EarlyBirds.io discusses the decarbonization of the steel industry
Forde, Oct. 26, 2022 (GLOBE NEWSWIRE) — Open innovation ecosystem Earlybirds.io is thrilled to announce that it is ready to help innovators and early organizations meet the challenge of decarbonizing the steel industry through networking and collaboration. McKinsey reports that steel is one of the most important materials in modern life because it’s used to build everything from buildings, bridges and refrigerators to planes, trains and automobiles. As the population grows and more countries catch up with the development of the modern era, some predict that the global demand for steel could double in the next 30 years.
Unfortunately for a planet already dealing with the severe impacts of climate change, steel production is also incredibly carbon intensive. Indeed, the production of steel begins with iron, which must already be heated to high temperatures to be transformed into a “purified” form that can be used to make objects. Steel is formed by infusing carbon into this iron, which again requires a lot of heat and carbon-based fuel. This is usually done using blast furnaces, which can reach nearly three thousand degrees and melt large amounts of iron. Creating this kind of heat is an energy-intensive process, and with such demand for steel, the steel industry creates two billion tons of steel and emits over three billion tons of Co2 per year, mostly from these blast furnaces. This makes steel an industry ripe for carbon reduction innovations. Innovators working on these issues can find their place at EarlyBirds at https://earlybirds.io/en/innovator to research, claim and add to their roster.
A number of technologies have been developed in recent years that show promise for decarbonizing the steel industry, including carbon capture storage equipment or iron purification using hydrogen instead of carbon to make H20 , or plain water, instead of the greenhouse gas CO2 as waste. product. Blast furnaces are being replaced by electric arc furnaces and other innovations are being adopted, but at present there is great uncertainty as to which technologies will become more common in the future. That’s not to say there isn’t motivation to decarbonize the steel industry. Key players in the steel ecosystem should also benefit from the transition to low-carbon steel production. However, innovators and companies that want to make a difference in the industry using the latest and greenest technologies may find it difficult to find each other and make things happen. This is where EarlyBirds comes in. By creating an ecosystem for innovators and early adopters of new technologies to connect, EarlyBirds is well positioned to facilitate the global transition to carbon neutral steel. Organizations looking for innovations they can implement in their own work can go here: https://earlybirds.io/en/early_adopt and review the capabilities available to facilitate the transition.
One of the features of the EarlyBirds platform is the Open Innovation Map, which can be used to accelerate the identification of disruptive innovative technologies that can solve business and technical problems. These maps provide a framework for the challenges facing industries today, while organizing those challenges into categories and possible solutions, with links to innovation organizations working to solve those challenges. An EarlyBirds Innovation Map addressing core themes and sub-themes of the steel industry covering topics such as electric arc furnaces and carbon capture storage, blue and green hydrogen innovations and solutions will provide the essential foundations of an industry roadmap towards the decarbonisation of steel. The main obstacle to green steel is the availability of low carbon hydrogen and scaling up this technology will require massive amounts of green or blue hydrogen.
EarlyBirds is the perfect partner to work with to tackle the complexities of decarbonization in the steel industry. This will require regularly updated current information on the key innovation themes needed to solve this challenge. EarlyBirds Innovation Cards can be created for specific technical or business challenges as a vibrant ecosystem of innovators including startups, scale-ups and mature companies. Maps are updated in near real time and change based on emerging industry trends and issues. These are created using subject matter experts and the award-winning EarlyBirds platform with over 4 million innovators.
For more information about EarlyBirds, contact the company here:
Mr. Kris Poria and Mr. Jeff Penrose
+61 401 287 060
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