News » A Green Deal on Steel video series - episode 4
A Green Deal on Steel video series - episode 4
This is the fourth episode in EUROFER's Green Deal on Steel series: Smart Carbon Usage.
On average, for every tonne of steel made, up to 2 tonnes of CO2 is generated. This means there is a huge potential to make use of this emissions source.
Smart Carbon Usage is a pathway to create value from what is, at the moment, an unused product. This can be achieved by either reintegrating carbon monoxide or dioxide back into the production process, as in the HISARNA, IGAR, PEM or STEPWISE projects.
Or it can be through the use of carbon monoxide or dioxide as a raw material for the creation of other products, such as chemicals. This approach is being used in such projects as Steelanol, Carbon2Chem, FReSMe, Everest and Carbon2Value.
These projects are happening all over Europe. Some are at advanced states of technical readiness – others require further research – but each could deliver significant emissions savings.
Brussels, 16 March 2023 – A successful EU industrial policy requires a value chain-based approach, with steel as an integral part of the Net-Zero Industry Act. To ensure that the EU remains competitive in the greatest transformation of the industry towards climate-neutrality, it is essential to adopt disruptive thinking and innovative measures to create a more attractive green investment environment whilst securing the EU’s strategic autonomy. The European Steel Association (EUROFER) details its comprehensive vision in a new policy paper covering all industrial policy fields relevant for a green, decarbonised and prospering European manufacturing industry, including energy and climate, environment and circularity, investment, trade, internal market and skills.
New global reality requires disruptive thinking and innovative measures
Brussels, 14 March 2023 – The revision of the Electricity Market Design (EMD) risks becoming another missed opportunity to secure cost-competitive fossil-free electricity and to introduce solutions providing swift relief to energy-intensive sectors exposed to global competition. It remains unclear how industrial energy consumers will be able to access the large quantities of renewable and low-carbon electricity needed for their decarbonisation in the coming years, says the European Steel Association following the publication of the European Commission’s reform proposal on the EMD.