Jouko Arvola, Janne Harkonen, Matti Mottonen, Harri Haapasalo, Pekka Tervonen
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DOI: 10.4236/lce.2011.23015   PDF    HTML     7,332 Downloads   16,417 Views   Citations

Abstract

New legislation and emissions trading increase pressures for the industry to find new environmentally sound solutions. This research analyses the utilisation of carbon monoxide (CO), formed in steel mills from the emissions reduction viewpoint. The research studies possibilities of combining steel and chemical productions from economic and environmental perspectives. The analysis includes considering emissions costs and electricity price, when CO is converted into chemical products. The results prove the economic profitability of a steel mill selling CO gas to a chemical producer instead of using it for energy production, while CO₂ emissions are simultaneously reduced.

Keywords

Emissions Trading, Carbon Dioxide, Carbon Monoxide, Steel Industry, Chemical Industry, Sustainability

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Conflicts of Interest

The authors declare no conflicts of interest.

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