9,367.77 TRY BIST 100 BIST 100
4.79 CNY CNY CNY
34.56 USD USD USD
36.19 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
41.35 TRY Interest Interest
74.24 USD Fossil Oil Fossil Oil
30.90 USD Silver Silver
4.09 USD Copper Copper
100.80 USD Iron Ore Iron Ore
365.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,982.57 TRY Gold (gr) Gold (gr)

A new step for low carbon production from ThyssenKrupp!

Aiming to reduce its carbon emissions by 30% by 2030, German ThyssenKrupp Steel has ordered a direct reduction plant for decarbonization.

A new step for low carbon production from  ThyssenKrupp!

German ThyssenKrupp Steel said on March 1 that it has ordered a hydrogen-powered direct reduction plant from Düsseldorf-based engineer SMS to launch one of the world's largest industrial decarbonization projects, which will eliminate more than 3.5 million metric tons of CO2 emissions per year.

The company said the Duisburg plant currently emits more than 17 million metric tons of CO2 per year, and potentially up to 20 million metric tons per year, due to coal-fired hot iron production using blast furnaces. The installation of the first direct abatement plant will enable the plant to reduce its emissions by 20%, or 3.5 million metric tons per year.

The plant, which will have a direct reduced iron (DRI) capacity of 2.5 million mt/year, will be operational by the end of 2026.

ThyssenKrupp stated that hydrogen-based direct reduction furnaces will form an important basis for future carbon-neutral steel production, adding that they plan to complete the transition to hydrogen-based steel production by 2045 at the latest.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

South Korea's crude steel production decreased by 18.3% in October

Friday, November 22, 2024

SSAB and Saint-Gobain's slag reprocessing plant in Raahe progresses

Friday, November 22, 2024

US Steel Producer partners with Primetals Technologies for EAF Ultimate

Friday, November 22, 2024

Imported scrap prices on the decline, demand stagnant!

Friday, November 22, 2024

Roadmap for India’s steel sector: Demand, imports and future plans

Friday, November 22, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now