An {industry} consortium comprised of main steelmakers ArcelorMittal Nippon Metal India, JSW Metal, Hyundai Metal Firm and different worth chain gamers, BHP, Chevron, Mitsui & Co., Ltd. (the consortium), are enterprise a prefeasibility examine to evaluate the event of Carbon Seize, Utilisation and Storage (CCUS) hubs throughout Asia.
The CCUS Hub examine is the primary unbiased industry-led examine of its sort in Asia and can study the technical and industrial pathways to utilizing CCUS in hard-to-abate industries throughout Asia. The examine will concentrate on the potential to develop large-scale tasks which might repurpose, or retailer, captured carbon dioxide (CO2).
By leveraging shared infrastructure and economies of scale, the examine will search potential purposes for captured CO2 in industrial processes, or transport captured CO2 by way of pipeline or delivery to storage websites in Asia or northern Australia.
The plan is for every participant within the examine to be included in at the very least one hub, and the examine will ship conceptual growth methods for every hub together with price and schedule estimates, and potential commercialisation pathways.
The examine may also have a look at non-technical enablers required to make CCUS hubs a actuality, for instance regulatory assessments together with intra- and inter-regional assessments of CCUS and cross border transport.
The consortium, which is open to extra members becoming a member of and contributing to the examine, has appointed Hatch as Mission Administration Officer in collaboration with World CCS Institute, McDaniel and Tempo CCS.
The examine is predicted to conclude on the finish of 2026, with findings to be shared publicly to advertise broader {industry} studying and assist the event of enabling coverage and regulatory frameworks.
A task for CCUS is effectively represented in a lot of exterior world climatic situations. Carbon seize applied sciences utilized in a variety of current industrial purposes are comparatively mature, and in a position to combine with current services, the consortium says.
The consortium is prioritising the subsequent vital step – the examine of scalable utilisation and storage options to check the potential for broader adoption to assist decarbonisation, particularly in areas the place regulatory hurdles and market maturity restrict progress.
By concentrating on regional hubs, the consortium’s examine will look to seek out methods to unravel the problem of scale by aggregating captured carbon into sufficiently giant portions to:
- Optimise the unit price of seize, transportation and storage by economies-of-scale;
- Present adequate scale for financial utilisation options;
- Unlock novel options for a number of hard-to-abate industries without delay, to allow regional decarbonisation efforts to be accelerated; and/or
- Guarantee price and danger is appropriately shared amongst events.
Ben Ellis, Vice President Advertising and marketing Sustainability, BHP, mentioned: “BHP is dedicated to supporting our steelmaking prospects on their journey to decarbonise the {industry}. With greater than 1 billion tonnes of manufacturing a yr in Asia coming from blast furnace capability that’s comparatively early in its manufacturing life, it’s vital for {industry} to progress applied sciences to decarbonise current steelmaking belongings whereas new industrial pathways to decarbonise steelmaking are developed over time. By leveraging shared information and assets with our companions, we’re investing in assist for modern options – just like the potential of CCUS – that we see as an important a part of decarbonising hard-to-abate sectors comparable to steelmaking.”
