Asian Steelmakers Join Forces to Develop Carbon Capture, Utilisation and Storage Hubs

A consortium of industry leaders, including ArcelorMittal Nippon Steel India, JSW Steel, and Hyundai Steel, is undertaking a study to assess the development of Carbon Capture, Utilisation and Storage (CCUS) hubs across Asia. The study will examine technical and commercial pathways for utilising CCUS in hard-to-abate industries, focusing on repurposing or storing captured carbon dioxide. The study is expected to conclude by the end of 2026 and findings will be shared publicly to promote industry learning and support policy and regulatory frameworks.

A consortium of leading steelmakers and energy firms, including ArcelorMittal Nippon Steel India, JSW Steel, and Hyundai Steel, has launched a pre-feasibility study to assess the development of Carbon Capture, Utilisation and Storage (CCUS) hubs across Asia. The study, led by BHP and involving Chevron, Mitsui & Co., Ltd., and other industry players, aims to explore technical and commercial pathways for utilising CCUS in hard-to-abate industries, such as steelmaking [1].

The CCUS Hub study, managed by Hatch in collaboration with the Global CCS Institute, McDaniel, and Pace CCS, will focus on repurposing or storing captured carbon dioxide (CO2) [1]. By leveraging shared infrastructure and economies of scale, the study seeks to aggregate carbon dioxide volumes for storage or reuse, and distribute risks among participants [2]. Potential applications include repurposing captured CO2 in industrial processes or transporting it via pipeline or shipping to storage sites in Asia or Northern Australia [1].

Each participant in the study will be involved in at least one hub, with the study expected to deliver conceptual development strategies, cost and schedule estimates, and potential commercialisation pathways [1]. The study will also examine non-technical enablers, such as regulatory assessments and cross-border transport rules [1]. The findings, scheduled to be released by the end of 2026, will be shared publicly to support industry learning and the development of enabling policy and regulatory frameworks [1].

The study is part of a broader effort to accelerate decarbonisation in Asia, where steelmaking is a significant source of CO2 emissions. Companies involved in the study, including BHP, ArcelorMittal Nippon Steel India, JSW Steel, and Hyundai Steel, have expressed their commitment to supporting innovative solutions like CCUS to reduce emissions and contribute to a low-carbon future [1][3].

References:

[1] https://www.bhp.com/news/media-centre/releases/2025/08/global-industry-leaders-launch-ccus-hub-study-to-accelerate-decarbonisation-in-asia

[2] https://infra.economictimes.indiatimes.com/news/construction/steelmakers-energy-firms-launch-study-on-ccus-hubs-across-asia/123229710

[3] https://www.reuters.com/sustainability/climate-energy/bhp-leads-global-steelmakers-group-study-asian-carbon-capture-hubs-2025-08-11/