Assessment of Energy Efficiency Improvement and CO2 Emission Reduction Potentials in India's Iron and Steel Industry

Download or read book Assessment of Energy Efficiency Improvement and CO2 Emission Reduction Potentials in India's Iron and Steel Industry written by and published by . This book was released on 2012 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: India's 2010 annual crude steel production was 68 Mt which accounted for nearly five percent of the world's annual steel production in the same year. In 2007, roughly 1600 PJ were consumed by India's iron and steel industry to produce 53 Mt of steel. We identified and analyzed 25 energy efficiency technologies and measures applicable to the processes in the Indian iron and steel industry. The Conservation Supply Curve (CSC) used in this study is an analytical tool that captures both the engineering and the economic perspectives of energy conservation. Using a bottom-up electricity CSC model and compared to an electricity price forecast the cumulative plant-level cost-effective electricity savings potential for the Indian iron and steel industry for 2010-2030 is estimated to be 66 TWh, and the cumulative plant-level technical electricity saving potential is only slightly greater than 66 TWh for the same period. The primary energy related CO2 emissions reduction associated with cost-effective electricity savings is 65 Mt CO2. Compared to a fuel price forecast, an estimated cumulative cost-effective fuel savings potential of 768 PJ with associated CO2 emission reduction of 67 Mt CO2 during 2010-2030 is possible. In addition, a sensitivity analysis with respect to the discount rate used is conducted to assess the effect of changes in this parameter on the results. The result of this study gives a comprehensive and easy to understand perspective to the Indian iron and steel industry and policy makers about the energy efficiency potential and its associated cost.