ThREE Consulting Announces Green-Steel Project in Missouri, United States | New
ST. LOUIS, Mo., June 10, 2021 / PRNewswire-PRWeb / – ThREE Consulting LLC has announced that it has requested funding from DoE FOA to generate integrated feasibility studies to validate the techno-economic assessment of its Mine to Metal project, Green Steel. ThREE brought together a team of engineers and “Green Mandate” investors to collaborate in the development of this project. The overall goal is to produce high quality green steel in an economical manner while not relying on carbon capture credits, subsidies or inflated “top prices” for green steel.
With the support of DoE, under its funding opportunity 0001817, feasibility studies will demonstrate the economic benefits of using green technologies. The mine is fully licensed and production feasibility will take less than 18 months. Assuming normal project development timelines and ready investors, the planned steel production start date can be competitive with the state sponsored SSAB Green Steel project in Sweden.
Green steel is produced by replacing coal or natural gas with carbonless hydrogen gas to convert iron ore into steel through a process called direct iron reduction (DRI). This technology has been around for decades, but only makes sense if hydrogen can be made at cost par with carbon-based options. ThREE Consulting will overcome the existing cost disparity by acquiring underutilized nuclear power from at-risk producers as well as excess renewable capacity to produce economical hydrogen, in conjunction with other systems not described here (detailed here). in their DoE application process diagram).
Historically, the steel industry has accounted for a significant share of all CO2 emissions due to its heavy reliance on fossil fuels in all aspects of production processes. The increased need for global steel production to meet current and future demands has resulted in accelerating levels of greenhouse gas release globally.
“ThREE Consulting is ideally located to conduct this project due to the unique geochemistry of the iron deposit as well as all of the other physical assets already under our control,” said Jim kennedy, president of TROIS. He added “The reopening of the old Pea Crest iron ore mining with green technology will be an economic and environmental victory for the region and demonstrate that the United States can be at the forefront of advanced green industrial technologies. “
“We are counting on the DoE to fund the engineering phase of the project so that we can demonstrate the economics of green steel production to lock in funding commitments from one or more Green Mandate investors who are currently considering this project. .
This project will advance the US steel industry and the goals of the DoE and this administration. These goals include demonstrating economic pathways to decarbonize US heavy industry, economic stabilization of regional nuclear power producers, and the creation of well-paying jobs. This project will pave the way for a new green industrial revolution, ”Kennedy said.
Saint Louis ThREE Consulting LLC is a leading iron, steel and critical metals consulting firm focused on the relocation of advanced manufacturing jobs through the strategic development of national resources. ThREE has extensive experience in project planning, mining, transportation and regulatory compliance.