- Authors
- Thomas Mühlpointner (Future Camp Climate CmbH); Alexander Scholz, Alexander Jülich (Wuppertal Institut für Klima, Umwelt, Energie GmbH)
- Version number
- 1.1
- Publication date
-
16 December 2022
- Suggested Citation
- Agora Industry, Future Camp, Wuppertal Institut (2022): Carbon Contracts for the transformation of industry: Calculator for the assessment of transformation costs for low-CO2 primary steel production. Model version 1.1, Berlin, 16.12.22
- Project
- This publication was produced within the framework of the project Carbon Contracts for the industrial transformation.
Steel Transformation Cost Calculator
This tool estimates the cost premium of climate-friendly hydrogen- or natural gas-based steelmaking compared with the blast furnace route.
About this tool
This online tool allows one to calculate the incremental and CO2 reduction costs of low-carbon or climate-neutral production of crude steel with natural gas or green hydrogen-based direct reduction of iron compared with the conventional blast furnace route.
The project goals are:
- To identify and quantify the incremental costs of low-carbon or climate-neutral climate-friendly crude steel production.
- To develop a tool with which an assessment and discussion of specific projects, possibly as a first step towards awarding carbon contracts, becomes possible.
- To create a transparent basis for the discussion of the costs and benefits of the transformation of a production plant and the necessary infrastructure.
- To create a basis for estimating the total investment and financing requirements for the transformation of the steel industry to climate neutrality.
