A consortium of leading steelmakers and energy companies is studying the development of large-scale carbon capture, utilisation and storage hubs across Asia, which produces more than 70% of the world’s steel.
The CCUS Hub partners include ArcelorMittal Nippon Steel India, JSW Steel, Hyundai Steel Company, BHP, Chevron, and Mitsui & Co.
The study will examine opportunities for shared CO2 capture, transport and storage infrastructure, aiming to reduce costs compared to individual projects. Each partner will be involved in at least one hub, comprising centralised capture, transport, and storage facilities.
“With more than 1 billion tonnes of production a year in Asia coming from blast furnace capacity that is relatively early in its production life, it’s important for industry to decarbonise existing steelmaking assets,” said Dr Ben Ellis, Vice President Marketing Sustainability at BHP.
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