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
-
Canada Just Made CCUS Way More Profitable
Inside This Issue 💼 Canada Unlocks EOR for Federal Tax Credits in Landmark Policy Shift 🚀 Carbontech Funding Opens as CDR Sector Pushes for Net-Zero Standard Revisions 💧 CHARBONE Confirms its Firs...
-
The $13.6B Oilfield Deal That's Actually About Clean Energy
Inside This Issue 💼 The $13.6B Oilfield Deal That's Actually About Clean Energy 💸 Waga Energy Signs a $180M Debt Financing to Accelerate Its Expansion in the US 🌫️ Deep Sky Launches Operations of ...
-
Why Texas, Arizona & West Virginia Are Making History
Inside This Issue 🗺️ Three States Just Took Control of CCS Permitting. Here's What It Means. ⛏️ QIMC's U.S. SPV, Orvian, Awarded Two RGRAs From the State of Minnesota to Advance Next-Generation Na...
Company Announcements
-
Research engineer Casey Jones inspects a drying belt at [**Alithic**](https://alithic.com/)’s demonstration plant in Madison, which combines carbon dioxide from the atmosphere with ash and other...
-
HOUSTON, Dec. 01, 2025 (GLOBE NEWSWIRE) -- HyOrc Corporation (OTC: HYOR), an SEC-reporting, PCAOB audited, and ISO certified clean-energy company developing multi-fuel engines, green methanol produ...
-
CHARBONE Confirms its First Hydrogen Production in Sorel-Tracy
Brossard, Quebec – TheNewswire – December 1, 2025 – CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (“CHARBONE” or the “Company”), a North American producer and distributor specializing in ...
-
MAX Power Accelerates CEO Transition as Lawson Enters Next Phase of Natural Hydrogen Testing
Accelerated start for Ran Narayanasamy as CEO aligns with service rig mobilization at Lawson, multi-well follow-up at Bracken and continued buildout of AI-assisted Large Earth Model Integration (MA...