Global steel, mining, and energy majors form alliance to tap Asia’s CCUS opportunities. (Photo: BHP)
Asia’s carbon capture, utilization and storage (CCUS) ambitions are drawing strong interest, with cross-sector players joining forces to launch a new research initiative.
On August 11, BHP, the world’s largest mining company, announced a partnership with leading steel and energy companies to assess the feasibility of establishing a regional CCUS hub in Asia, aiming to accelerate decarbonization in hard-to-abate sectors such as steelmaking.
Synergies aimed at lowering development costs
The newly formed cross-industry coalition includes BHP, ArcelorMittal Nippon Steel India, India’s JSW Steel, Hyundai Steel, U.S. energy major Chevron, and Japan’s Mitsui & Co.
