SEATTLE (Scrap Monster): The leading integrated steelmaker ArcelorMittal announced that it has entered into a new partnership to carry out extensive research on developing an industrial scale solution for capturing carbon from steelmaking using blast furnace. The research is expected to bring major transformation to the way steel is produced.
The company’s partnership with Dastur Energy, MN Dastur & Co and ION Clean Energy will work on developing a carbon capture mechanism from blast furnace steelmaking operations, capable of capturing 50%-70% of the carbon dioxide emissions from blast furnace gas. The research will be conducted from ArcelorMittal Burns Harbor steelmaking plant in Indiana.
The company press release said that the project is likely to receive funding from the U.S. Department of Energy (DOE), as part of the $72 million federal funding announced earlier to support carbon capture technologies.
ALSO READ: ArcelorMIttal to Add Electric Arc Furnace at Alabama Steel Sheet Mill
Atanu Mukherjee, chief executive of MN Dastur & Co. stated that the process will make use of an innovative low-cost carbon fuel conversion and carbon capture scheme. Apart from the U.S. the project is likely to have significant influence on Indian steel making industry, which continues to be dominated by blast furnace operations.
Copper Scrap View All | |
Alternator | 0.31 (0) |
#1 Copper Bare Bright | 3.69 (0.04) |
Aluminum Scrap View All | |
356 Aluminum Wheels (Clean) | 0.71 (0) |
6061 Extrusions | 0.62 (0) |
Steel Scrap View All | |
#1 Bundle | 475.00 (0) |
#1 Busheling | 495.00 (0) |
Electronics Scrap View All |