Beursonline.nl

voda 4 april 2023 14:42

0

Study Unveils Potential of Wave Energy for Decarbonizing Steel

New research conducted by CorPower Ocean, Instituto Superior Técnico de Lisboa, and a global green steel manufacturer has suggested that wave energy could play a significant role in decarbonizing the steel manufacturing industry. The study, which assessed wave energy's potential for decarbonizing the steel industry, highlighted how wave energy could positively impact the creation of green hydrogen to make green steel.

Green steel is created using green hydrogen, which is currently the only solution to decarbonize hard-to-abate sectors such as steel, cement, and the chemical industry. However, its production requires electrolyzer to split water into oxygen and hydrogen using renewable energy. The study focused on the running requirements of a 1GW electrolyzer at a potential European green steel production facility for 90% of the year.

The study concluded that combining complementary renewable energy sources such as land-based wind and solar with ocean-based wave power led to a more stable and consistent power source to create green hydrogen. This meant significant reductions could be achieved in installed capacity required and cost of energy. When only using solar and wind energy, the need to cover 90% demand resulted in an energy system of 8.4GW. By comparison, when adding 1GW of wave energy into the mix, the installed capacity required was reduced by 46% to 4.5GW.

The findings show that introducing wave energy can help to half the requirement of installed capacity production and lower the cost of energy by 26%. In Europe alone, the annual steel energy demand sits at 300TWh per year, and producing the necessary amounts of hydrogen for a full decarbonization of the steel industry would require an increase in electricity production of the order of 20%.

Mr. Anders Jansson, Head of Business Development at CorPower Ocean, said that “The report proves once again how important wave energy is for future energy systems. Even though this was focused on a 1GW system, we see the same results from national and interconnected energy systems.’

voda 4 april 2023 14:42

0

HBIS & BHP to Trial CCSU at HBIS’s Steel plant in China

BHP, a leading global resources company, has entered into a new agreement with China's HBIS Group to launch a pilot program to test carbon capture and utilization (CCU) technologies in steel production. The trial, which will be conducted at HBIS' steel operations in China, aims to reduce carbon emissions from steel production processes. HBIS is one of the world's largest steel producers and is also a major customer of BHP for iron ore.

Under the agreement, BHP and HBIS will test several technologies, including Vacuum Pressure Swing Adsorption (VPSA), slag mineralization, and biological conversion to protein. These technologies are expected to significantly reduce carbon emissions from steel production. BHP will also assist HBIS in developing and deploying absorptive desulfurization to allow the use of captured CO2 from the Direct Reduced Iron process in the food or industrial sectors.

The new agreement, which has an investment of up to $15 million over three years, represents a deepening of the partnership between BHP and HBIS and a shared eagerness to promote innovation in steelmaking technologies.

Mr. Mike Henry, BHP's Chief Executive Officer, believes that this collaborative initiative will pave the way for a low-carbon future for the steel industry.

HBIS Chairman Mr. Yu Yong expressed his commitment to leading, exploring, and implementing practices to facilitate the industry's shift towards reduced carbon emissions. He also emphasized that CCU technology is a groundbreaking approach that has become a crucial element in HBIS Group's strategy for low-carbon technology development.

The pilot program builds on the work streams outlined in the Memorandum of Understanding signed by BHP and HBIS in 2021, which included Enhanced Lump trials aimed at reducing the carbon dioxide emissions intensity of steel production.
The use of CCU technology in steel production has the potential to significantly reduce carbon emissions and help achieve the goal of a low-carbon future. BHP and HBIS are taking an important step towards achieving this goal through their collaboration in this pilot program.

voda 4 april 2023 14:42

0

MMK'S TURKISH PLANT LAUNCHES HOT ROLLING COMPLEX

MMK Metalurji, a subsidiary of MMK Group, has resumed operations at its hot rolling production complex in the province of Hatay in southeast Turkey. The plant had been forced to suspend operations for several months due to earthquakes and unfavourable economic conditions. The plant's specialists launched an electric steelmaking shop with a casting and rolling module at the Dörtyol production site on March 31 and produced the first 3,000 metric tons of hot-rolled coil.

The shop combines an electric arc furnace and a hot-rolling mill, and has a production capacity of more than 2 million metric tons per year. The plant's products will be used to rebuild the areas affected by the earthquakes, including in the province of Hatay, which escaped serious damage. As a priority, MMK metal products will be supplied to the local construction sector to create new housing and infrastructure, as well as to the local machine-building industry and to the production of equipment needed in the current conditions.

The resumption of the plant’s operations is proceeding according to a phased plan. In the first stage, the reversing mill and the continuous pickling unit were started up on February 20. At the same time, MMK Metalurji employees assessed the condition of the units, renovated individual parts and reinforced the structures of the plant's workshops.

According to MMK Metalurji Director Mr. Denis Kvasov, the company is actively involved in social issues while the plant prepares to go into full-scale production to support the country's efforts to overcome the consequences of the natural disaster. "We are currently providing safe housing in modular homes to several dozen of our employees and their families, whose homes were destroyed or critically damaged. The plant is providing all the necessary living amenities, including for employees' children. We strive not only to supply Turkish builders with our metal products, but also to contribute to people’s social well-being, save jobs and support employment," Denis Kvasov said.

voda 4 april 2023 14:43

0

Tata Tinplate Expansion Project Launched

Tata Steel Managing Director & CEO, Mr. TV Narendran, attended the groundbreaking ceremony of the expansion project of Tinplate Company of India Limited, a subsidiary of Tata Steel in Jamshedpur on 3 April 2023. Mr. Hemant Soren, Chief Minister of Jharkhand, graced the occasion as Chief Guest and performed the groundbreaking ceremony at the site. Having completed 100 years in 2020, TCIL has embarked on its next journey towards sustainability and growth.

Mr. Narendran said that more than ?2,245 crore is being invested in TCIL in the first phase, which will be followed by more in the second and later phases.

Currently, its capacity stands at 415,000 metric tons per annum.
The first phase of the expansion project, which involves an investment of around ?2000 crores, will ensure an additional capacity of 300,000 metric tons per annum, leading to a total capacity of 715,000 metric tons per annum by the year 2026. The upcoming facilities will have state-of-the-art technology and higher levels of automation to cater to domestic and export markets, minimize man-machine interface, enhance safety aspects, and designed to meet the EU environmental norms.

TCIL began its manufacturing journey with Hot Dipped Tinplate in 1922, followed by the manufacturing of Electrolytic Tinplate in 1979 and Cold Rolling Mill operations in 1996. In 2012, TCIL’s capacity was enhanced to 380,000 metric tons per annum for producing Tinplate Material & Tin Free Steel, along with lacquered and printed sheets.

voda 4 april 2023 14:43

0

Ruukki Construction to Acquire Designtak

Ruukki Construction, a subsidiary of SSAB, has announced the acquisition of a majority stake in Designtak, a Swedish manufacturer of door canopies. The move will see Designtak integrated into Ruukki’s Plannja Landsbro unit, which specializes in sheet metal products for single-family houses and new housing construction. The acquisition is expected to enhance the company’s growth and customer service capabilities in Scandinavia, by enabling the offering of complete roofs to customers in the Nordic home market.

Designtak, which was established in 2009 and employs around 20 people in southern Sweden, designs and manufactures prefabricated door canopies. The company had sales of approximately $4 million in 2022 and will continue to operate under its own brand with existing management and staff.

Mr. Torbjörn Henrysson, Business Director for Plannja Landsbro, expressed his excitement about the acquisition, saying “We are pleased to welcome our new colleagues at Designtak to the Plannja and Ruukki family. This acquisition will help us to serve our customers even better by expanding our offering. Designtak’s professional staff, high-quality products and deep product expertise are a perfect fit. Together, we will be stronger and ready to take the next step in strengthening our offering to customers.”

Plannja Landsbro is a supplier of sheet metal products for single-family houses and new housing construction, offering complete roofing solutions including roof profiles, rainwater systems, roof safety products, flashings, and ventilation systems. Plannja is a brand within Ruukki Construction, which supplies steel-based building products for roofs and walls for sustainable buildings.

voda 4 april 2023 14:43

0

US Steel Settles 2018 Clairton Coke Works Pollution Case

US Steel has reached a tentative settlement agreement with PennEnvironment and the Clean Air Council, two environmental groups that filed a lawsuit against the company in response to the December 2018 Clairton Coke Works fire. The fire resulted in the release of harmful pollutants, including sulfur dioxide, into the surrounding air and caused health concerns for local residents.

Under the terms of the agreement, US Steel will pay $2.7 million in penalties and make significant upgrades to the Clairton Coke Works facility to reduce emissions and improve air quality. The upgrades include the installation of new pollution control technology and the implementation of stricter operating procedures.

The settlement is still pending final approval by the Allegheny County Health Department and the Pennsylvania Department of Environmental Protection. The agreement also includes a provision for continued monitoring of air quality and emissions at the Clairton Coke Works facility.
In a joint statement, PennEnvironment and the Clean Air Council expressed cautious optimism about the settlement. "This tentative agreement represents a significant step forward in our efforts to protect the health and well-being of local residents and the environment," the groups said. "However, we will continue to closely monitor US Steel's compliance with the terms of the settlement and push for further action if necessary."

The Clairton Coke Works facility is one of the largest coke manufacturing plants in the United States and is located just south of Pittsburgh, Pennsylvania. The plant has a long history of environmental violations and has been the subject of numerous lawsuits and regulatory actions over the years. The lawsuit, filed in 2019, alleges that US Steel's Clairton Coke Works, the largest coke manufacturing facility in North America, has been emitting excessive pollution for years, causing harm to nearby residents and violating federal clean air standards. The company has denied the allegations

voda 4 april 2023 14:43

0

Benteler Steel/Tube Restructures Leadership as CEO Quits

Benteler Steel/Tube, a subsidiary of the Benteler Group, has undergone management restructuring following the departure of CEO Mr. Christian Wiethüchter. Mr. Wiethüchter has decided to step down from his position due to personal reasons after a successful six-year stint at the company. During his tenure, Wiethüchter played a significant role in the successful transformation of the Steel/Tube division.

The Benteler Steel/Tube management board will reallocate Mr. Wiethüchter’s responsibilities among the members of the management board, including the group's CFO Mr. Tobias Braun and COO Mr. Thomas Michels.

Effective 1 April, Mr. Ralph Mathis, the Vice President of Business Area Industry & Distribution, will take over as the Chief Sales Officer and become a member of the management board. Prior to joining Benteler, Mr. Mathis held several management positions at Kelvion Holding, most recently as Executive Vice President. Before that, he worked for the GEA Group, including in China.

The management restructuring is aimed at ensuring continuity and the smooth functioning of Benteler Steel/Tube’s operations following the departure of its CEO. The company is a leading global manufacturer of high-quality steel tubes and components for the automotive, energy and industrial sectors.

The Benteler Group is a diversified industrial company with operations in more than 40 countries. Its activities span the automotive, steel, and distribution sectors.

voda 4 april 2023 14:44

0

Alleima Bags Two Major Orders for OCTG Tubes

Alleima, a global manufacturer of high-value-added products in advanced stainless steels and special alloys, has received two major orders for corrosion-resistant alloy OCTG tubes (Oil Country Tubular Goods) for the oil and gas segment, worth approximately $85 million. The two orders, valued at $58 million and $27 million respectively, were booked in the first quarter of 2023 and are classified as major orders. The deliveries are scheduled for the second half of 2023 and first half of 2024, and will be reported in the Tube division.

The strategic partnership between Alleima and Tenaris has led to these orders. Since 2003, the partnership has been working together to add value to the oil and gas industry through joint research, product development, and the manufacture of specialized tubular solutions for demanding applications.

Alleima's Acting President of Tube division, Mr. Nigel Haworth, expressed his satisfaction with the two major orders, stating that Alleima's high-quality offerings place them well to continue leveraging their underinvested energy sector.

Alleima is a company with headquarter in Sandviken, Sweden, and revenues of $1.8 billion in 2022. The company has approximately 5,900 employees and customers in approximately 90 countries. The company's fully integrated value chain, from R&D to end-product, ensures industry-leading technology, quality, sustainability, and circularity. The company's products include seamless steel tubes for the energy, chemical, and aerospace industries, precision strip steel for white goods compressors, air conditioners, and knife applications, ultra-fine wires for medical and micro-electronic devices, industrial electric heating technology, and coated strip steel for fuel cell technology for cars, trucks, and hydrogen production. Alleima was listed on Nasdaq Stockholm on August 31, 2022, under the ticker "ALLEI."

voda 4 april 2023 14:44

0

Stainless Steel Production in the country

India's total finished stainless steel consumption quantity for the period of April-February 2022-23 was 3.179 million metrictons, according to data from the Joint Plant Committee, an increase from 3.044 million metric tons consumed during the same period in 2021-22. Meanwhile, the country's total finished stainless steel production quantity for April-February 2022-23 was 2.499 million metric tons, a decrease from the 2.811 million metric tons produced in the same period last year, as per the JPC's provisional report.

The information was provided by the Union Minister of State for Steel & Rural Development, Mr. Faggan Singh Kulaste, in a written reply to the Rajya Sabha, India's upper house of Parliament, on April 3, 2023.

voda 4 april 2023 14:45

0

CFHI Orders 1600mm Dai Bloom Caster from Danieli

China First Heavy Industries has chosen a new, technologically advanced Danieli semi-continuous vertical caster to be installed in the Fulaerji manufacturing base in Qiqiha’er city, Heilongjiang, China. The caster will be used to produce 1350mm and 1600mm dia rounds for special steel grades, for forging applications. The process will make use of water-cooled copper moulds, hydraulic oscillating tables, Danieli Rotelec Electro-Magnetic Stirrers (EMS) and induction heating systems.

The new Danieli casting technology and equipment will enable CFHI to produce jumbo blooms with a high-quality internal structure, high internal soundness, and excellent surface quality at higher productivity and safety compared to the conventional ingot casting route, with its dirty, wide working areas and dangerous operating procedures. The process does not require in-line oxy-cutting, with blooms standing in a vertical position until complete solidification. Blooms can have variable lengths up to 12.5m, with weights ranging from 100 to 180 metric tons, depending on the steel tapped in the ladle.

The use of the movable dynamic EMS system along the bloom length during solidification, which is not possible with conventional ingot routes due to the use of cast-iron molds, and induction heating on the bloom tail at the casting end, will reduce the shrinkage cavity, optimizing bloom yield.

CFHI is a state-owned, Chinese high-tech enterprise with full-coverage manufacturing capacity for nuclear power equipment and the largest supplier of hydrogenation reacto?for oil refining globally. CFHI produces the high-quality steel required by many demanding applications. The plant is scheduled to start production by the end of 2023.

In 2022, Danieli successfully commissioned two continuous-casting machines in China, at Jiangsu Yonggang and Chengde Jianlong Special Steel, for continuously cast blooms up to 1200mm dia.

voda 4 april 2023 14:45

0

MIDREX Appoints COO Mr. KC Woody as next President & CEO

Midrex Technologies has recently announced that its President & Chief Executive Officer Mr. Stephen Montague will retire in April 2024. Meanwhile, Mr. KC Woody, the current Chief Operating Officer, will take over as President immediately while still maintaining his current role. Montague will remain as CEO until his retirement and then continue to serve on the Board of Directors.

Mr. Montague stated that he wanted to spend more time with his family and in ministry, something that was very difficult in his current position. Montague observed that working with Woody for the past 13 years made the decision a lot easier. Meanwhile, Woody expressed his gratitude for the trust placed in him by Kobe Steel and his fellow teammates at Midrex.

Mr. Woody, a graduate of the US Military Academy at West Point, has been with Midrex since 2010 and has served in various commercial roles. He was the first Managing Director of Midrex India Private Limited and Vice President-Commercial of Midrex Technologies. He was named Chief Operating Officer in 2020 and has been leading all the commercial and operations activities for the company.

Midrex is the world leader in direct reduction ironmaking technology and aftermarket solutions for the steel industry. The MIDREX Process, developed by Midrex, has designed, built, and serviced direct reduced iron plants for more than 50 years. Midrex Plants produce around 60% of the world’s DRI and 80% of DRI from shaft furnace processes. Midrex's technology is highly flexible in reductant sources, iron oxide feed, and product discharge options. The plants can be configured to operate on natural gas, natural gas with hydrogen addition, and 100% hydrogen.

Midrex's headquarters and research and technology development center are located in Charlotte, NC, USA, with offices in the United Kingdom, China, India, and UAE (Dubai).

voda 4 april 2023 14:45

0

Triple-S Steel Acquires Marco Steel & Aluminum

Triple-S Steel Holdings, a leading distributor and processor of structural steel products in the US, has acquired the assets of Marco Steel & Aluminum, a steel and aluminum service center with locations in Midland, Lubbock, and Albuquerque. The deal was made through Triple-S Steel's affiliates, Arbor Metals Inc. and Tube Supply LP. Commenting on the acquisition, Triple-S Steel's CEO, Mr. Scott Eckert, said, "We are excited to welcome Marco Steel and Aluminum to the Triple-S Steel family. Their assets and capabilities align well with our business and will further strengthen our ability to provide high-quality steel products and services to our customers."

Under the agreement, Tube Supply LP will own and operate the assets of Marco Steel and Aluminum in Midland, Texas. Tube Supply LP is a provider of tube and bar material for oil and gas applications. On the other hand, Arbor Metals, a division of Triple-S Steel, will own and operate the assets in Lubbock and Albuquerque.

This acquisition is expected to enhance Triple-S Steel's footprint in the southwestern United States and strengthen its position as a leading provider of steel products and services in the region. With the addition of Marco Steel and Aluminum's assets, Triple-S Steel will be able to better serve its customers in the oil and gas industry, which is a significant market for steel products.

The acquisition also brings new capabilities to Triple-S Steel, allowing it to offer a broader range of steel and aluminum products and services to its customers. Marco Steel and Aluminum has a reputation for providing quality products and services, which is a perfect fit for Triple-S Steel's commitment to quality and customer satisfaction.

voda 4 april 2023 14:46

0

Mr. Christopher M. Zimmer Named EVP & COO of Universal Stainless & Alloy Products

Universal Stainless & Alloy Products has announced the appointment of Mr. Christopher M. Zimmer to the new position of Executive Vice President and Chief Operating Officer. The move comes into effect immediately. In his new role, Mr. Zimmer will be responsible for the manufacturing, technology, and quality organizations, in addition to his current responsibilities for sales, marketing, and supply chain management and development. Mr. Zimmer will continue to report directly to Mr. Dennis M. Oates, Universal’s Chairman, President and Chief Executive Officer.

Mr. Zimmer has worked for Universal for 15 years, most recently as the Executive Vice President and Chief Commercial Officer. Prior to this, he held roles with Schmolz+Bickenbach USA.

Mr. Oates said that Mr. Zimmer had an impressive record of achievement at Universal, having played a leading role in the company's establishment in the aerospace and energy markets, new premium melted products commercialization, and manufacturing execution systems. He also said that Mr. Zimmer had built deep relationships with the company's customers based on a reputation for responsiveness.

Mr. Zimmer, for his part, expressed his excitement and honor at taking on the role, adding that he looked forward to partnering with Oates and the talented senior management team to expedite the execution of the company's long-term growth strategy.

Universal Stainless & Alloy Products, established in 1994 and headquartered in Bridgeville PA, manufactures and markets semi-finished and finished specialty steels, including stainless steel, nickel alloys, tool steel, and certain other alloyed steels. The company's products are used in a variety of industries, including aerospace, power generation, oil and gas, and heavy equipment manufacturing.

voda 4 april 2023 14:46

0

EU Adopts Anti-Coercion Proposal for Member States

European Council has adopted anti-coercion instrument proposal against blackmail from third countries to ensure that EU member states can effectively respond to economic and commercial coercion by third countries, which can harm the EU's economic interests and undermine its strategic autonomy. The anticoercion instrument will apply to a wide range of economic sectors and activities, including trade in goods and services, foreign direct investment, and public procurement. The instrument will also cover a broad range of coercive practices, such as restrictions on exports, imports, investments, or access to technology.

Under the new legislation, the EU can impose measures in response to economic and commercial coercion by a third country, based on a proportionality assessment. The measures must be designed to effectively counter the coercion and minimize the impact on legitimate economic interests.

The European Commission will be responsible for the implementation of the instrument, with the support of member states and other relevant EU institutions. The instrument will also include a monitoring and evaluation mechanism to ensure that it is effective and that its impact is proportionate.

The provisional political agreement reached between the European Council and the European Parliament must still be formally adopted by both institutions. The anticoercion instrument is expected to become operational in 2024.

voda 4 april 2023 14:46

0

Hoa Phat Steel Expands to New Markets with Export Orders

Hoa Phat Steel Sheet Company, a leading steel manufacturer in Vietnam, has recently received orders to provide its products to new markets. The company's current key export markets include countries and territories in Europe, Asia, and America. Hoa Phat's products meet strict requirements from foreign partners and are highly valued for their quality, especially its galvanized and cold-coated steel sheets.

The Hoa Phat Steel Sheet Factory is invested in synchronously and modernly, from rust removal to color painting and other auxiliary equipment. The entire equipment line is imported from G7 countries, ensuring the highest quality of its products. With diverse and high-quality product lines, such as color-coated cold steel sheet, premium steel sheet, galvanized steel sheet, panel steel sheet, and anti-finger coated white cold sheet, Hoa Phat Steel Sheet Company has affirmed its position in the market and satisfied the needs of both domestic and international customers.

Furthermore, Hoa Phat Steel Sheet Company is the first and only corrugated iron manufacturing enterprise in Vietnam that is self-sufficient in raw materials of hot rolled coil from Hoa Phat Dung Quat Integrated Complex. This great advantage enables the company to control the quality of its products from input to output, ensuring stable product quality at competitive prices.

With 100% Made-in-Vietnam product origin, Hoa Phat Steel Sheet Company easily increases export volume to major markets, especially countries with strict requirements on origin. By exploiting export markets, Hoa Phat can diversify its consumption markets and contribute to increasing foreign currency revenue for Vietnam and Hoa Phat Group.

voda 4 april 2023 14:47

0

Jinhui Stainless Acquires 10% Stake in Henan Steel

Henan Province based Jinhui Stainless Steel Industry Group has acquired a 10% stake in Henan Steel Group, a Chinese steelmaker based in Henan Province. The investment, worth $0.29 billion, was announced by the Bureau of Science, Technology & Industry of Changge city. Henan Steel was registered on March 1, 2023, with a registered capital of $2.9 billion. Jinhui Stainless Steel's investment in Henan Steel is expected to strengthen the company's position in the steel market.

Henan Iron & Steel Group is a major Chinese steelmaker with a diverse range of business activities. The company engages in the production and sale of a variety of steel products including hot-rolled steel, cold-rolled steel, galvanized steel, color-coated steel, and high-strength steel. It also produces and sells steel pipes, wire rods, and other steel products. In addition, Henan Steel Group is involved in research and development, engineering design, and equipment manufacturing related to the steel industry. The company operates several subsidiaries and has a strong presence in the Chinese steel market.

Jinhui Stainless Steel Industry Group is a Chinese stainless steel producer headquartered in Henan Province. The company was founded in 2004 and specializes in the production and distribution of stainless steel products, including hot-rolled and cold-rolled stainless steel coils, sheets, and plates. Jinhui Stainless Steel has an annual production capacity of over 600,000 metric tons of stainless steel products and exports its products to over 20 countries and regions worldwide.

voda 4 april 2023 14:47

0

US Steel Production Capacity Utilization Slips to74% in Week 13

According to the American Iron and Steel Institute, the domestic raw steel production in the United States saw a 3.7% decrease for the week ending April 1, 2023, compared to the same period in the previous year. In the week under review, the production was 1.658 million short tons, while the capability utilization rate stood at 74.2%. This is lower than the production of 1.721 million short tons in the week ending April 1, 2022, when the capability utilization rate was 79.1%. Furthermore, production for the week ending April 1, 2023, also fell 1.3% from the previous week, ending March 25, 2023.

The data is broken down by districts, with the North East producing 139,000 short tons, Great Lakes producing 562,000 short tons, Midwest producing 222,000 short tons, Southern producing 671,000 short tons, and Western producing 64,000 short tons, totaling 1,658,000 short tons.

The adjusted year-to-date production through April 1, 2023, was 21.608 million short tons, at a capability utilization rate of 74.3%. This marks a 4.1% decrease from the 22.53 million short tons during the same period last year, when the capability utilization rate was 79.7%.

voda 4 april 2023 14:47

0

Harsco’s SteelPhalt Earns Research Grant from IETF Fund in UK

Harsco Environmental, a global leader in steel mill services and products, has announced that its ecoproducts™ business, SteelPhalt, has been awarded a research grant by the Industrial Energy Transformation Fund (IETF) in the UK. The grant aims to support energy-intensive industries in reducing their carbon emissions and energy costs. The funding will help SteelPhalt conduct a feasibility study on energy-efficient solutions for asphalt production. This process is energy-intensive and involves various fuel sources, including natural gas, electricity and oil. The research will focus on capturing waste heat in the exhaust gases and converting it into electrical power, with the goal of reducing energy demand and carbon emissions.

Director of ecoproducts™ Europe, Mr. Martin Gray, emphasized the company's commitment to driving sustainability in the industry through beneficial reuse and innovative technological solutions. He stated that the grant will complement the company's ongoing sustainability efforts, enabling them to identify solutions to reduce energy requirements and carbon impact.

SteelPhalt's Chief Operating Officer, Mr. Russ Mitchell, added that the project's success in identifying realistic solutions would set the company apart from its competitors and drive innovation across the industry.

The grant awarded to SteelPhalt reflects the UK government's commitment to support the transition towards a low-carbon economy. By providing funding for innovative research projects, the government aims to encourage the development of sustainable solutions in energy-intensive industries. SteelPhalt's feasibility study on energy-efficient solutions for asphalt production is an example of the government's efforts to promote sustainable practices and reduce carbon emissions.

SteelPhalt’s commitment to sustainability has been integral to its engineering of more sustainable asphalt solutions. The company uses steel slag, a by-product of the steelmaking process, as a main component of its asphalt products. This beneficial reuse opportunity prevents the waste product from entering landfills and reduces the need to mine new aggregate for asphalt. SteelPhalt has also innovated to further reduce the carbon footprint of asphalt production by using sustainable alternatives to bitumen, a carbon-intensive binder traditionally used in asphalt production.

SteelPhalt, a subsidiary of Harsco Environmental, has been developing and manufacturing high-performance asphalt products for roadmaking in the UK since the 1960s. The company is based in Rotherham, South Yorkshire, and benefits from its location in the heart of the steel industry, allowing it to source slag cost-effectively and sustainably for use in asphalt production.

voda 4 april 2023 14:48

0

ArcelorMittal Poland to Modernize Coke Oven Plant

ArcelorMittal Poland is investing $38.5 million in the modernization of its Zdzieszowice coke plant to reduce nitrogen oxide emissions. The upgrade includes installing three flue gas denitrification installations. The coke oven gas at the plant also powers a cogeneration plant, which supplies heat to approximately 7,000 residents in a nearby town.

ArcelorMittal Poland CEO Mr. Frederik Van De Velde noted that the company is working on new technologies to decarbonise its processes, but it will continue to use coke in its operations until it transitions to low-carbon steel production.

In 2021, ArcelorMittal Europe announced plans to convert ArcelorMittal Poland’s flagship Dabrowa Gornicza works from a blast furnace-based operation to a direct reduction-electric arc furnace route.

Apart from upgrading the cogeneration plant, ArcelorMittal Poland is also beginning the reconstruction of the coke-oven gas equalization tank to stabilize the fuel gas pressure in the coking plant. The new tank will replace the existing twin facility, which requires renovation.

In December 2022, ArcelorMittal Poland contracted a consortium to maintain its slag granulation units and coke plant boiler and gas tank. Repair work on the K3-ECII boiler at Zdzieszowice is scheduled for completion by January 2025, while gas tank no 3 at the coke plant is slated for repair by December 2025.

Bijlage:

voda 4 april 2023 14:49

0

UK Steel Welcomes Government CBAM Consultations

UK Steel, the trade association representing the steel industry in the UK, has welcomed the launch of consultations by the UK government on a Carbon Border Adjustment Mechanism (CBAM) and other measures to mitigate the risk of carbon leakage. The consultation, open to all interested parties in the UK and internationally, will take place from 30 March to 22 June.

UK Steel has called for a level playing field where imported and domestically produced steel face similar carbon costs, and a CBAM can deliver just that. The association has warned that without similar measures, UK steel producers will be outcompeted by high-emission, imported steel, putting the UK's transition to green steel production at risk. Europe is currently implementing its own CBAM, and the UK risks a damaging trade barrier with its biggest trade partner if it does not develop and implement similar measures quickly.

CBAM (Carbon Border Adjustment Mechanism) is a proposed policy measure that would impose a carbon tax on imported goods based on their carbon footprint. The goal of CBAM is to ensure that domestic industries are not at a competitive disadvantage compared to foreign competitors who may not be subject to the same emissions regulations.

The UK has indicated its intention to introduce a CBAM policy, as part of its efforts to reach its target of net-zero carbon emissions by 2050. The specifics of the policy have not been finalized, but it is expected to be introduced in phases, starting with a pilot phase in 2023. The UK's CBAM policy is likely to be similar to the one proposed by the European Union, which would require importers to purchase carbon credits in order to offset the emissions associated with the production of imported goods.

Vertraagd	21 feb 2025 17:35
Koers	27,050
Verschil	+0,230 (+0,86%)
Hoog	27,270
Laag	26,840
Volume	1.778.340
Volume gemiddeld	2.637.315
Volume gisteren	2.493.470

11 feb	Von der Leyen verwerpt Amerikaanse im...	2
10 feb	Trump dreigt met importheffingen op s...
09 feb	ArcelorMittal en Aperam weekwinnaars
07 feb	Deutsche Bank verhoogt koersdoel Arce...
06 feb	Beursblik: ArcelorMittal overtreft ve...
06 feb	AEX opent waarschijnlijk hoger. Let o...	2
06 feb	ArcelorMittal ziet verlies afnemen	1
05 feb	Beursblik: beter vierde kwartaal bij ...
03 feb	Deze 5 aandelen kunnen deze week voor...
03 feb	Video: optimisme beursexperts volledi...	1

Arcelor Mittal « Terug naar discussie overzicht

Nieuws en info hier plaatsen (deel 4)

Meedoen aan de discussie?

Direct naar Forum

Detail

ArcelorMittal nieuws meer