BHP, the world’s largest miner, is leading a global consortium of major steelmakers will assess the deployment of carbon capture, utilisation, and storage (CCUS) in “hard-to-abate” sectors, such as steelmaking. The consortium includes ArcelorMittal Nippon Steel India, JSW Steel, and Hyundai Steel, and the project management handled by Hatch.
This multinational group, which also includes energy sector firms such as Chevron and Mitsui & Co, has launched a one-year pre-feasibility study to identify technical and commercial pathways for large-scale CCUS projects. The study will assess possibilities
for repurposing or storing captured carbon dioxide, leveraging shared infrastructure to reduce costs and distribute risks across consortium members.
While carbon capture technologies are relatively mature, they face cost and regulatory hurdles in many Asian markets.
The consortium will evaluate how shared infra can cut costs, aggregate sufficient volumes of carbon dioxide for storage or reuse and distribute risks across companies.
“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 expected to conclude at the end of 2026, with findings to be made public.
