Launch of study center focusing on carbon capture utilization to reduce emissions in Asian steel industry
In a significant move towards decarbonising the steel industry, a consortium of leading steelmakers and energy companies is studying the development of large-scale Carbon Capture, Utilisation, and Storage (CCUS) hubs across Asia.
The consortium, which includes ArcelorMittal Nippon Steel India, JSW Steel, Hyundai Steel Company, BHP, Chevron, and Mitsui & Co., is collaborating to share infrastructure for CO2 capture, transport, and storage. This collaboration aims to make the process more cost-effective and help reduce carbon emissions in the steel industry.
The focus of this industry-wide effort is on decarbonising existing steelmaking assets, according to Dr Ben Ellis, Vice President Marketing Sustainability at BHP. More than 1 billion tonnes of steel production in Asia comes from blast furnace capacity that is relatively early in its production life.
The planned CCUS hubs will consist of centralised facilities for capture, transport, and storage of CO2. Each partner will be involved in at least one hub, ensuring a comprehensive approach to addressing the issue.
The hubs are being developed to address the fact that Asia produces more than 70% of the world's steel. By implementing these hubs, the partners hope to significantly reduce carbon emissions in the region, contributing to global efforts against climate change.
The study aims to examine opportunities for shared CO2 capture, transport, and storage infrastructure to reduce costs compared to individual projects. The planned locations for these hubs are part of an ongoing pre-feasibility study to evaluate large-scale CCUS projects supporting decarbonisation in hard-to-abate industries.
For those interested in learning more about this topic, subscribing to gasworld is required. The ongoing study of large-scale carbon capture, utilisation, and storage hubs across Asia represents a significant step forward in the fight against climate change and the decarbonisation of the steel industry.
