The Australian mining group BHP and Chinese steel group HBIS have agreed to test carbon capture, utilization and storage (CCUS) technologies at HBIS steel mills.
As part of the project, it is planned to develop and test technologies that can be integrated into steel production processes to reduce carbon dioxide emissions.
BHP CEO Mike Henry said, “This collaboration between BHP and HBIS, a world leader in the steel industry and an important buyer of our iron ore, will be a strong example for the industry to follow on a larger scale for the adoption of CCUS technology, as well as for achieving significant reductions in CO2 emissions in steel production.”
In 2021, the two companies signed a memorandum of understanding with investments amounting to $15 million over three years.
BHP Chief Commercial Officer Vandita Pant said, “Pilot testing of the new carbon capture technology will be conducted at HBIS production sites in Hebei and will build on separate carbon capture trials with ArcelorMittal and Mitsubishi announced in October 2022, and Hebei province accounts for around 20% of steel production in China”.