EconPapers    
Economics at your fingertips  
 

Incorporating biochar into fuels system of iron and steel industry: carbon emission reduction potential and economic analysis

Fan Meng, Guoqiang Rong, Ruiji Zhao, Bo Chen, Xiaoyun Xu, Hao Qiu, Xinde Cao and Ling Zhao

Applied Energy, 2024, vol. 356, issue C, No S0306261923017415

Abstract: Biochar as a prospective renewable energy candidate could be incorporated into the iron and steel production system to replace part of fossil fuels and reduce high-intensity greenhouse gas emissions. However, great uncertainties still exist on biochar's emission reduction capacity and economic feasibility, depending on different biochar precursors, substitution scenarios, energy consumption of biochar production and financial cost. This study aimed to explore the optimized substitution strategies concerning the above issues. A systematic carbon accounting was performed by material flow analysis method (MFA). Two biochar incorporated iron and steel production routes, integrated production route (BF-BOF) and short production route (EAF), which took the proportion of 71.5% and 28.2% in worldwide production, were considered. CO2 Supply Curve (CSC) was conducted to carry out a quantitative economic viability analysis of biochar substitution under carbon emission trading schemes (ETS). Results showed that compared with straw-based biochar, wood-based biochar showed stronger carbon reduction capacity of 1.47 t CO2e (CO2-equivalent) /t crude steel, and the reduction potential reached 66.94% mostly. Among all the steel production processes, Blast furnace in BF-BOF route had the largest emission contribution proportion (72.06%), achieving the best GWP100 reduction potential of 73.66%. The incorporation of wood-based biochar in sintering (−0.037 yuan/t CO2e) was selected as the scenario with both reduction potential and economic viability. If the scenario was fully implemented in China, it could reduce 2.01 million tons of CO2e in 2021. This study would play a vital role in guiding iron and steel industry for biochar substituted fuels.

Keywords: Biochar fuels substitution; Iron and steel industry; Emission reduction capacity; Carbon accounting; Economic feasibility (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0306261923017415
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:appene:v:356:y:2024:i:c:s0306261923017415

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/405891/bibliographic
http://www.elsevier. ... 405891/bibliographic

DOI: 10.1016/j.apenergy.2023.122377

Access Statistics for this article

Applied Energy is currently edited by J. Yan

More articles in Applied Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

 
Page updated 2025-03-19
Handle: RePEc:eee:appene:v:356:y:2024:i:c:s0306261923017415