Five blast furnace companies have joined together to reduce carbon dioxide (CO2) emitted by the steel industry by 30%.
Nippon Steel, JFE Steel, Sumitomo Metal Industries, Kobe Steel and Nisshin Steel, as well as Nippon Steel Engineering, have joined together to create and drive forward the ‘Development of Environmental Technology for Steel making Process’ project.
The project involves development of technology to reduce CO2 emissions from blast furnaces, and the development of CO2 gas separation and recovery technology.
With support from the New Energy and Industrial Technology Organisation (NEDO), phase one of the project is planned to be conducted between now and 2017. For the first half of phase one, from 2008 to 2012, ¥10bn has been set aside, and for the 2013 to 2017 period, a further ¥15bn in aid is expected to be allotted.
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