
Accelerate the layout of low-carbon energy technology, with an expected investment of more than 1.07 billion yuan
On the 6th, Sinosteel's board of directors approved an investment of NT$1,079.218 million to promote the solid oxide fuel cell (SOFC) and carbon capture and utilization (CCU) project to respond to the power demand for process electrification and to meet the goal of carbon neutrality after 2030.
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Sinosteel is promoting investment in low-carbon energy technologies in response to future process electrification and the goal of carbon neutrality after 2030.
Sinosteel's board of directors approved SOFC and CCU investment plans. (Photo by reporter Lin Jinghua)
[Reporter Lin Jinghua/Taipei Report] Sinosteel (2002) is accelerating the deployment of low-carbon energy technology. Today (6th) the board of directors approved an investment of NT$1,079.218 million to promote the solid oxide fuel cell (SOFC) and carbon capture and utilization (CCU) project. Sinosteel hopes to use these two technologies to respond to the increased electricity demand due to future process electrification and to strengthen energy independence and operational stability in line with the goal of carbon neutrality after 2030.
Sinosteel stated that this plan is expected to last for 2 years and 1 month from December 1 this year to December 31, 2028. It will use fuel cell power generation and carbon capture and utilization technology to take into account future power demand and process carbon reduction, and prepare for the low-carbon transformation of the steel industry. Prepare; SOFC directly converts fuel into electricity through electrochemical reactions, which can be used as a source of self-generated power in the factory to improve the flexibility of energy supply; CCU captures carbon dioxide emitted by industrial processes and further converts it into usable resources to reduce carbon emissions.
Liu Hongyi, executive vice president of Sinosteel, explained that the SOFC device has a capacity of about 3.575MW and an annual power generation of 29.75 million kilowatt-hours. It mainly uses natural gas as the raw material. The emitted carbon dioxide can be further purified through carbon capture. According to the customer's purity requirements, it will be sold to the electronics industry, food industry and general industrial customers. It is expected to capture nearly 10,000 tons per year.
The Ministry of Economic Affairs has the "Ministry of Economic Affairs' Stationary Fuel Cell Power Generation System Setup Subsidy Operation" to encourage the development of commercial stationary fuel cell (such as solid oxide fuel cell SOFC) power generation systems. The subsidy amount is NT$50,000 to NT$70,000 per 1 kW (watt); Sinosteel will apply for subsidies from the government in accordance with regulations.
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