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
-
Innio Just Ran a Data Center on 100% Hydrogen. Here's What Happened.
Inside This Issue ⚡ Innio and Net Zero Innovation Hub Deliver World-First 3 MW Demonstration of 100% Hydrogen Backup Power for Data Centers 🌳 Chestnut Carbon Doubles Footprint in Southeast U.S. to...
-
First CO2 Well in Four States. It's in Kansas.
Inside This Issue 🛢️ Kansas Gets Its First CO2 Storage Well, PureField Shows How 🤝 FPH2 Expands California Renewable Hydrogen Supply Partnerships To Support Public Fleets, Data Infrastructure, And...
-
DOE Reversal: Which Hydrogen and DAC Hubs Made the Cut
Inside This Issue 💰 DOE Restores $1.2B for DAC Hubs and 5 Hydrogen Projects 🌏 CCUS Hub Study Identifies Five Asia-Pacific Hub Sites and Welcomes New Consortium Partners 🧪 Petronor and H2SITE Partn...
Company Announcements
-
HUNT VALLEY, Md.--(BUSINESS WIRE)--Teledyne Energy Systems, Inc. is enabling a major step forward in industrial decarbonization with the deployment of its Titan™ EL Series hydrogen generator at JTE...
-
Enbridge B.C. Natural Gas Pipeline Expansion Receives Federal Approval
CALGARY, AB, April 24, 2026 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) announced today that the Canadian Government has approved the Sunrise Expansion Program (th...
-
INNIO and the Net Zero Innovation Hub for Data Centers achieve an industry-first demonstration of 100% hydrogen-fueled backup power at the 3 MW scale Technical experts from Microsoft, Google, and ...
-
Chestnut Carbon Doubles Footprint in Southeast U.S. to Nearly 70,000 Acres of Restored Forests
Company Completes its Largest U.S. Planting Operation to Date NEW YORK, April 23, 2026 /PRNewswire/ -- Chestnut Carbon ("Chestnut"), a leading U.S. developer of nature-based carbon removal project...