- Hyundai Steel partners with Mitsui, BHP, Chevron, JSW, AM/NS India
- Project to be managed by Canadian engineering firm Hatch
A consortium of five major international companies, including South Korea’s Hyundai Steel, has initiated a joint feasibility study to establish a Carbon Capture, Utilization, and Storage (CCUS) hub. This initiative aims to centralise the processing of carbon dioxide emissions from each participating company, marking a significant collaborative effort toward decarbonising the steel industry.
The consortium, which signed a joint research agreement in Singapore, includes prominent partners such as Mitsui & Co., BHP , Chevron, JSW Steel, AM/NS India (AMNSI), a joint venture between Nippon Steel and ArcelorMittal.
Over the next 18 months, the group will conduct a detailed feasibility study, with potential hub locations being considered in Southeast Asia and northern Australia. This project will be managed by the Canadian engineering firm, Hatch.
For Hyundai Steel, which operates both blast furnaces and electric arc furnaces, this partnership represents a strategic move to accelerate its carbon neutrality goals. The company stated that collaborating with global partners on CCUS and other emission-reduction technologies is a crucial step in enhancing the steel industry’s sustainability.
Note: This article has been written in accordance with an article exchange agreement between Japan Metal Daily and BigMint.
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