Pyrogenesis Canada Inc T.PYR

Sit back and Relax - LKAB has us covered

[dcowan]

article here: LINK

LKAB eyes huge investment in CO2-free production

Reuters | November 23, 2020 | 9:13 am Energy Europe Iron Ore 

The town and mine of Kiruna, Sweden. Credit: Wikimedia Commons

State-owned mining company LKAB said on Monday it wanted to invest 400 billion crowns ($46.5 billion) over 20 years to shift to carbon-free production of iron ore, in what could be one of Sweden’s biggest ever industrial investment programmes.

LKAB said the plan would require an expansion of renewable energy production in Sweden as well as a more flexible regulatory framework, but that the shift could reduce global emissions by over 35 million tonnes of CO2 a year.

SIGN UP FOR THE ENERGY DIGEST

Sign Up

“That corresponds to two thirds of Sweden’s national emissions of carbon dioxide or three times the emissions for all the cars in the country,” CEO Jan Mostrom and Svante Axelsson of Fossil Free Sweden said in a signed article in daily Dagens Nyheter (DN).

The plan involves replacing the production of iron ore pellets with a hydrogen-based process, free from carbon dioxide, doubling revenues by 2045 and creating thousands of jobs.

LKAB, which had sales of 31 billion crowns last year, said there were major challenges in making the shift.

“Despite the fact that the desire, resources and technology exists, there is risk that big and important changes get stuck in long and complex approval processes,” Mostrom and Axelsson said.

Switching to carbon-free production will also mean the development of industrial-scale hydrogen production and huge quantities of green electricity and bio-fuels.

The energy required corresponds to around a third of Sweden’s current electricity production of around 160 terawatt-hours.

LKAB, which is a small player on the global iron ore market but the world’s second-largest supplier on the sea-borne import market for iron ore pellets, made an operating profit of 8.03 billion crowns in the January-September period.

($1 = 8.6005 Swedish crowns)

[politicat]

LKAB has us covered ?   The new process uses hyrdogen.  It doesn't use plasma torches .... in fact it does even use iron ore pellets.

[gojotv!]

Fool didn't read the article... Or is he soft bashing-

[MidtownGuy]

Your comment -- "The new process uses hydrogen.  It doesn't use plasma torches .... in fact it does even use iron ore pellets" i-- s inaccurate. There's also much, much more to it. To explain with actual source facts: The hydrogen process is downstream. While LKAB plans to move to selling sponge iron rather than pellets, the hydrogen process itself is currently

[Tcheck]

Midtownguy, Are you contesting the take away of the article which was The plan involves replacing the production of iron ore pellets with a hydrogen-based process, free from carbon dioxide. it seems they (LKAB)do produce iron pellets  and that will use hydrogen to produce it :)

[MidtownGuy]

I was contesting politicat's seemingly negative comment that appeared to be a bash, not your comment. I'm well aware LKAB is one of the world's top pellet producers, as well as being aware of their plans. ;) But to your point, while article was not clearly written, that's not what it says.  The process as LKAB has currently establishes it modifies pellets using hydrogen

[Tcheck]

Ok thank you midtownguy for setting the record straight . can hydrogen then be the energy source for the torches or is that a question too stupid to ask? sweden will use hydro electricity probably .

[MidtownGuy]

No problem at all, Tcheck. While that's not what LKAB is currently releasing initiatives regarding, hydrogen CAN be used in plasma torches when combined with Argon. But again that's a different thing altogether than what's on the table now. LKAB's announced use of hydrogen so far is in the direct reduction iron (aka sponge iron) process. Hydrogen is used in a chemical reaction to

[Pitpitcolisse]

You also have to take into consideration that burning hydrogen in a burner would raise the humidity level in the oven... Burned hydrogen is 4H + O2 = 2 * H2O, water.... Not so good in a drying process I would think...

[Qtrlbder]

Buddy, read the article carefully. Or better yet, go back to elementary for a few year before you come back.