In primary steel making industry, each ton of steel production from iron ore consumes average 770 kg of coal. By comparison, About 150 kg of coal are required to produce 1 tonne of steel in Electric Arc Furnaces (Data according to World Coal Association) Energy cost in primary steel making, as well as iron ore market price hike in recent years, cut deep into business profit bottomline of many steel companies. For example, Chinese steel industry, while total asset as in 2009 information shown 4.2 trillion Yuan (700 billion US dollars), the return on asset, in 2013 first half year, slump to merely 0.13%, according to ChaiJing. For every ton steel made, Chinese steel industry only managed 7 US cents of profit, according to XingHua. The environmental impact of steel industry is significant to the health of whole nation. To bring the gap of energy consumption close the EAF level, you can see the bottomline increase is not just 100 time of profit increase, the demand decrease will not just suppress the demand for coal but also reduce emission.
BETE is the catalyst in steel production innovation. Heat recycle will be the focal point to reduce energy consumption in this old and "matured" business.
This project, is an effort not just to find solution to close the gap of primary steel making energy consumption to match EAF level, we would also, if funding permits, to work on following area of interest relate to carbon cycle of energy storage and pollution reduction.
- Small and efficient mobility of mining site refinery process so that integrated mining operation will replace none value added business to increase product value adding in mineral origin countries, which will keep quite a lot by product waste in the mining area, which also help reducing transportation energy waste.
- Locally capturing of gaseous emission in the refinery process using medium cycle to reduce energy waste
- Integrated energy system with carbon dioxide recovered by business or individual energy users to create Hydrogen and Hydrocarbon as fuel and store energy
- Potential space environment refinery solution which allow asteroid capture and exploration venture being investigated
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