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BHP leads global steelmakers group to study Asian carbon capture hubs
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BHP leads global steelmakers group to study Asian carbon capture hubs
Aug 10, 2025 6:17 PM

Aug 11 (Reuters) - BHP, the world's largest

miner, is leading a global consortium of steelmakers to explore

carbon capture, utilisation and storage (CCUS) opportunities

across Asia, project manager Hatch said on Monday.

The group, comprising ArcelorMittal Nippon Steel India, JSW

Steel, Hyundai Steel, Chevron Corp ( CVX )

and Mitsui & Co ( MITSF ), will assess the deployment of CCUS in

"hard-to-abate" sectors, such as steelmaking.

The one-year pre-feasibility study will focus on the

potential to develop large-scale projects in Asia, which could

repurpose or store captured carbon dioxide.

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.

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