Global Collaboration for a Sustainable Future

In a landmark move, Hyundai Steel, along with global partners BHP, Thyssenkrupp, Japan's Mitsui & Co., India's JSW Steel, and AM/NS India, has embarked on a pioneering 'CCUS Hub Study' to explore carbon capture, utilization, and storage solutions. This joint study agreement marks a significant step towards reducing industrial carbon emissions on a global scale.

Innovative Approach to Carbon Reduction

The 'CCUS Hub Study' aims to centralize the capture and processing of carbon dioxide from various industrial sites into a single hub, facilitating efficient storage or reuse. Managed by global engineering firm Hatch, this initiative represents a forward-thinking approach to achieving carbon neutrality in the steel industry and beyond.

Setting the Stage for Industrial Transformation

With an 18-month research timeline, the consortium is set to identify potential hub locations in Southeast Asia and Northern Australia, evaluating the feasibility of commercializing this innovative carbon management solution. This collaboration underscores the steel industry's commitment to sustainable development and environmental stewardship.

A Milestone in Asia's Carbon Reduction Efforts

This agreement positions Hyundai Steel and its partners at the forefront of Asia's first industry-led CCUS research initiative, strengthening the global network for carbon emission reduction and setting a precedent for future collaborations in the sector.

Commitment to a Carbon-Neutral Future

Hyundai Steel's proactive engagement in carbon capture technologies and partnerships with global industries highlights its dedication to achieving carbon neutrality by 2050, marking a critical step towards sustainable industrial practices.

A spokesperson for Hyundai Steel remarked, "This consortium offers a unique opportunity to advance carbon reduction technologies and expand the possibilities for a carbon-neutral future. Collaborating with global industries is key to enhancing the sustainability of the steel sector."