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
-
From Louisiana to Europe: Certified Low-Carbon Ammonia on the Move
Inside This Issue 🚢 CF Industries, Trafigura, and Envalior Announce Shipment of Certified Low-Carbon Ammonia 🥤 Skytree Validates DAC System to Generate Pure, Beverage-Grade Liquid CO₂ On-Site 💻 Su...
-
What 43 CCS Projects and $3.5B Mean for U.S. Decarbonization
Inside This Issue 💰 Louisiana's $3.5B Carbon Capture Surge Sets National Decarbonization Blueprint 🌍 UN Climate Summit To Feature First-Ever Carbon Removal Pavilion At COP30 🚛 AtmosClear Selects E...
-
Inside the $26B Hydrogen Bet Starting Now
Inside This Issue 💧 Five US Green Hydrogen Projects Begin 2025 Shift to Cleaner Energy 🪨 Conestoga Energy Submits Class VI Carbon Capture & Sequestration Permit Application to EPA Region 7 ⚡ P...
Company Announcements
-
Lyon-Saint Exupéry Airport (LYS) has reached net zero emissions a year early, marking a major sustainability milestone for VINCI Airports’ global decarbonisation programme. VINCI Airports has anno...
-
Brossard, Quebec – TheNewswire – October 6, 2025 – Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) (“Charbone” or the “Company”), a company dedicated to building North America’s fi...
-
CF Industries, Trafigura, and Envalior Announce Shipment of Certified Low-Carbon Ammonia
NORTHBROOK, Ill., October 3, 2025 – CF Industries Holdings, Inc. (NYSE: CF), the world’s largest producer of ammonia, today announced a shipment of certified low-carbon ammonia from its Donaldsonvi...
-
Orlando, FL., Oct. 06, 2025 (GLOBE NEWSWIRE) -- Sustainable Green Team, Ltd. (OTC:SGTM) (“SGTM” or the “Company”), a leader in environmentally beneficial solutions, today announced the formation of...