BHP is bringing together a global group of steelmakers and energy companies to explore carbon capture, utilization, and storage (CCUS) hubs across Asia. The effort focuses on industries that are some of the hardest to decarbonize: steel, cement, and chemicals. For these sectors, CCUS is not just a technology option. It is rapidly becoming a necessity. By aiming to create shared pipelines, transport links, and geological storage, BHP is positioning CCUS as the backbone of Asia’s industrial future.
Key Takeaways…
Carbon capture, utilization, and storage (CCUS) has long been seen as a side play in the energy transition. For years it carried the reputation of being too expensive, too experimental, and too dependent on government subsidies. That perception is changing fast. A wave of regulatory pressure, investor scrutiny, and customer demand is moving CCUS from a marginal option to a mainstream requirement. For executives, the strategic question is no longer whether to engage with CCUS but how to build it…
Washington is betting billions on carbon capture, but red tape may slow the payout. The Inflation Reduction Act (IRA) has made CCUS one of the most incentivized climate technologies in history. Yet proposed reforms and agency delays are creating both opportunity and uncertainty for executives charting a decarbonization path.
Executive Summary
The United States currently offers the world’s most generous CCUS incentives, with tax credits of up to $180 per ton for Direct Air Capture (DAC) and $85 per ton…
BHP is bringing together a global group of steelmakers and energy companies to explore carbon capture, utilization, and storage (CCUS) hubs across Asia. The effort focuses on industries that are some of the hardest to decarbonize: steel, cement, and chemicals. For these sectors, CCUS is not just a technology option. It is rapidly becoming a necessity. By aiming to create shared pipelines, transport links, and geological storage, BHP is positioning CCUS as the backbone of Asia’s industrial future.
Key Takeaways…
Carbon capture, utilization, and storage (CCUS) has long been seen as a side play in the energy transition. For years it carried the reputation of being too expensive, too experimental, and too dependent on government subsidies. That perception is changing fast. A wave of regulatory pressure, investor scrutiny, and customer demand is moving CCUS from a marginal option to a mainstream requirement. For executives, the strategic question is no longer whether to engage with CCUS but how to build it…
Washington is betting billions on carbon capture, but red tape may slow the payout. The Inflation Reduction Act (IRA) has made CCUS one of the most incentivized climate technologies in history. Yet proposed reforms and agency delays are creating both opportunity and uncertainty for executives charting a decarbonization path.
Executive Summary
The United States currently offers the world’s most generous CCUS incentives, with tax credits of up to $180 per ton for Direct Air Capture (DAC) and $85 per ton…