9,915.62 TRY BIST 100 BIST 100
34.89 EUR EUR EUR
32.51 USD USD USD
4.51 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
44.70 TRY Interest Interest
89.50 USD Fossil Oil Fossil Oil
27.20 USD Silver Silver
4.58 USD Copper Copper
119.16 USD Iron Ore Iron Ore
386.00 USD Ship Dismantling Ship Dismantling
2,438.11 TRY Gold (gr) Gold (gr)

Serkan Ürkmez discussed Borçelik's green plans at the 2nd European Green Steel Summit

The panel, moderated by SMS Group Technical Ambassador Tamoghna Mitra, discussed the use of green energy and green hydrogen in Europe's fossil-free iron and steel production.

Serkan Ürkmez discussed Borçelik's green plans at the 2nd European Green Steel Summit

At the 2nd European Green Steel Summit, Serkan Ürkmez, Robin Pedroza, Eric Vitse and Liu Xiandong participated in a panel discussion moderated by SMS Group Technical Ambassador Tamoghna Mitra on the use of green energy and green hydrogen in Europe's fossil-free iron and steel production. It was expressed that there are various opinions and activities on the transition from gray steel to green steel production. It was emphasized that hydrogen can play an important role in this transformation, but it is still not enough on its own and different strategies and routes should be evaluated and discussions were conducted to ensure the transformation.

During the panel, Serkan Ürkmez, Borçelik Management Systems Director, answered the question of how renewable energy and hydrogen activities are integrated into steel production. Ürkmez explained that they produce 1,5 million tonnes of cold rolled and galvanized steel, and detailed their supply chain. Stating that they focus especially on the automotive and white goods sectors, he said that they pay attention to their decarbonization journey.

Ürkmez stated that more than 80% of their company's emissions come from their raw materials and emphasized that reduced carbon steels should be offered at reasonable prices in the market. The remaining 20% of emissions of their current processes can be reduced to zero by 2050 through energy efficiency and with the technologies such as renewable energy, hydrogen, etc. He noted that the company is investing in solar panels and potentially for wind power plant, that their demand for renewable energy has not yet been met for neutralizing their indirect scope 2 emissions.

Stating that hydrogen is used as a heat transfer gas in rolling and galvanizing furnaces, he explained that they make use of pure hydrogen in their batch annealing furnaces and invested for new hydrogen plant from natural gas for this purpose. He said that they reduced their emissions substantially. He also stated that, nevertheless they are looking for partnerships with alternative green hydrogen producers in Türkiye, but they are facing cost , storage, transportation and safety issues.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Committee formed to revive Pakistan Steel Mills

Saturday, April 27, 2024

Vişne Madencilik launches IPO process

Wednesday, April 24, 2024

Performance of Korean steel giants decreased in the first quarter

Saturday, April 27, 2024

Israel acts to limit scrap metal exports amid supply shortage

Wednesday, April 24, 2024

China's steel surplus problem faces global boycotts

Saturday, April 27, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now