JFE Metal Company, Itochu Company and Emirates Metal Arkan, the biggest metal firm within the United Arab Emirates (UAE), will conduct joint detailed feasibility research on the institution of a provide chain of ferrous uncooked materials for inexperienced ironmaking with low-carbon emission on the mission website in Abu Dhabi.
Emirates Metal will produce the ferrous materials by way of a drastically decarbonized course of. Worth-competitive pure fuel can be used for the direct discount of iron ore, however the CO2 emitted by this course of can be injected into UAE oil fields for enhanced oil restoration (EOR) beneath the follow of carbon seize, utilization and storage (CCUS).
An eventual swap from pure gas-power sources to solar-power sources is envisioned. Emirates Metal finally plans to realize net-zero CO2 emissions by adopting hydrogen discount if the method turns into a longtime world expertise.
Round 80% of the CO2 emissions from steelmaking by way of blast furnaces come from the iron ore discount course of within the furnaces. CO2 emissions might be lowered through the use of the ferrous materials because the iron supply slightly than utilizing coke to scale back the iron ore. JFE Metal plans to make use of the ferrous materials produced by way of this mission as a steelmaking uncooked materials and promote CO2 emissions discount.
Based mostly on a beforehand accomplished viability research, the detailed feasibility research will deal with constructing a provide chain. Itochu can be answerable for stably procuring high-grade iron ore and Emirates Metal can be answerable for the manufacturing of the ferrous materials.
Manufacturing of the ferrous materials is anticipated to start within the second half of FY2025 at a three way partnership to be established within the UAE. The availability of the ferrous materials to customers within the Asian market together with JFE Metal is to start thereafter.
