>Sweden, where this facility is supposed to be built, hardly has any fossil fuel electricity production.
That would make their process suitable for countries that barely produce any iron to begin with. Unlike countries actually responsible for a big chunk of the world's iron production¹, and heavily reliant on fossil fuels; such as China, Japan, India, Russia.
>Also you should compare the natural gas hydrogen process to the currently used coke process.
No, I shouldn't. For three reasons: a) everybody knows that the "traditional" coke process is nasty, and is looking for alternatives; b) other alternatives already exist, as syngas-based³; and 3) the resulting iron is slightly different in properties.
Could the method from the link become more attractive in the future? Sure. Even then I strongly suggest everyone to hold their horses before going "WOOO THAT BIZNIZ SAID THAT THEY'RE CHANGING THE WORLD!!1". There's no "exciting" development yet.
That would make their process suitable for countries that barely produce any iron to begin with. Unlike countries actually responsible for a big chunk of the world's iron production¹, and heavily reliant on fossil fuels; such as China, Japan, India, Russia.
>Also you should compare the natural gas hydrogen process to the currently used coke process.
No, I shouldn't. For three reasons: a) everybody knows that the "traditional" coke process is nasty, and is looking for alternatives; b) other alternatives already exist, as syngas-based³; and 3) the resulting iron is slightly different in properties.
Could the method from the link become more attractive in the future? Sure. Even then I strongly suggest everyone to hold their horses before going "WOOO THAT BIZNIZ SAID THAT THEY'RE CHANGING THE WORLD!!1". There's no "exciting" development yet.
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1. Source: https://en.wikipedia.org/wiki/Iron#Industrial_production
2. Refer to https://ourworldindata.org/grapher/exports/share-electricity...
3. Note that syngas still uses coke, but as a DRI method it uses it more efficiently.