BHP has announced a new building block in its climate change strategy with the announcement of a carbon capture partnership with Peking University.
The move is part of the miner’s wider strategy to combat climate change, and its five pillar program which includes processes such as mitigation, engagement with stakeholders, and in this case investigating low emissions technology.
The new US$7.37 million partnership is focused on carbon capture, use, and storage technology (CCS) for steel production in China.
The three year agreement will leverage learnings generated from BHP’s existing Carbon Capture Knowledge Centre – a joint venture with SaskPower – and the Boundary Dam facility which are focused on energy, and apply these to the steel industry.
Speaking at the launch of the program today in China, BHP CEO Andrew Mackenzie explained the miner “accepts the IPCC’s assessment of climate change science which has found that the climate’s warming is unequivocal, the human influence is clear, and physical impacts are unavoidable”.
He went on to state this partnership with Peking University “is a necessary first step to get the fundamentals right and accelerate CCS development and deployment” as part of the company’s wider climate change program.
“The application of carbon capture, use and storage may prove to be important to reducing the volume of greenhouse gas emitted by the steel sector in China and elsewhere. However investment in the technology is behind where it needs to be,” he explained.
“China leads the way in the planning and development of large scale CCS projects and should CCUS become commercially proven it could be a significant industry for China.
“We hope this research will draw more capital into the development of CCS for use in steelmaking and broader industrial applications.”
The technology partnership was welcomed by Peking University president, professor Lin Jianhua.
“We recognise the importance of international collaboration in addressing the global challenge of climate change. This new project will push forward the collaborative work on many fronts, help support China’s carbon reduction, as well as promote friendship and cooperation between China and Australia,” he said.
The miner added that it is working to take the next step, and programs such as this and Boundary Dam lay out the groundwork to be able to make informed decisions.