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Industry Consortium Launches CCUS Hub Study
08/11/2025 - ArcelorMittal Nippon Steel India, JSW Steel, Hyundai Steel Co., BHP, Chevron and Mitsui & Co., Ltd. have formed a consortium to perform a prefeasibility study to assess the development of carbon capture, utilization and storage (CCUS) hubs across Asia.
BHP said the CCUS Hub study will focus on the potential to develop large-scale projects that can repurpose or store captured CO2. They will leverage shared infrastructure and economies of scale to find applications for the captured CO2 in industrial processes, or transport captured CO2 by pipeline or shipping to storage sites in Asia or Northern Australia. It is the first independent industry-led study of its kind in Asia.
“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 decarbonizing hard-to-abate sectors such as steelmaking,” said Ben Ellis, vice president of marketing sustainability at BHP.
Each member of the consortium will be included in at least one hub. The study will deliver cost and schedule estimates, and pathways for commercialization. It will also look at nontechnical enablers such as intra- and interregional assessments of CCUS and cross-border transport.
“This consortium goes beyond conventional technological development — it aims to deliver real and measurable emissions reductions through collaboration with global partners, sharing knowledge and experience across borders,” said Yonghee Kim, vice president of the process R&D subdivision at Hyundai Steel.
The consortium is open to additional members joining and contributing to the study. They have appointed Hatch as project management officer in collaboration with Global CCS Institute, McDaniel and Pace CCS.
“Partnerships and collaboration to accelerate the development and deployment of CCUS is essential, and this consortium would help pave the way forward,” said Prabodha Acharya, chief sustainability officer at JSW Group.
The consortium said it is prioritizing the study of scalable utilization and storage solutions for broader use to support decarbonization, especially in regions where regulatory hurdles and market maturity limit progess.
BHP said the study is expected to finish at the end of 2026. Findings will be shared publicly to promote broader industry learning and support development of enabling policy and regulatory frameworks.
“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 decarbonizing hard-to-abate sectors such as steelmaking,” said Ben Ellis, vice president of marketing sustainability at BHP.
Each member of the consortium will be included in at least one hub. The study will deliver cost and schedule estimates, and pathways for commercialization. It will also look at nontechnical enablers such as intra- and interregional assessments of CCUS and cross-border transport.
“This consortium goes beyond conventional technological development — it aims to deliver real and measurable emissions reductions through collaboration with global partners, sharing knowledge and experience across borders,” said Yonghee Kim, vice president of the process R&D subdivision at Hyundai Steel.
The consortium is open to additional members joining and contributing to the study. They have appointed Hatch as project management officer in collaboration with Global CCS Institute, McDaniel and Pace CCS.
“Partnerships and collaboration to accelerate the development and deployment of CCUS is essential, and this consortium would help pave the way forward,” said Prabodha Acharya, chief sustainability officer at JSW Group.
The consortium said it is prioritizing the study of scalable utilization and storage solutions for broader use to support decarbonization, especially in regions where regulatory hurdles and market maturity limit progess.
BHP said the study is expected to finish at the end of 2026. Findings will be shared publicly to promote broader industry learning and support development of enabling policy and regulatory frameworks.
