Mitsubishi Heavy To Build Biggest Zero-Carbon Steel Plant
Published on December 31, 2020 at 10:30PM
Japan's Mitsubishi Heavy Industries will soon complete in Austria the world's largest steel plant capable of attaining net-zero carbon dioxide emissions. Mitsubishi Heavy, through a British unit, is constructing the pilot plant at a complex of Austrian steelmaker Voestalpine. Trial operation is slated to begin in 2021. From a report: The plant will use hydrogen instead of coal in the reduction process for iron ore. The next-generation equipment will produce 250,000 tons of steel product a year. The global steel industry generated about 2 billion tons of CO2 in 2018, according to the International Energy Agency -- double the volume in 2000. The steel sector's share among all industries grew 5 percentage points to 25%. Iron ore reduction accounts for much of the CO2 emissions in steelmaking. Japanese steelmakers including Nippon Steel are developing hydrogen-consuming reduction processes based on the conventional blast furnace design. Mitsubishi Heavy's plant adopts a process called direct reduced iron, or DRI. New blast furnaces require trillions of yen (1 trillion yen equals $9.6 billion) in investment. Although DRI equipment produces less steel, the investment is estimated at less than half of blast furnaces. For DRI to attain the same level of cost-competitiveness as blast furnaces, low-cost hydrogen will be key. Market costs for hydrogen now stand at around 100 yen per normal cu. meter, estimates the Ministry of Economy, Trade and Industry.
Published on December 31, 2020 at 10:30PM
Japan's Mitsubishi Heavy Industries will soon complete in Austria the world's largest steel plant capable of attaining net-zero carbon dioxide emissions. Mitsubishi Heavy, through a British unit, is constructing the pilot plant at a complex of Austrian steelmaker Voestalpine. Trial operation is slated to begin in 2021. From a report: The plant will use hydrogen instead of coal in the reduction process for iron ore. The next-generation equipment will produce 250,000 tons of steel product a year. The global steel industry generated about 2 billion tons of CO2 in 2018, according to the International Energy Agency -- double the volume in 2000. The steel sector's share among all industries grew 5 percentage points to 25%. Iron ore reduction accounts for much of the CO2 emissions in steelmaking. Japanese steelmakers including Nippon Steel are developing hydrogen-consuming reduction processes based on the conventional blast furnace design. Mitsubishi Heavy's plant adopts a process called direct reduced iron, or DRI. New blast furnaces require trillions of yen (1 trillion yen equals $9.6 billion) in investment. Although DRI equipment produces less steel, the investment is estimated at less than half of blast furnaces. For DRI to attain the same level of cost-competitiveness as blast furnaces, low-cost hydrogen will be key. Market costs for hydrogen now stand at around 100 yen per normal cu. meter, estimates the Ministry of Economy, Trade and Industry.
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