More high grade iron ore needed to accelerate steel decarbonisation | IEEFA
"27 June 2022 (IEEFA): Decarbonising the steel industry will require an increase in high grade iron ore production and improved beneficiation techniques, finds a new report from the Institute for Energy Economics and Financial Analysis (IEEFA).To reach net zero emissions by 2050, steelmakers must switch production methods from blast furnaces that consume coal to green hydrogen-based direct reduced iron (DRI) processes.To reach net zero emissions by 2050, steelmakers must switch production methodsHowever,
DRI technology requires a higher grade of iron ore than blast furnaces – typically at least 67%. This would mean 889Mt of steel production from DRI-electric arc furnace (EAF) by 2050, requiring a tenfold rise in DR-grade iron ore supply unless technology innovations allow DRI processes to use lower-grade ore,” says Basirat."
An oldie but a goodie.
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