Slashdot: Mitsubishi Heavy To Build Biggest Zero-Carbon Steel Plant

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.

Comments

Slashdot: AT&T Says Leaked Data of 70 Million People Is Not From Its Systems

AT&T Says Leaked Data of 70 Million People Is Not From Its Systems Published on March 20, 2024 at 02:15AM An anonymous reader quotes a report from BleepingComputer: AT&T says a massive trove of data impacting 71 million people did not originate from its systems after a hacker leaked it on a cybercrime forum and claimed it was stolen in a 2021 breach of the company. While BleepingComputer has not been able to confirm the legitimacy of all the data in the database, we have confirmed some of the entries are accurate, including those whose data is not publicly accessible for scraping. The data is from an alleged 2021 AT&T data breach that a threat actor known as ShinyHunters attempted to sell on the RaidForums data theft forum for a starting price of $200,000 and incremental offers of $30,000. The hacker stated they would sell it immediately for $1 million. AT&T told BleepingComputer then that the data did not originate from them and that its systems were not breached. &q

Slashdot: TurboTax and H&R Block Want 'Permission to Blab Your Money Secrets'

TurboTax and H&R Block Want 'Permission to Blab Your Money Secrets' Published on March 03, 2024 at 02:04AM Americans filing their taxes could face privacy threats, reports the Washington Post: "We just need your OK on a couple of things," TurboTax says as you prepare your tax return. Alarm bells should be ringing in your head at the innocuous tone. This is where America's most popular tax-prep website asks you to sign away the ironclad privacy protections of your tax return, including the details of your income, home mortgage and student loan payments. With your permission to blab your money secrets, the company earns extra income from showing you advertisements for the next three years for things like credit cards and mortgage offers targeted to your financial situation. You have the legal right to say no when TurboTax asks for your permission to "share your data" or use your tax information to "improve your experience...." The article c

Slashdot: H&R Block, Meta, and Google Slapped With RICO Suit, Allegedly Schemed to Scrape Taxpayer Data

H&R Block, Meta, and Google Slapped With RICO Suit, Allegedly Schemed to Scrape Taxpayer Data Published on October 02, 2023 at 03:14AM Anyone who has used H&R Block's tax return preparation services since 2015 "may have unintentionally helped line Meta and Google's pocket," reports Gizmodo: That's according to a new class action lawsuit which alleges the three companies "jointly schemed" to install trackers on the H&R Block site to scan and transmit tax data back to the tech companies which then used elements of the data to engage in targeted advertising. Attorneys bringing the case forward claim the three companies' conduct amounts to a "pattern of racketeering activity" covered under the Racketeer Influenced and Corrupt Organizations Act (RICO), a tool typically reserved for organized crime. "H&R Block, Google, and Meta ignored data privacy laws, and passed information about people's financial lives around like

Shameless Plug

Search This Blog