Contribution Oral Presentation
FOOTPRINTS FOR THE FUTURE OF COMMERCIAL FINEX PLANTS
FINEX® is an alternative iron making process to the blast furnace (BF) route and it is based on the direct use of iron ore fines and non-coking coal, which gives operational flexibility, cost competitiveness and environmental benefits compared to the conventional BF route. Continuous improvements are carried out to increase the process efficiency, including the latest developments of the energy recovery system, changing binders for coal briquettes and the increased production of the hot compacted iron system. Economical benefits are steadily enhanced by the increased use of raw materials with low quality and the recycling of various by-products. The CO2 removal system working as CCS (carbon capture and storage) in the process brightens the environmental potential. As the core facilities in Pohang Works, two commercial FINEX® plants have already produced over 20 million tons of hot metal and the experience of more than 10 years of commercial operation on the brown field convinces that the equivalent performance will be achieved on green fields. Continuous progress of the FINEX® process promises that the alternative iron making process is now sufficiently competitive with the traditional blast furnace process.