Mighty Earth’s Post

Asian steel decarbonization growth uneven despite ambitious carbon neutral goals Aligning with carbon neutrality targets set by governments in the region, major Asian steelmakers have set their own goals to become carbon neutral, with timelines ranging from 2045 to 2060. With the absence of formal regulations, progress has been uneven. Several Asian steelmakers have made bold investments into research and development, with more advanced plans taking the form of setting up pilot plants. But within Asia, progress and commitment have been uneven, with Japan and South Korea leading the pack, whereas Southeast Asia appears to lag, given that many blast furnaces have been set up recently with more to come, some purportedly to take advantage of less stringent regulations there. #steel #asia #carbonneutrality #decarbonization Read rest of article from link below. https://lnkd.in/etvth_vt

ArcelorMittal #Poland (AMP) has decided to close the remaining #coke battery at its Krakow plant after the hoped-for rebound in #steel demand did not materialise. ArcelorMittal Group intends to achieve climate neutrality by 2050. The interim goal for European plants is to reduce #CO2 emissions by 35% by 2030 compared to 2018. https://lnkd.in/d9hwWAVG

How do three East Asian steelmaking giants, South Korea, Japan and China, compare to other major countries when it comes to their #SteelDecarbonization policies? E3G’s 2023 Steel Policy Scorecard Report, written in partnership with Solutions for Our Climate (기후솔루션), reveals that the G7 countries and the world’s top steel producing countries still have a long way to go. Far greater ambition in policymaking is needed to decarbonize an industry that accounts for 8% of global CO2 emissions. Read the report in English and in the newly released Korean version. 👉 English: https://lnkd.in/e_pTSSmG  👉 Korean: https://lnkd.in/ghtGJCs6 Of the East Asian nations scored: 🔷 Japan ranks the lowest in the report, scoring poorly across all the policy levers. Despite being the world’s third largest steel producer, Japan lacks direction on clean power and hydrogen, and ambition on emission reductions. 🔷 China, which produces nearly half of global steel production, shows important policy moves, such as establishing an infrastructure for emissions reporting and clear targets to increase the proportion of secondary, scrap-based steel production. However, “issues of overcapacity and continued investment in coal-based production overshadow progress” on its policies. 🔷 Korea’s policy signals are ambiguous. Home to several large and medium-sized steel makers, “it is one of the few countries with a dedicated steel decarbonization strategy, though that strategy falls short of setting an emissions reduction target for steel.” Its power sector is still dominated by imported fossil fuels and vague policies around hydrogen and CSS leave room for further fossil fuel use in steel production. The full report details steel transition trends and recommendations to raise policy ambition.

New Report: POSCO Installed Pilot Facility to Test Hydrogen-Based Ironmaking Technology, Aiming for Carbon Neutrality by 2050 by Fuel Cells Works POSCO has just taken a major step toward carbon neutrality with its groundbreaking Hydrogen Reduction Ironmaking (HyREX) process. By shifting from coal to hydrogen in steel production, POSCO is set to drastically cut emissions in one of the most carbon-intensive industries. On September 29, at its Technical Research Laboratories in Pohang, South Korea, POSCO successfully installed a pilot facility for the HyREX process, where the fluid reaction of iron ore in a fluidized reduction furnace was observed. The pilot plant marks a significant milestone in transitioning steelmaking towards a hydrogen-based future. Here’s why this is important: * The HyREX process uses hydrogen at high temperatures to produce Direct Reduced Iron (DRI), reducing reliance on carbon-heavy coal. * POSCO is targeting full commercialization of HyREX by 2030 and plans to retrofit its existing steel plants for carbon-neutral production by 2050. * By 2040, POSCO aims to cut carbon emissions by 50%, directly addressing future policies like the EU’s Carbon Border Adjustment Mechanism (CBAM). As steel remains the “rice of industry,” decarbonizing this sector will have a massive impact on global supply chains—from automotive to renewable energy industries. HyREX will not only enable cleaner steel production but also strengthen the sustainable supply of critical materials for industries like electric vehicles and wind power. It’s inspiring to see POSCO leading the charge toward greener steel production. This is a model that other heavy industries should look to as the path forward for achieving global net-zero goals. Details can be found at the following link: https://lnkd.in/ghJhikk3 #GreenSteel #HydrogenEconomy #SustainableIndustry #CarbonNeutral #POSCO #Decarbonization #HyREX #CleanTech

Expectations represent our anticipations of what will occur, while reality reveals what actually unfolds. While we aspire for these two to align, they frequently diverge. Across the market spectrum, from iron ore miners to steel mills, participants are recognizing the issue and dedicating time, resources, and funds toward solutions. Nevertheless, the stark reality remains: achieving net-zero emissions by 2050 in Asia appears to be a distant prospect, given the constraints of current and anticipated technology.

“Japan’s largest #steelmaker to invest billions of yen into #hydrogen -based #directironreduction” “Nearly 60% of the bill will be footed by the Japanese government” Polly Martin - 15 April 2024 “Nippon Steel, the largest steelmaker in Japan, is set to invest ¥38.4bn ($250m) into the development of highly efficient hydrogen-based direct iron reduction and #electricarcfurnaces to drastically cut #emissions from #steelproduction .” “The move by Nippon Steel may be a reaction to plans by the EU — a major #steelimporter — to start taxing imports according to their lifecycle #greenhousegasemissions from 2026 as part of the bloc’s #CarbonBorderAdjustmentMechanism , which is expected to drive steelmakers outside its borders towards #greener alternatives to #blastfurnaces .” https://lnkd.in/eWJa2x2e Source- original post Read all my posts #MariusPreston

𝗔𝘀𝗶𝗮𝗻 𝘀𝘁𝗲𝗲𝗹 𝗱𝗲𝗰𝗮𝗿𝗯𝗼𝗻𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗴𝗿𝗼𝘄𝘁𝗵 𝘂𝗻𝗲𝘃𝗲𝗻 𝗱𝗲𝘀𝗽𝗶𝘁𝗲 𝗮𝗺𝗯𝗶𝘁𝗶𝗼𝘂𝘀 𝗰𝗮𝗿𝗯𝗼𝗻 𝗻𝗲𝘂𝘁𝗿𝗮𝗹 𝗴𝗼𝗮𝗹𝘀 by Huirong Joanne Ju, Keith Tan, Clement Choo; S&P Global Commodity Insights #Highlights 🔵 Current efforts focus on improvements to blast furnace-based route 🔵 Direct reduced iron with hydrogen set as longer term goal 🔵 Southeast Asian efforts lag those of regional peers Aligning with #carbonneutrality targets set by #governments in the region, major Asian #steelmakers have set their own #goals to become carbon neutral, with timelines ranging from 2045 to 2060. With the absence of formal #regulations, progress has been uneven. Several #Asian steelmakers have made bold #investments into #research and #development, with more advanced #plans taking the form of setting up #pilotplants. Main #topics of the #article are: 🔴 Current efforts in emission reduction 🔴 Direct-reduced iron with hydrogen 🔴 EAF-based steelmaking 🔴 Obstacles abound; regulation as key driver of green steel #blastfurnace #EAF #DRI #HBI #hydrogen #CCUS #steel #steelmakers #steelmaking #ironmaking #Asia #obstacles #opportunities #challenges #efforts #emission #CBAM #greensteel The article link is here: https://lnkd.in/dyjhUQAd

POSCO’s Carbon Neutral Roadmap POSCO established the target of #CO2 reduction 100% by 2050 🟢 By 2030, Improving exisiting facility and Starting to #operating Electric Arc Furnace (#EAF) 🟢 By 2040, Expanding electric arc furnace (#EAF) and Starting to operating #HyREX 🟢 By 2050, The remaining blast furnaces stepwise converted to #HyREX and #CCUS #POSCO #Steel #Greensteel #decarbonization

https://lnkd.in/gFYj98Mc 1. Hydrogen to play lead role in green steel, a pivotal role to be for climate change 2. Renewable energy usage and carbon capture to reduce pollution and its impacts globally 3. Scrap recollection and used for smelting, a move which well have been taken by Indian government with vehicle scrap policy It's require a complete technology shift and gradual development for carbon neutral steel Industry A report by Rocky Mountain Institute.

A growing chorus of voices and reems of evidence shows just how inadequate CCUS is as a climate solution for steel, and how dangerous it is when used as an excuse for continued fossil fuel use. We welcome these findings from Climate Action Tracker's report on "Decarbonising the iron and steel sector: China, India and the US”, which bluntly says: “Phasing down BF-BOF capacity globally is a necessary step toward a 1.5C compatible steel sector, given the insufficiency of CCUS for emission reductions.” “CCUS cannot be the excuse for continuing the construction of new coal-based capacity. Carbon capture on blast furnaces is not compatible with near-zero emission targets. CCUS facilities in the steel sector may be viable under specific conditions, such as in nations with little access to DRI-grade iron ore or scrap steel. But considering the residual emissions and technological uncertainties around CCUS, its implementation should not necessarily justify the development of new coal-based steelmaking capacity. Instead, countries should first consider electrified steelmaking using either green hydrogen based DRI or scrap steel.” You can read more here: https://ow.ly/itnH50Tcc1s #steel #climateaction #decarbonisation