Charm Industrial has gained attention for its unusual approach to storing away carbon dioxide: converting plant matter into bio-oil that it then pumps into deep wells and salt caverns. (See related story.)
But the San Francisco startup is now exploring whether that oil could be used to cut emissions from iron and steelmaking as well, pursuing a new technical path for cleaning up the dirtiest industrial sector.
The iron and steel industry produces about 4 billion tons of carbon emissions each year, accounting for around 10% of all energy-related climate pollution, according to a 2020 report by the International Energy Agency. Those figures have risen sharply this century, driven by rapid economic growth in China and elsewhere.
The hefty emissions and increasingly strict climate policies in some areas, including Canada and the European Union, have started to compel some companies to explore cleaner ways of producing these essential building blocks of the modern world.
The Swedish joint venture Hybrit delivered the first commercial batch of green steel to Volvo last year. This partnership between the steel giant SSAB, the state-owned power company Vattenfall, and the mining company LKAB, used a manufacturing method that relied on carbon-free hydrogen in lieu of coal and coke. Other companies are exploring the use of facilities with equipment that captures carbon dioxide or, like Boston Metal, implementing entirely different electrochemical methods.
Charm is evaluating still another approach. In the back corner of the company’s warehouse, employees have been using a narrow metal contraption, known as a reformer, to react the company’s bio-oil with hot steam and oxygen. That produces what’s known as syngas, which is mostly a mix of carbon monoxide and hydrogen.
Bio-oil produced from crop remains.CHARM INDUSTRIAL
That could potentially be swapped into one method of producing iron and steel.
The most common form of steel production starts with a blast furnace, which heats iron ore, limestone, and coke, a form of coal, to temperatures above 1,500 ˚C. The resulting carbon-laden metal, known as “pig iron,” then moves into a second furnace, where oxygen is blown into it, impurities are removed, and other materials are added to produce various grades of steel.
Emissions occur at every stage of this process, including the extraction and production of iron, coal, and coke; the combustion of fuels to run the furnaces; and the chemical reactions that occur within them.
But about 7% of non-recycled steel today is produced in a different type of furnace, using what’s known as a direct-reduction method. It usually relies on natural gas to strip oxygen atoms off the iron oxide ore in a shaft furnace. This produces what’s known as sponge iron, which basically just needs to be melted and mixed with other materials. That second step can be done in what’s known as an electric arc furnace, which can run on carbon-free power from solar, wind, geothermal, or nuclear plants.
The method already produces fewer emissions than the blast furnace approach. But it can be made cleaner still by replacing the natural gas with alternatives, including carbon-free hydrogen in Hybrit’s case or syngas produced from crop remains in Charm’s.
Because those crops sucked the carbon that goes into the syngas out of the air, the process shouldn’t emit any more than it removes, CEO Peter Reinhardt says. If it were done in a facility with added equipment to capture emissions, it could even produce a form of negative-emissions steel, removing more than it releases, he says.
Reinhardt says the company is in discussion with several steelmakers about carrying out demonstration projects, exploring how it could deploy bio-oil-based syngas as a cleaner way of producing iron.
Charm is considering several market approaches, including selling syngas directly to steel manufacturers or producing its own hot briquetted iron, a product one step beyond sponge iron. Any company with an electric arc furnace could use that to produce steel. Most steel in the US is produced from recycled materials using
By: James Temple
Title: How Charm Industrial hopes to use crops to cut steel emissions
Sourced From: www.technologyreview.com/2022/05/26/1052675/charm-industrial-crops-steel-emissions/
Published Date: Thu, 26 May 2022 09:00:00 +0000
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LATAM crypto exchange Bitso and FMF launch NFT of Mexico’s National Team jerseys
Bitso, a leading cryptocurrency platform operating in Latin America, and the Mexican Football Federation (FMF), today announced the joint launch of the first collectible NFT of the Mexico National Team’s jerseys that was acquired in cryptocurrencies.
This morning through their social media platforms, the FMF and Bitso announced the opportunity to acquire the new official National Team fan jerseys ahead of the team’s participation in the 2022 World Cup. In just 20 minutes, the entire collection sold out.
The NFTs of the jerseys have an exclusive design for the metaverse – each is unique on the blockchain and can be resold by its owner in subsequent transactions.
The collection consisted of 100 official physical jerseys, each with a corresponding NFT version of the jersey that fans’ avatars can wear within the Decentraland metaverse. Each physical and NFT jersey set sold for the equivalent of $1,800 MXN in ethers.
“Our mission is to make cryptocurrency useful in the everyday life of Mexicans; we are committed to spreading the technology through innovative opportunities that help people throughout the country familiarize themselves with this new world. We are very excited to offer the incredible, historic opportunity for the fans of our National Team so that through their Bitso account, they can wear the colors of the National Team on and ‘off’ the field in the metaverse.”
– Bárbara González Briseño, General Director of Bitso México
Created by Bitso, the virtual jersey sports the official colors of Mexico and the new National Team shield, characteristics that will make it stand out when users wear it in the virtual world of Decentraland.
The post LATAM crypto exchange Bitso and FMF launch NFT of Mexico’s National Team jerseys appeared first on CryptoNinjas.
Title: LATAM crypto exchange Bitso and FMF launch NFT of Mexico’s National Team jerseys
Sourced From: www.cryptoninjas.net/2022/07/29/latam-crypto-exchange-bitso-and-fmf-launch-nft-of-mexicos-national-team-jerseys/
Published Date: Fri, 29 Jul 2022 15:19:02 +0000
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Long-running crypto exchange EXMO unveils “lively” rebrand amidst growth
EXMO, a crypto exchange platform operating since 2014, announced this week a rebranded visual identity with includes a new logo, brand colors, and design features. This new branding comes as EXMO continues to grow its crypto platform while also seeking to expand its presence in other jurisdictions.
Some new developments underway at EXMO:
Soon, users will be able to earn passive income from EXMO’s new staking platform.Plans to launch an EXMO crypto debit card.Expansion of its services in international markets with the opening of offices in Poland and Lithuania.
EXMO’s new logo
The rationale for the re-brand:
“At EXMO, we have a vision of a world where crypto is in every wallet. Hassle-free. We want to achieve this by making crypto as simple and accessible to everyone as possible. And we know that you already appreciate EXMO for offering user-friendly services and helpful support. Also for the opportunity to trade anywhere and anytime, closing deals in just a few taps. Such important changes required a rethinking of our corporate style, which has long needed a massive upgrade. So today we are introducing a new brand identity for EXMO with a completely new visual concept. We are launching a new logo, brand colors, and design elements. Our key design principles are simplicity, boldness, and a pinch of fun. But most importantly, we have changed our logo. Simple and easily recognizable, it represents the humanity of our brand. The logo stands out due to the wavy letter ‘m’ which symbolizes exchange rate charts and also resembles a spring that will launch you into the crypto world.”
– The EXMO Team regarding the re-branding
The post Long-running crypto exchange EXMO unveils “lively” rebrand amidst growth appeared first on CryptoNinjas.
Title: Long-running crypto exchange EXMO unveils “lively” rebrand amidst growth
Sourced From: www.cryptoninjas.net/2022/07/26/long-running-crypto-exchange-exmo-unveils-lively-rebrand-amidst-growth/
Published Date: Tue, 26 Jul 2022 08:10:38 +0000
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Stitching together the grid will save lives as extreme weather worsens
The blistering heat waves that set temperature records across much of the US in recent days have strained electricity systems, threatening to knock out power in vulnerable regions of the country.
The electricity has largely stayed online so far this summer, but there have been scattered problems and close calls already.
Heavy use of energy-sucking air-conditioners is the biggest problem. But intense heat can also reduce the output of power plants, blow transformers, and force power lines to sag. Severe droughts across large parts of the country have also significantly reduced the availability of hydroelectric power, according to the North American Electric Reliability Corporation (NERC).
It’s unlikely to get better soon. A number of grid operators may struggle to meet peak summer demand, creating the risk of rolling blackouts, the NERC report notes.
The nation’s isolated and antiquated grids are in desperate need of upgrades to keep the lights, heat, and air-conditioning on in the midst of extreme weather events that climate change is making more common, severe, and dangerous. One clear way to ease many of these issues is to more tightly integrate the country’s regional grids, stitching them together with more long-range transmission lines.
If electricity generated in one area can be more easily shared across much wider regions, power can simply flow to where it’s needed at those moments when customers crank up air-conditioners en masse, or when power plants or fuel supply lines fail amid soaring temperatures, wildfires, hurricanes, or other events, says Liza Reed, a research manager focused on transmission at the Niskanen Center, a Washington, DC, think tank.
The problem is it’s proved difficult to build more long-range transmission and grid interconnections for a variety of reasons, including the permitting challenges of erecting wires through private and public lands across cities, counties, and states and the reluctance of local authorities to forfeit control or submit to greater federal oversight.
The case of Texas
The unreliability of the US grid is not a new problem. Severe heat and winter storms have repeatedly exposed the frailty of electricity systems in recent years, leaving thousands to millions of people without power as temperatures spiked or plunged.
One of the fundamental challenges is that the grids today are highly fragmented. There are three main electricity networks within the US: the Eastern Grid, the Western Grid, and the Electric Reliability Council of Texas (ERCOT). But there are numerous regional transmission organizations within those first two systems, including the California Independent System Operator, Southwest Power Pool, PJM Interconnection, New York ISO, and more.
These grids form a complex web of networks operating under different regulators, rules and market structures, and often with limited connections between them.
A variety of regional transmission organizations oversee different parts of the nation’s aging and fragmented grids, which operate under different rules and with often limited connections between them.
ERCOT is especially isolated, in part because of the desire among local politicians, citizens, and power companies to avoid added competition, the hassle of following other states’ rules, and oversight from the Federal Energy Regulatory Commission (FERC). But the state offers a case study in why that can be a serious problem amid increasingly harsh climate conditions, Reed says.
The Texas grid operator pleaded with customers several times earlier this month to cut electricity use as blistering summer temperatures created demand surges that threatened to outstrip supply and require rolling blackouts. Low wind conditions, cloud cover, and outages at fossil-fuel power plants added to the strains.
Shutting off the electricity needed to run air-conditioning in triple-digit temperatures
By: James Temple
Title: Stitching together the grid will save lives as extreme weather worsens
Sourced From: www.technologyreview.com/2022/07/28/1056483/stitching-together-the-grid-will-save-lives-as-extreme-weather-worsens/
Published Date: Thu, 28 Jul 2022 08:00:00 +0000
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