Economic Evaluation of Renewable Hydrogen Integration into Steelworks for the Production of Methanol and Methane

Michael Bampaou, Kyriakos Panopoulos, Panos Seferlis, Amaia Sasiain, Stephane Haag, Philipp Wolf-Zoellner, Markus Lehner, Leokadia Rog, Przemyslaw Rompalski, Sebastian Kolb, Nina Kieberger, Stefano Dettori, Ismael Matino and Valentina Colla
Additional contact information
Michael Bampaou: Chemical Process and Energy Resources Institute (CPERI), Centre for Research and Technology Hellas (CERTH), 6th km Charilaou-Thermi, 57001 Thessaloniki, Greece
Kyriakos Panopoulos: Chemical Process and Energy Resources Institute (CPERI), Centre for Research and Technology Hellas (CERTH), 6th km Charilaou-Thermi, 57001 Thessaloniki, Greece
Panos Seferlis: Chemical Process and Energy Resources Institute (CPERI), Centre for Research and Technology Hellas (CERTH), 6th km Charilaou-Thermi, 57001 Thessaloniki, Greece
Amaia Sasiain: K1-MET GmbH, Stahlstrasse 14, 4020 Linz, Austria
Stephane Haag: Air Liquide Forschung und Entwicklung GmbH, Gwinnerstrasse 27-33, 60388 Frankfurt am Main, Germany
Philipp Wolf-Zoellner: Chair of Process Technology and Industrial Environmental Protection, Montanuniversität Leoben, Franz-Josef-Str. 18, 8700 Leoben, Austria
Markus Lehner: Chair of Process Technology and Industrial Environmental Protection, Montanuniversität Leoben, Franz-Josef-Str. 18, 8700 Leoben, Austria
Leokadia Rog: Central Mining Institute, Plac Gwarkow 1, 40166 Katowice, Poland
Przemyslaw Rompalski: Central Mining Institute, Plac Gwarkow 1, 40166 Katowice, Poland
Sebastian Kolb: Chair of Energy Process Engineering, Friedrich-Alexander-Universität Erlangen-Nürnberg, Fürther Straße 244f, 90429 Nuremberg, Germany
Nina Kieberger: Voestalpine Stahl GmbH, Voestalpine-Strasse 3, Linz 4020, Austria
Stefano Dettori: TeCIP Institute, Scuola Superiore Sant’Anna, Via Moruzzi 1, 56124 Pisa, Italy
Ismael Matino: TeCIP Institute, Scuola Superiore Sant’Anna, Via Moruzzi 1, 56124 Pisa, Italy
Valentina Colla: TeCIP Institute, Scuola Superiore Sant’Anna, Via Moruzzi 1, 56124 Pisa, Italy

Energies, 2022, vol. 15, issue 13, 1-26

Abstract: This work investigates the cost-efficient integration of renewable hydrogen into steelworks for the production of methane and methanol as an efficient way to decarbonize the steel industry. Three case studies that utilize a mixture of steelworks off-gases (blast furnace gas, coke oven gas, and basic oxygen furnace gas), which differ on the amount of used off-gases as well as on the end product (methane and/or methanol), are analyzed and evaluated in terms of their economic performance. The most influential cost factors are identified and sensitivity analyses are conducted for different operating and economic parameters. Renewable hydrogen produced by PEM electrolysis is the most expensive component in this scheme and responsible for over 80% of the total costs. Progress in the hydrogen economy (lower electrolyzer capital costs, improved electrolyzer efficiency, and lower electricity prices) is necessary to establish this technology in the future.

Keywords: steelworks; methanol; methane; renewable hydrogen; economic analysis (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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