BHP Group, the world’s biggest miner, will lead a consortium of steelmakers and other industrial giants in investigating opportunities for carbon capture utilization and storage (CCUS) across Asia, it said in a statement Monday.
ArcelorMittal Nippon Steel India Pvt Ltd., JSW Steel Ltd., Hyundai Steel Co., along with gas major Chevron Corp. and Mitsui & Co. Ltd., are partners in the study, BHP said. Together, they will produce a pre-feasibility study to identify potential large-scale CCUS projects to store emissions from blast furnaces used to turn iron into steel. Steelmaking accounts for roughly 8% of global carbon dioxide emissions.
>> In Other News: Natural Marine Microbial Communities in Gigablue’s Field Experiment
Storage tanks at the Northern Lights carbon capture and storage project, controlled by Equinor ASA, Shell and TotalEnergies, at Blomoyna, Norway, on Friday, Jan. 19, 2024. Part of a $2.6 billion network, the facility is set to pump climate-warming carbon dioxide from manufacturing sites in Europe into an untouched saline aquifer deep below the seabed. Photographer: Andrea Gjestvang/Bloomberg
There are limited commercial CCUS projects in Asia and the viability of the nascent technology is still in doubt. It involves capturing carbon dioxide emissions from large industrial facilities and permanently sequestering them in underground reservoirs.
With more than 1 billion tons of steel production a year in Asia coming from blast furnaces at the early stages of their life cycle, it’s important for the industry to advance technologies capable of decarbonizing existing assets, Ben Ellis, Vice President Marketing Sustainability at BHP, said in a statement.
The study is expected to conclude in 2026 and will focus on sites in Asia or Northern Australia.
The steel industry is one of the hardest to decarbonize due to its heavy dependence on coal, which is currently used as fuel to produce more than 70% of the global output. China aims to replace 15% of its output with electric arc furnaces by the end of this year.
Subscribe to the newsletter
Daily decarbonization data and news delivered to your inbox
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Companies
Latest issues
-
60 Hydrogen Projects Died. Here's What Survived.
Inside This Issue ⚠️ Hydrogen's 4.9M-Tonne Shakeout: What's Still Being Built ⚡ Emerson and Strategic Biofuels to Deliver Renewable Carbon-Neutral Power to Louisiana 🔋 Plug Power Selected to Suppl...
-
One Company Bought 93% of All Carbon Removals on Earth
Inside This Issue 📊 Microsoft Bought 93% of Carbon Removals. Now What? 🌱 Symbiosis Announces New Carbon Offtake Agreements With Living Carbon 🛢️ Canada and Alberta Reach Agreement-in-Principle on ...
-
They're Burying Carbon Under the Sea. With Sewage.
Inside This Issue 🌿 Inherit Enters Operation With World's First Carbon Removal Project From Biogas in Norway 🏭 First Ammonia Bets on 2026 FID After Topsoe Exit 🧪 Hydrogen Filling With 90 Tonnes at...
Company Announcements
-
Topsoe Partners With Hynfra P.S.A. To Advance Green Ammonia in Jordan
Topsoe has signed a Front-End Engineering & Design (FEED) agreement with Hynfra P.S.A. (Hynfra) for an advanced green ammonia project in Jordan. When fully operational, Topsoe’s technology wil...
-
Carbon Upcycling Secures $10M in Financing from ATEL Ventures to Support Clean Cement Manufacturing
Carbon Upcycling Technologies Inc. ("Carbon Upcycling"), the leading commercial platform provider for low-carbon cement materials, today announced that it has entered an agreement with ATEL Venture...
-
Large-scale project award reinforces company’s role as a trusted partner for global industrial decarbonization Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions, ...
-
Emerson and Strategic Biofuels to Deliver Renewable Carbon-neutral Power to Louisiana
Global automation leader provides advanced technologies for first-of-its-kind biomass facility with carbon capture and sequestration Emerson selected by Strategic Biofuels to automate one of the ...