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.