide volumes, and distribute risks among participants. Options include repurposing captured CO2 for industrial use or transporting it via pipeline or shipping to storage sites in Asia or northern Australia. The project also includes regulatory assessments of intra- and inter-regional CCUS rules and cross-border carbon transport. The study is expected to conclude by the end of 2026, with findings intended to inform industry practices and policy development.