Clean steel an environmental and technoeconomic outlook of a disruptive technology
- 1 March 2024
- Capture
- Costs of CCUS
This study primarily presents a comparative analysis of steelmaking pathways to cost-effectively decarbonise a steel mill, taking a life-cycle perspective on associated environmental impacts. The roll-out of clean steel technologies is envisioned to have a significant implication for support infrastructure. Therefore, a secondary objective of the study is to gain insights into the primary energy and infrastructure implications associated with large-scale deployment of different steel decarbonisation pathways. Clean steel production will likely be more expensive than steel produced today; this poses additional economic strains on steel producers and consumers. Consequently, a third objective is to estimate the price premium that clean steel could command in existing and future markets. Further, this study formulates recommendations for key stakeholders to support the sector and outlines recommendations for further work.