The largest metallurgical companyArcelorMittal has announced plans to build the world's first green steel plant that will be powered entirely by renewable energy.
Every year metallurgical enterprises produce1.8 billion tons of steel, while emitting twice as much carbon dioxide into the atmosphere. Researchers estimate that the industry accounts for up to 8% of all anthropogenic CO2 emissions. Therefore, ArcelorMittal, which currently produces about 5% of the world's steel, entered into an agreement with the governmentSpain agreement on the joint construction of the first non-polluting metallurgical plant.
The initial capacity of the project is 1.6million tons of steel per year. To recover iron, a 2.3 million ton direct reduction hydrogen unit will be used instead of coke and a blast furnace, and for the second phase the company will build a 1.1 million ton hybrid electric arc furnace, which will run on renewable electricity.
A significant portion of the funds will come from the state fund in the amount of €500 million (almost $590 million).
In addition to Spain, Sweden also plans to build"green" enterprise metallurgy for $3 billion. The Scandinavian plant H2 Green Steel should be launched in 2024, and reach a design capacity of 5 million tons of steel by 2030.
However, in total, the enterprises will be able to produce only 0.4% of the current average annual volume of steel.
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