Asia moves closer to regional CCUS hubs with cross-border carbon storage in sight

Major industrial players including BHP, Chevron and Hyundai are collaborating on Asia’s first independent, industry-led CCUS study, exploring shared infrastructure to capture carbon from heavy industries and ship it to Australia for long-term storage. With Australia’s recent legislative changes enabling CO₂ imports and exports, the move could unlock a multi-hundred-billion-dollar industry while accelerating decarbonisation for steelmaking and other hard-to-abate sectors.

Read the full article for deeper insight into the potential scale and impact of this initiative.