Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


NZ Steel and CarbonScape ‘Green Coke' Initiative

1 of 1
News Release
Release Time: Immediate

Date: 11 February 2013


New Zealand Steel and CarbonScapeTM partnering on ‘Green Coke’ initiative

New Zealand Steel has signed a future supply agreement with Marlborough based clean-tech company CarbonScape.

A trial shipment of green coke is planned for 2014, which New Zealand Steel will use as an additive in its steel making operation at Glenbrook to reduce carbon emissions.

CarbonScape has developed a microwave process for converting forestry waste into high value carbon products, including metallurgical coke. Following successful trials, a scaled up production plant is being built to deliver commission samples. CarbonScape is presently securing investment to enable expansion to commercial production.

The collaboration has been encouraged by BlueScope Steel in Australia, New Zealand Steel’s parent company, which has been studying options for the reduction of reduction of C02 utilising biomass.

New Zealand Steel and CarbonScape are also exploring other options for utilising its patented microwave technology in steel making, including high temperature plasma processing.

President of New Zealand Steel, Mr Simon Linge said, “New Zealand Steel is a company that was founded on innovation, and continuously looks for innovative ways to minimise any impact New Zealand Steel may have on the environment. This includes currently producing approximately 60% of its own energy requirement via an onsite co-generation plant and support a pilot plant for Auckland based biofuel pioneer, LanzaTech at the New Zealand Steel Glenbrook site. We look forward to progressing a similarly creative collaboration with CarbonScape.”

About New Zealand Steel

New Zealand Steel Limited is the country’s sole producer of flat rolled steel products for the building, construction, manufacturing and agricultural industries. It operates a fully integrated steel mill at Glenbrook, about 60 kilometres south of Auckland. Using locally sourced ironsand, lime and coal, New Zealand Steel produces around 600,000 tonnes of steel each year using a direct reduction process, turning west coast black sand into metallic iron. New Zealand Steel is part of the BlueScope Steel group of companies. For more information visit: www.nzsteel.co.nz

About CarbonScapeTM

CarbonScapeTM is based in the Marlborough region of New Zealand. They have developed a process for converting low cost biomass (for example waste saw dust from timber processors) into valuable finished products using microwave technology. For more information visit: www.carbonscape.com

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Economic Update: RBNZ Says Rate Cut Seems Likely

The Reserve Bank will likely cut interest rates further as a persistently strong kiwi dollar makes it difficult for the bank to meet its inflation target, it said. The local currency fell. More>>

ALSO:

House Price Action Plan: RBNZ Signals National Lending Restrictions

The central bank wants to cap bank lending to property investors with a deposit of less than 40 percent at 5 percent and restore the 10 percent limit for owner-occupiers wanting to take out a mortgage with a deposit of less than 20 percent, according to a consultation paper released today. More>>

ALSO:

Sparks Fly: Gordon Campbell On China Steel Dumping Allegations

No doubt, officials on the China desk at MFAT have prided themselves on fashioning a niche position for New Zealand right in between the US and China – and leveraging off both of them! Well, as the Aussies would say, of MFAT: tell ‘em they’re dreaming. More>>

ALSO:

Loan Sharks: Finance Companies Found Guilty Of Breaching Fair Trading Act

Finance companies Budget Loans and Evolution Finance, run by former 1980s corporate high-flyer Allan Hawkins, have been found guilty of 106 charges of breaching the Fair Trading Act for misleading 21 borrowers while enforcing loan contracts. More>>

ALSO:

Post Panama Papers: Govt To Adopt Shewan's Foreign Trust Recommendations

The government will adopt all of the recommendations from former PwC chairman John Shewan to increase disclosure and introduce a register for foreign trusts with new legislation to be introduced next month. More>>

ALSO:

The Price Of Cheese: Cheddar At Eight-Year Low

Food prices decreased 0.5 percent in the year to June 2016, influenced by lower grocery food prices (down 2.3 percent), Statistics New Zealand said today. Compared with June 2015, cheese prices were down 9.5 percent, fresh milk was down 3.9 percent, and yoghurt was down 9.2 percent. More>>

ALSO:

Financial Advisers: New 'Customer-First' Obligations

Goldsmith plans to do away with the current adviser designations which he says have been "unsatisfactory" in that some advisers are obliged to disclose potential conflicts of interest and act in their customers' best interests, but others are not. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news