💡Helix Carbon Converts CO2 to CO for Blast Furnaces
Iron producers could save $14 per ton with this tech
TL;DR
Helix Carbon's new tech converts CO2 into CO, reducing coke usage in blast furnaces by up to 33%. Iron producers could save $14 per ton, a big deal for an industry with thin margins.
Helix Carbon has developed a process to convert waste CO2 from blast furnaces into CO, which can then be recycled back into the furnace to reduce coke usage. This tech could cut coke use by up to 33%, saving iron producers $14 per ton of iron. The iron and steel industries, a $2 trillion market, could see significant cost savings and reduced carbon emissions. Helix Carbon's electrolyzer can handle the entire exhaust stream, and the company plans to start with specialty chemicals to bring in early revenue. The tech can also be used to make chemicals on-site from waste streams without capturing CO2 first.
Key Points
Helix Carbon's process converts CO2 into CO using an electrolyzer, reducing coke usage by up to 33%.
Iron producers could save $14 per ton of iron with Helix Carbon's tech, a significant cost reduction.
The iron and steel industries are a combined $2 trillion market, with notoriously thin margins.
Helix Carbon plans to start with specialty chemicals to bring in revenue earlier, then scale to iron producers.
The tech can make chemicals on-site from waste streams without capturing CO2 first, offering additional benefits.
Why It Matters
Iron producers could save $14 per ton with Helix Carbon's CO2-to-CO tech, a big deal for an industry with thin margins. The tech reduces coke usage by up to 33%, cutting costs and carbon emissions. Specialty chemical producers could also benefit from on-site chemical production from waste streams.
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