Global Steel Giants Join Forces to Study Carbon Capture and Utilization in Asia

A group of Indian and foreign steel majors, including ArcelorMittal Nippon Steel India, JSW Steel, Hyundai Steel Company, and BHP, are conducting pre-feasibility studies to assess the development of Carbon Capture, Utilisation and Storage (CCUS) hubs across Asia. The study will examine the technical and commercial pathways to utilising CCUS in hard-to-abate industries, focusing on potential applications for captured CO2 in industrial processes or storage sites in Asia or Northern Australia. The study is expected to conclude by 2026-end and findings will be shared publicly to promote industry learning and development of enabling policy frameworks.

A consortium of Indian and foreign steel majors, including ArcelorMittal Nippon Steel India, JSW Steel, Hyundai Steel Company, and BHP, has undertaken a pre-feasibility study to assess the development of Carbon Capture, Utilisation and Storage (CCUS) hubs across Asia. The study, led by an industry consortium, aims to explore technical and commercial pathways for CCUS in hard-to-abate industries [1].

The consortium, which includes other value chain players such as Chevron, Mitsui & Co., Ltd., and BHP, is focusing on potential applications for captured CO2 in industrial processes or storage sites in Asia or Northern Australia. The study will leverage shared infrastructure and economies of scale to identify viable pathways for large-scale projects that can repurpose or store captured carbon dioxide [1].

The study, expected to conclude by the end of 2026, will deliver conceptual development strategies, cost and schedule estimates, and potential commercialisation pathways for each hub. It will also address non-technical enablers, such as regulatory assessments and cross-border transport, to facilitate the development of CCUS hubs [1].

The consortium, open to additional members, has appointed Hatch as Project Management Officer in collaboration with the Global CCS Institute, McDaniel, and Pace CCS. The findings of the study will be shared publicly to promote broader industry learning and support the development of enabling policy and regulatory frameworks [1].

The initiative underscores the commitment of the steel industry and its partners to decarbonisation. BHP, for instance, is supporting its steelmaking customers on their journey to decarbonise the industry, recognising the need for innovative solutions like CCUS to support broader adoption and accelerate regional decarbonisation efforts [1].

The study's findings are expected to provide valuable insights into the potential of CCUS in the steel industry, a sector that accounts for a significant portion of global carbon emissions. By concentrating on regional hubs, the consortium aims to solve the challenge of scale by aggregating captured carbon into sufficiently large quantities to optimise costs and unlock novel utilisation solutions [1].

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://asia.nikkei.com/business/energy/bhp-and-asian-steelmakers-join-forces-to-study-carbon-capture-hubs