Reports related to this article:
Project(s): View 2 related projects in PECWeb
Plant(s): View 1 related plant in PECWeb
Released May 27, 2020 | GALWAY, IRELAND
en
Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--The European Union (EU) has approved a 75 million euro ($82 million) loan for two ArcelorMittal (NYSE:MT) projects designed to reduce carbon emissions at its Ghent steelworks in Belgium.
The loan, approved by the European Investment Bank, will support the 'Steelanol' and 'Torero' projects which have a total investment value of 215 million euro ($235 million). The combined projects will see a reduction of up to 350,000 tonnes of CO2 emissions per year in the first phase--equivalent to the annual greenhouse gas emissions of a quarter of a million cars. Industrial Info is tracking both projects and a growing number of innovative projects taking place in Europe's steelmaking sector designed to introduce new forms of power, smelting and reduce emissions. ArcelorMittal Europe has committed to reduce CO2 emissions by 30% by 2030 and to be carbon neutral by 2050, in line with the EU's Green Deal and the Paris Agreement.
The Steelanol project is a 165 million euro ($181 million) industrial-scale demonstration plant that will capture waste gases from the blast furnace and biologically convert them into recycled-carbonethanol, the first commercial product of ArcelorMittal's Carbalyst family of recycled carbon chemicals. The ethanol produced can be blended for use as a liquid fuel. The company will use technology developed by LanzaTech and has partnered up with Primetals and E4tech. On completion, the plant will produce up to 80 million litres of recycled-carbon ethanol a year. Roughly 500 construction jobs will be created over the next two years and 20 to 30 new permanent direct jobs when the plant is completed in 2022.
The Torero project, which will cost 50 million euro ($55 million), is a large-scale demonstration plant that will convert waste wood into bio-coal, partially replacing the coal currently injected into the blast furnace. Initially, the plant will be able to convert up to 60,000 tonnes of waste wood into around 40,000 tonnes of bio-coal every year. This volume will be doubled in a second stage of the project, after the start of the first Torero reactor. The plant is being developed in partnership with Torr-Coal, Renewi, Joanneum Research Centre, Graz University and Chalmers Technical University and will be operational by the end of 2022.
"This EU-backed loan will enable us to demonstrate that European steelmaking plants can be competitive while reducing carbon emissions and help us attain our climate goals," explained Mariya Gabriel, European Commissioner for Innovation, Research, Culture, Education and Youth. "More than this, if we invest in European research, education and innovation we can demonstrate the global leadership that can secure and strengthen these industries and the people and communities they support for future generations."
Geert Van Poelvoorde, the chief executive officer of ArcelorMittal Europe Flat Products, said: "To date, we have committed more than 250 million euro ($274 million) to developing and testing technology that will help make steelmaking carbon neutral, leveraging our R&D facilities around the world. These two projects are our first large-scale implementations of new breakthrough solutions, as part of our commitment to reduce carbon emissions and transform steel production. With the EIB and European Commission's support, we can scale up technologies and transition steel to carbon neutrality, and thereby play a significant role in helping Europe achieve its green ambitions."
Jennifer Holmgren, chief executive officer of LanzaTech, added: "The European Commission and the EIB continue to play a key role in enabling a new carbon economy for Europe by supporting innovative projects. Chemicals and liquid fuels, especially in the aviation sector, still need a source of carbon, while power generation can and should be fully decarbonised. Carbon recycling gives us a choice as to where the carbon in our products comes from: fresh fossil or reused carbon emissions."
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Our European headquarters are located in Galway, Ireland. Follow IIR Europe on: Facebook - Twitter - LinkedIn For more information on our European coverage send inquiries to info@industrialinfo.eu or visit us online at Industrial Info Europe.
The loan, approved by the European Investment Bank, will support the 'Steelanol' and 'Torero' projects which have a total investment value of 215 million euro ($235 million). The combined projects will see a reduction of up to 350,000 tonnes of CO2 emissions per year in the first phase--equivalent to the annual greenhouse gas emissions of a quarter of a million cars. Industrial Info is tracking both projects and a growing number of innovative projects taking place in Europe's steelmaking sector designed to introduce new forms of power, smelting and reduce emissions. ArcelorMittal Europe has committed to reduce CO2 emissions by 30% by 2030 and to be carbon neutral by 2050, in line with the EU's Green Deal and the Paris Agreement.
The Steelanol project is a 165 million euro ($181 million) industrial-scale demonstration plant that will capture waste gases from the blast furnace and biologically convert them into recycled-carbonethanol, the first commercial product of ArcelorMittal's Carbalyst family of recycled carbon chemicals. The ethanol produced can be blended for use as a liquid fuel. The company will use technology developed by LanzaTech and has partnered up with Primetals and E4tech. On completion, the plant will produce up to 80 million litres of recycled-carbon ethanol a year. Roughly 500 construction jobs will be created over the next two years and 20 to 30 new permanent direct jobs when the plant is completed in 2022.
The Torero project, which will cost 50 million euro ($55 million), is a large-scale demonstration plant that will convert waste wood into bio-coal, partially replacing the coal currently injected into the blast furnace. Initially, the plant will be able to convert up to 60,000 tonnes of waste wood into around 40,000 tonnes of bio-coal every year. This volume will be doubled in a second stage of the project, after the start of the first Torero reactor. The plant is being developed in partnership with Torr-Coal, Renewi, Joanneum Research Centre, Graz University and Chalmers Technical University and will be operational by the end of 2022.
"This EU-backed loan will enable us to demonstrate that European steelmaking plants can be competitive while reducing carbon emissions and help us attain our climate goals," explained Mariya Gabriel, European Commissioner for Innovation, Research, Culture, Education and Youth. "More than this, if we invest in European research, education and innovation we can demonstrate the global leadership that can secure and strengthen these industries and the people and communities they support for future generations."
Geert Van Poelvoorde, the chief executive officer of ArcelorMittal Europe Flat Products, said: "To date, we have committed more than 250 million euro ($274 million) to developing and testing technology that will help make steelmaking carbon neutral, leveraging our R&D facilities around the world. These two projects are our first large-scale implementations of new breakthrough solutions, as part of our commitment to reduce carbon emissions and transform steel production. With the EIB and European Commission's support, we can scale up technologies and transition steel to carbon neutrality, and thereby play a significant role in helping Europe achieve its green ambitions."
Jennifer Holmgren, chief executive officer of LanzaTech, added: "The European Commission and the EIB continue to play a key role in enabling a new carbon economy for Europe by supporting innovative projects. Chemicals and liquid fuels, especially in the aviation sector, still need a source of carbon, while power generation can and should be fully decarbonised. Carbon recycling gives us a choice as to where the carbon in our products comes from: fresh fossil or reused carbon emissions."
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Our European headquarters are located in Galway, Ireland. Follow IIR Europe on: Facebook - Twitter - LinkedIn For more information on our European coverage send inquiries to info@industrialinfo.eu or visit us online at Industrial Info Europe.
