Global, domestic steel companies to conduct joint studies on carbon capture and utilisation

A group of Indian and foreign headquartered steel majors is undertaking pre-feasibility studies to assess the development of Carbon Capture, Utilisation and Storage (CCUS) hubs across Asia. ArcelorMittal Nippon Steel India, JSW Steel, Hyundai Steel Company and other value chain players, BHP, Chevron, Mitsui & Co., Ltd. (the Consortium), are participating in this exercise. A BHP statement said this is the first independent industry-led study of its kind in Asia and will examine the technical and commercial pathways to utilising CCUS in hard-to-abate industries across Asia.

“The study will focus on the potential to develop large-scale projects which can repurpose, or store, captured carbon dioxide (CO2),” the statement added.

By leveraging shared infrastructure and economies of scale, the study seeks potential applications for captured CO2 in industrial processes, or transport captured CO2 via pipeline or shipping to storage sites in Asia or Northern Australia.

The plan is for each participant in the study to be included in at least one hub, and the study will deliver conceptual development strategies for each hub including cost and schedule estimates, and potential commercialisation pathways, BHP said.

Non-technical enablers required to make CCUS hubs a reality, for example regulatory assessments including intra and inter-regional assessments of CCUS and cross border transport will also be in focus.

This study is expected to conclude by 2026-end, with findings to be shared publicly to promote broader industry learning and support the development of enabling policy and regulatory frameworks.