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ORGANIZER;CN=ESTAD 2023:mailto:info@metec-estad.com
LOCATION:Room 1
SUMMARY:The emergence of green steel
DESCRIPTION:Steel is an invaluable material for many sectors. However, in the context of the climate crisis, the sector has come under increased scrutiny due to its reliance on carbon-intensive fossil fuels, primarily coal. Strong political pressure guided by a strict taxonomy as increasing carbon emission cost and requirements from the steel demand side have motivated major steel producers to develop a dedicated decarbonization roadmap, expressing the strategic way to net-zero. The steel sector’s actual sustainability achievements and the technology options for the transition including their technology readiness level (TRL) and respective timeline will be discussed.
However, the transition pathways are facing multiple roadblocks, which are different in the regions around the globe. One of the roadblocks is the availability and quality of raw materials like scrap and iron ore, another one the availability and cost of renewable energy and low-carbon hydrogen, the approach to carbon capture utilization and storage (CCUS) as well as the available regional taxonomy and political support. The steel growth rate (CAGR) until 2050 is modest, but the technology transition is huge. Might the major OEMs become a bottleneck?
Digitalization plays an enormous role in the transition and educated young engineers will become another limitation. 
Some regions have realized their advantages related to cheap energy and raw materials. The energy intense up-stream process steps might be relocated to such regions and green metallics might be traded to a much larger extent.
Despite of all these limitations the first green steel projects have been kicked-off and are under implementation. A status report will be provided.
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DTSTART:20230613T150000
DTEND:20230613T153000
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