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The Real Cost Of Green Steel
Watts Up With That ^ | 8/22/21 | Willis Eschenbach

Posted on 08/22/2021 3:33:04 PM PDT by Renkluaf

There is much agitation in the climatosphere about the amount of “coking coal” used in making steel. A number of allegedly smart folks are working on ways to replace that coal with hydrogen to reduce the amount of eeevil CO2 produced in steelmaking. There’s a very recent post on the subject here on WUWT, describing a “green steel” method developed in Sweden.

So I thought I’d take a look at the numbers for steel for the European Union. If you know me, you know I like to run the numbers myself.

From “Hydrogen In Steel Production“, I find:

The steel industry accounts for 4% of all the CO2 emissions in Europe.

Now, Europe emits about 2.5 billion tonnes of CO2 per year. The four percent of that emitted by steelmaking is ~100 million tonnes per year. 8.43 billion tonnes of CO2 equals one ppmv of atmospheric CO2. So 100 million tonnes of CO2 avoided is a savings of about 0.013 ppmv of CO2 per year … except that about 45% of CO2 emissions are sequestered immediately, so they’ll only be saving about 0.007 ppmv per year … be still, my beating heart.

Then we have this estimate of the annual increase in electricity needed to convert EU steelmaking to hydrogen:

The total energy requirement for climate-neutral transformation of the blast furnace route, for example, amounts to around 120 terawatt hours (TWh) per year.

To provide that additional electricity they’ll need 14 new 1 GW nuclear power plants, plus a few more for peak production plus downtime. So call it 18 new nukes.

Plus, of course, the cost of the electricity itself. At say $0.06 per kilowatt-hour, that’s another $4.8 billion per year.

Next, will “green steel” be cost-effective and competitive in the marketplace? Don’t make me laugh.

Furthermore, imported steel that is not produced in a climate-neutral way should be taxed so that prices remain comparable.

If the steel industry has to fend for itself on this task, the prices of its end products will have to be raised enormously, which will make it internationally uncompetitive. The exodus of an entire branch of industry or at least the upstream production will be the result.

(Ibid) Prices of European steel will have to be “raised enormously”? … wonderful. Steel is used in millions of products …

How about the capital cost?

We calculate that it will cost around EUR 100 billion [US$117 billion] to make the production of crude steel climate neutral.

(Ibid) Plus the cost of the 18 new nukes, about $8 billion per GW = another $144 billion dollars. And then there’s the cost of the additional electricity itself, which by 2050 will be $4.8 billion/year times 28 years = $134 billion.

So all up, by 2050 the changeover will cost almost $400 billion.

If they did this tomorrow, by 2050 European steelmakers would have reduced the atmospheric CO2 by ~ 0.2 ppmv. And IF (big if) the IPCC is right, that would make the world of 2050 cooler by ~ 0.002°C …

Now, temperatures drop with altitude, at the rate of about one degree C per 100 meters vertical. So if you are standing up, a temperature drop of 0.002°C is less than the underlying altitude-driven temperature difference that constantly exists between your toes and your knees …

And please, please don’t say “If the EU does this the other countries will follow”. Outside of the EU, the US, and a few other foolish sheep, most countries are nowhere near that stupid. As a way to cool the atmosphere, this will cost about US$200 trillion per °C of cooling by 2050. By comparison, global Gross Domestic Product (GDP) is about $85 trillion per year, so it would cost well over twice the globe’s entire annual GDP to cool the planet by 1°C at that rate.

At a cost of $200,000,000,000,000 per degree of cooling, that’s gotta be far and away the world’s most expensive air conditioner … and the looney-tunes folks in the EU think it’s a brilliant plan.

And if Europe does go to “green steel”, what do they get for their $400 billion dollars besides an unmeasurably tiny cooling by 2050?

Oh, right—”enormously expensive” steel. Heck of a deal …

Mathematics. Don’t leave home without it.

w.

AS ALWAYS: I can and am generally happy to defend my own words. But I cannot defend your interpretation of my words. So please, when you comment quote the exact words you are discussing.

PS—How big is a trillion? Almost unimaginably big. As one example, a million seconds is 11.6 days … and a trillion seconds is 31,700 years.


TOPICS: Business/Economy; News/Current Events
KEYWORDS: bloggers; greensteel; steel
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More green BS! This was a response to a claim from Sweden (see https://wattsupwiththat.com/2021/08/21/ssab-claims-carbon-free-steel-breakthrough/).
1 posted on 08/22/2021 3:33:04 PM PDT by Renkluaf
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To: Renkluaf

Sometimes you want a little carbon in the steel.

Like for building construction, or knives, or eek guns.

Yeah, the carbon is an alloy, but I’ll bet hydrogen-only smelting affects the carbon content of the steel.

Unintended consequences.


2 posted on 08/22/2021 3:55:18 PM PDT by Scrambler Bob (My /s is more true than your /science (or you might mean /seance))
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To: Renkluaf

Using electricity to produce hydrogen is horribly inefficient. It takes considerably more energy to make hydrogen than you get from the hydrogen.


3 posted on 08/22/2021 4:08:28 PM PDT by technically right
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To: Renkluaf

the only real green steel, is Rearden Steel... 8^)


4 posted on 08/22/2021 4:12:14 PM PDT by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. P144:1)
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To: technically right

There you go doing that math & physics thing ! No where did you take into account your feelings about the problem !


5 posted on 08/22/2021 4:14:34 PM PDT by Reily
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To: Renkluaf

bkmk


6 posted on 08/22/2021 4:25:33 PM PDT by sauropod (Time is like quicksilver, smearing the years... - Bill Nelson)
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To: Chode

Is Rearden metal good?


7 posted on 08/22/2021 4:27:08 PM PDT by wally_bert (I cannot be sure for certain, but in my personal opinion I am certain that I am not sure.)
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To: technically right

Before they used coke, charcoal was used. Hardwood charcoal preferred, and this would be a lot of wood.


8 posted on 08/22/2021 4:28:44 PM PDT by Fraxinus (My opinion, worth what you paid.)
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To: Scrambler Bob

Yes. Carbon would have to be added.


9 posted on 08/22/2021 4:30:51 PM PDT by MRadtke (Light a candle or curse the darkness?)
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To: technically right

Yes


10 posted on 08/22/2021 4:36:02 PM PDT by AZJeep (https://www.youtube.com/watch?v=O0AHGreco RomNQkryIIs)
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To: Renkluaf; All
These morons should make their anti-coal case in China where they are building coal-fired power plants on a scale of one plant every WEEK.

The Stupid Party never bothers to publish this and show photographs of the air and rivers in India and China. Absolutely disgusting. These are the same jerks who believe windmills will power electric cars.

Common sense isn’t common anymore.

11 posted on 08/22/2021 4:52:35 PM PDT by Cobra64 (Common sense isn’t common anymore.)
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To: Renkluaf

It’s articles like these that warrants a daily visit to “Watts Up With That”.


12 posted on 08/22/2021 4:54:34 PM PDT by traderrob6
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To: Renkluaf

That’s what steel is - an alloy of IRON and (gasp) CARBON!!!


13 posted on 08/22/2021 5:01:10 PM PDT by beethovenfan (Mene, Mene, Tekel, Upharsin)
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To: technically right

Thats ok we will make it up in volume


14 posted on 08/22/2021 5:16:09 PM PDT by al baby (Hi Mom Hi Dad)
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To: Cobra64

Actually what will happen is that the ChiComs will end up supplying the steel to everybody else. Unless the Indians can get cranked up.


15 posted on 08/22/2021 5:19:52 PM PDT by nascarnation
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To: Renkluaf

Ayn Rand had a damn good crystal ball.


16 posted on 08/22/2021 5:24:12 PM PDT by Captain7seas
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To: wally_bert

oh yeah, It is lighter than traditional steel but stronger, and is to steel what steel was to iron. It is described as greenish-blue. Among its ingredients are iron and copper./Atlas Shrugged


17 posted on 08/22/2021 5:43:46 PM PDT by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. P144:1)
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To: Captain7seas

At times I call her prophetic.


18 posted on 08/22/2021 5:46:41 PM PDT by wally_bert (I cannot be sure for certain, but in my personal opinion I am certain that I am not sure.)
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To: Chode

But the guy from the state science institute refused to confirm Rearden Metal was good.

A bit I remember from the movie.


19 posted on 08/22/2021 5:48:20 PM PDT by wally_bert (I cannot be sure for certain, but in my personal opinion I am certain that I am not sure.)
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To: wally_bert

damn, i forgot...


20 posted on 08/22/2021 5:50:53 PM PDT by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. P144:1)
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