Assessment of energy saving potential and CO2 abatement cost curve in 2030 for steel industry in Thailand

Sirintip Juntueng, Sirintornthep Towprayoon and Siriluk Chiarakorn ()
Additional contact information
Sirintip Juntueng: King Mongkut’s University of Technology Thonburi
Sirintornthep Towprayoon: King Mongkut’s University of Technology Thonburi
Siriluk Chiarakorn: King Mongkut’s University of Technology Thonburi

Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, 2021, vol. 23, issue 2, No 68, 2630-2654

Abstract: Abstract The master plan of energy management for Thailand iron and steel industry has been proposed by Iron and Steel Institute of Thailand (ISIT). Three plausible scenarios in the master plan were S1: without integrated steel plant (baseline scenario), S2: with a traditional integrated BF–BOF and S3: with an alternative integrated DR-EAF. This study investigated the potential of energy reduction and CO2 emission reduction in 2030 under two reduction target scenarios which were scenario A: to achieve ISIT'S plan and scenario B: maximum energy reduction. Moreover, the CO2 abatement cost curve and the sensitivity analysis of the abatement cost with different interest rates were studied. By following the baseline scenario (S1), the potential of energy reduction and CO2 reduction was 12.74 million GJ and 1.28 million tCOeq. The traditional integrated BF–BOF route (S2) exhibited the highest energy saving and CO2 reduction potential, followed by S3 (DR-EAF) and S1 (baseline). The maximum energy reduction and CO2 reduction could be increased 11.8% and 17.9% from the ISIT’s plan. The sensitivity analysis indicated that the change of interest rates (3.27, 4.27 and 5.27%) affected the abatement cost ranged from − 21 to + 24% when compared with the long-term interest rate of 4.27%.

Keywords: CO2 reduction; Energy saving; Abatement cost curve; Iron and steel industry; Thailand (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://link.springer.com/10.1007/s10668-020-00691-4 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

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:spr:endesu:v:23:y:2021:i:2:d:10.1007_s10668-020-00691-4

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/10668

DOI: 10.1007/s10668-020-00691-4

Access Statistics for this article

Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development is currently edited by Luc Hens

More articles in Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().