A consortium of major steelmakers and industry players is conducting Asia's first independent study to explore large-scale carbon capture, utilization, and storage (CCUS) hubs for reducing emissions in hard-to-abate industries. The CCUS Hub study will focus on the potential to develop large-scale projects which can repurpose, or store, captured carbon dioxide (CO2). It aims to seek potential applications for captured CO2 within the industrial processes or transport it to storage sites in Asia or Northern Australia, by leveraging shared infrastructure and economies of scale. Carbon capture technologies are relatively mature and can integrate with existing facilities. The consortium is prioritizing the study of scalable utilization and storage solutions to test the potential for wider use in supporting decarbonization, particularly in areas where regulations and market development hinder progress. The study will explore how to combine captured carbon into large enough amounts to lower costs, improve scale, create new solutions, and fairly share costs and risks. The consortium, consisting of industry leaders ArcelorMittal Nippon Steel India, JSW Steel, Hyundai Steel Company and other value chain players, BHP, Chevron, Mitsui & Co., Ltd., has appointed Hatch as Project Management Officer in collaboration with Global CCS Institute, McDaniel, and Pace CCS. It is open for additional members joining and contributing to the study.

Global consortium launches study on carbon capture hubs to support Asia's decarbonization

A global consortium of major steelmakers and industry players has launched Asia's first independent study on large-scale carbon capture, utilization, and storage (CCUS) hubs to support decarbonization in hard-to-abate industries. The study aims to explore scalable solutions for repurposing or storing captured carbon dioxide (CO2), including its use in industrial processes or transport to storage sites in Asia or Northern Australia. The consortium includes ArcelorMittal Nippon Steel India, JSW Steel, Hyundai Steel Company, BHP, Chevron, and Mitsui & Co., Ltd., and has appointed Hatch as Project Management Officer in collaboration with the Global CCS Institute, McDaniel, and Pace CCS. The initiative focuses on leveraging shared infrastructure and economies of scale to reduce costs, improve scalability, and fairly share risks and costs among participants.