John Bleasby's latest Inside Innovation column says Canada has what it takes to produce ‘green steel.’ Will it?
The good news is that the global industry is responding. One development frequently mentioned is “green steel.”
One method is to replace blast furnaces with electric arc furnaces . Industry emissions would be reduced significantlyBoston Consulting Group, down to 45 per cent when natural gas is used as a power source to fuel and 92 per cent if natural gas is replaced by green hydrogen. There is a long way to go. Currently only six per cent of global steel production uses EAFs.SHUTTERSTOCK — Electric Arc Furnaces are a key factor to reducing steel making’s carbon footprint.
Canada has set similar overall objectives but is relying heavily on the domestic steel industry itself to achieve those targets.outlining potential partnerships and collaborations, and calling for a switch to hydrogen-based fuel sources and carbon capture techniques. Given the amount of money required to switch processing methods, it may not be surprising that only one Canadian steel mill has announced firm plans to switch to EAF technology, and only then as a result of joint federal and provincial assistance totalling $900 million.
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