The iron and steel industry is a cornerstone of the European economy, supporting 2.6 million jobs and contributing €132 billion annually. As the European Union aims for carbon neutrality by 2050 and seeks to reduce its CO2 emissions by 55% by 2030, the urgent decarbonisation of the iron and steel sector is essential.
Regions like Austria, where VA Erzberg is located, have extensive mineral iron carbonate reserves. However, the traditional carbonate ore reduction process includes a calcination step, which impacts the steelmakers’ Scope 3 emissions.
The challenge invites submissions from both commercial-ready solutions and early-stage innovations that focus on three areas:
1) Iron Ore Calcination and Reduction: Innovative eco-efficient methods for Erzberg’s iron ore calcination and reduction, improving efficiency and reducing emissions
2) CO2 Off-Gas Treatment: Advanced technologies to capture and utilise CO2 emissions during the processes
3) Byproduct Valorization: Innovative methods to valorise CO2 and other byproducts from Erzberg in the steel or other industries
The winners will gain insights into advanced mining operations and receive benefits such as paid proof-of-concept opportunities, funding support for further research, as well as networking and coaching opportunities.
Expires on September 29, 2024
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