Kobe Steel announces the possibility of building new electric arc furnace to accelerate decarbonization
Kobe Steel, the Japanese steelmaking company, said it will consider building a new large electric arc furnace to reduce carbon dioxide emissions. The new furnace would replace one of Kobe Steel’s two blast furnaces in western Japan’s Kakogawa.
“We will consider an introduction of a large innovative electric arc furnace which can make high-end steel products, although it will be done after 2030,” President Yoshihiko Katsukawa told reporters and analysts as per Reuters.
He also added, “We don’t know what our final steelmaking structure will be, but we should make considerations to move to a scheme with one blast furnace and one electric furnace.”
Unlike blast furnaces, electric arc furnaces do not require a constant supply of coke.
Electric furnaces can also use up to 100% scrap steel as its raw material, while the blast furnace can only use up to 30% scrap.
The company’s new three-year management plan aims to make decisions on a $1.9 billion investment to reduce its CO2 emissions in steelmaking and power generation operations.
However, President Katsukawa added that the actual spending in terms of investments would be made after March 2027.
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