The Role of Low Emissions Dispatchable Power in the Lowest Cost Net Zero System
- 20 September 2024
- Costs of CCUS
This study explores the interdependencies of different power generation technologies in a highly decarbonised future.
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Lawrence Hooey , Axel Bodén , Mikael Larsson , Mike Knights, Jeremy Johns , Vic Abraham , Andrew Tobiesen , Karl Anders Hoff , Geir Haugen, Steve Goldthorpe
Citation: IEAGHG, "Iron and Steel CCS Study (Techno-Economics Integrated Steel Mill)", 2013-04, July 2013.
The global steel industry has made significant investment in reducing CO2 emissions mostly by raising their energy efficiency. However, to achieve a reduction of the direct CO2 emissions per tonne of steel produced from BF-BOF route by greater than 50%, CO2 capture and storage is required. Development of breakthrough technology such as oxy-blast furnace (OBF) is currently on-going within the steel industry but will require large scale demonstration to validate engineering design and optimisation of the process. This study presented one of the several options that could be employed for a steel mill with OBF and CO2 Capture. Deployment of post-combustion capture technology, capturing CO2 from various sources of flue gases within the integrated steel mill is technically possible and could be readily retrofitted to an existing steel mill. However, this study has demonstrated that this option could have significant costs implications on steel production which could affect the commercial viability of the steel plants fitted with CCS. The steel industry is a globally competitive industry and hence they will be reluctant to introduce cost disadvantages like adding CCS without some global agreement on emissions reduction.
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