The EU is targeting a reduction of net greenhouse gas emissions by at least 55% by 2030, from 1990 levels. Consequently, steel producers in Europe will lead the green steel transition with a signification number of companies deciding to implement ‘Carbon Direct Avoidance’. This means shutting down existing BF/BOF and investing in EAF and DRI steelmaking technology.
China
and India are expected to achieve net-zero by 2060 and 2070, respectively. India
can reduce its emission by utilising natural gas for DRI production rather than
coal. AME expects low carbon/green steel to comprise of up to 50% of global
steel production by 2050.
Nippon
Steel
Nippon Steel is aiming for a 30% reduction in
carbon emissions by 2030 (compared to 2013) and net zero by 2050. In the longer
term, it will achieve these targets by developing large EAFs combined with 100%
hydrogen-DRI and carbon capture blast furnace steelmaking.
To reach its 2030 target, the Japanese
steelmaker will utilise COURSE50 BF, which means partial replacing coking coal
with hydrogen injection along with practical implementation of carbon capture,
utilisation, and storage (CCUS). To reach its 2050 targets, the company will
utilise Super-COURSE50 BF and rely on breakthrough technologies, such as
high-grade steel production in large-size EAFs.