The third section describes the divergent approaches each of the three companies is pursuing within the industry-level premise that the steel industry is going hydrogen in the future. [...] While the civil work for the EAF shop has already started and the necessary design and logistics behind the transition are complete, the required electricity to fully support the EAF facility will not be available until 2030. [...] Scrap-based EAFs are proven to have lower emissions than DRI-based, and the only downside to them is the availability of the scrap in the region. [...] The extremely high price of CCUS is one of the reasons behind the reluctance to use this technology in the near-term. [...] Looking at the funding received from the Ontario Center of Excellence (OCE) and the target GHG program, Stelco's decarbonization activities seem to be a moderate bet, as funding is secure and the scale of the project is small.
- Pages
- 21
- Published in
- Canada
