396. Green Steel Production in Europe – Perspectives and Challenges
Invited abstract in session MB-1: Thomas Spengler, stream Keynotes.
Monday, 10:30-12:00Room: Great Hall
Authors (first author is the speaker)
| 1. | Thomas Spengler
|
| Institute of Automotive Management and Industrial Production, Technische Universität Braunschweig |
Abstract
Due to climate change, decarbonizing industrial processes is highly important. Regulatory instruments have been introduced to mitigate industrial greenhouse gas emissions, the most important of which is the EU Emissions Trading System. In Europe, the steel industry is responsible for around 20% of these emissions mainly resulting from coal-based production processes. Although technologies for low-carbon steel production exist, their integration into integrated steel mills requires high investments and leads to significant changes in material and energy demand and the resulting cash flows. In addition, the replacement of existing production facilities has an impact on the allocation and demand for emission allowances. Steel manufacturers are therefore faced with decisions regarding the transformation of their production infrastructure in a complex regulatory and economic environment. Such decision-making processes can be supported by methods of production management and Operations Research, whereby the design of advantageous transformation pathways using mathematical optimization is particularly important. The presentation will focus on the techno-economic modeling of strategic transformation pathways and the determination of prospective solutions based on the optimization of the resulting discounted cash flows.
Keywords
- Sustainable Development
Status: accepted
Back to the list of papers