Evaluation of Techno-Economic Viability of Carbon Capture Utilization and Storage (CCU&S) with Carbon Credits for Steel Plants

Authors

  • Arunava Maity
  • Saptarshi Bhattacharya
  • Souptik Bose
  • Saikat Chatterjee
  • Atanu Mukherjee

Abstract

The iron and steel industry is one of the largest emitters of industrial carbon dioxide (CO2) worldwide, accounting for about 6% of the total anthropogenic CO2 emissions every year. According to projections, it was estimated that world steel demand will grow by 1.1% per annum and will reach 1.87 billion tons by 2035. Including the carbon intensive Blast Furnace-Basic Oxygen Furnace (BF-BOF) route of production, the average CO2 emission for the steel industry is 2.1 tons of CO2 per ton of crude steel produced. Thus, the steel industry is set to produce around 3.9 billion tons of CO2 by 2035. Brazil, China, EU-27, India, Japan, Korea, Russia, Ukraine, and the USA account for more than 90% of the total CO2 emissions from steel industry.

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