Parmelia Hilton Perth
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Reservation cut off date :16-10-2023
Western Australia moves towards green steel production
~ AuManufacturing, June 2023
Rio, world’s biggest steelmaker join forces on green iron plant in WA
~ AFR, June 2023
Global scrap supply to tight for future steelmaking
~ Steel News, Jul 2023
Nissan to use “green” metals from Kobe Steel in domestic cars
~ Nikkei Asia, Dec 2022
Japan’s top steelmaket eyes $700 million ‘green steel’ project
~ Japan Times, March 2023
An opportunity: Inside Tata Steel’s green transition, as EU pulls the plug on high-carbon imports
~ Economic Times, Apr 2023
Posco prioritizes HBI in Australia
~ Korea JoongAng Daily, Feb 2023
Steel has been a foundational pillar of the industrialized world, and global demand is projected to grow by 15% between 2021 and 2050. Yet, its significance comes with a major environmental cost, as it stands among the leading sources of carbon dioxide emissions. According to Wood Mackenzie, iron and steel production alone contribute approximately 7% of global emissions.
The urgent need to decarbonize this sector has captured the attention of various stakeholders, including steelmakers, industrial end users, financiers, and policymakers. Achieving a world where global warming is limited to 1.5°C above pre-industrial levels requires a substantial investment of US$1.4 trillion ($2.07 trillion) in the steel industry. Additionally, this endeavor may lead to a fivefold increase in global demand for high-grade iron ore by 2050.
Europe has emerged as a pioneer in the drive towards green steel production, making tangible progress by shifting from mere announcements and pilot projects to practical commitments and funding decisions. Encouragingly, other regions are now following suit, actively embracing the pursuit of sustainable steel production.
Several strategies hold promise in reducing CO₂ emissions and reducing the industry's dependence on fossil fuels. These include adopting more fuel-efficient processes, implementing carbon capture technology to mitigate emissions, and incorporating lower-carbon fuels like biomass or natural gas. Increasing the utilization of electric arc furnaces (EAF) offers another avenue for emission reduction and sustainable steel production. These furnaces efficiently recycle substantial amounts of scrap metal, thereby lessening the demand for primary iron ore reduction while utilizing greener electricity instead of coal.
Hydrogen offers the most promising prospect for complete decarbonization, as it can be both produced and utilized without generating CO₂ emissions. With the aim to slashing emissions from the polluting sector by 90%, hydrogen coupled EAF is expected to drive a considerable increase in demand for direct reduced iron ore, high-grade iron ore, or steel scraps. Hence the challenge of sourcing sufficient high-grade iron ore becomes apparent. Presently, most of it is produced in the Americas, Europe, and the Middle East, while good quality reserves can also be found in South Africa, India, Russia, and Brazil.
Endowed with abundant renewable resources and a significant exporter of iron ore, Australia is well placed to support this global pursuit. The present need is to strategically improve the lower quality ore produced, refining and processing it to suit hydrogen-powered electric arc furnaces. Western Australia has recently announced the Green Steel Opportunity report, charting pathways to leverage its iron ore to reduce emissions in steelmaking.
Embark on Asia Pacific's green iron and steel supply chain journey with CMT's Green Steel APAC conference on 15 - 16 Nov 2023 at the Parmelia Hilton Perth Hotel offers an insightful 1.5-day discussion for those interested in the sustainable future of the industry. Key sessions and highlights of the agenda include the following:
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This event is an excellent platform to promote your organization to influential players and investors in the industry. Sponsorship opportunities available include Corporate, Exclusive luncheon & Cocktail sponsor.
Exhibition / catalogue display can be arranged upon request.