We welcome you to learn about the business opportunities in decarbonizing Turkiye’s iron & steel industry, the drivers and solutions needed in the market and the opportunities in this field for Finnish companies. The webinar is targeted for Finnish companies that have solutions to decarbonize the iron & steel industries and that want to gain understanding about the overall situation and the market opportunities in Turkiye, and for everyone else interested in the subject.
Points of interest and solutions wanted in Turkiye are:
- DRI (Direct Reduction of Iron) related projects for electric furnace companies
- R&D projects for process improvement for blast furnace companies such as biomass, biocoal, biocoke, hydrogen, CO2 capture
- Renewable energy projects especially rooftop solar
- Direct emission reduction solutions such as carbon capture
- Digitalization solutions such as IoT; AI-driven solutions for optimization of steel temperature, process optimization and maintenance optimization; ERP systems; online inspection systems; value chain automation; flow control solutions; digitalization of energy saving solutions, etc.
- Energy and material efficiency solutions such as process monitoring and control solutions, gas emission monitoring, energy efficient technologies, etc.
- Hydrogen energy solutions such as developing P2X gas production and distribution network, small gas turbines, CO2 air capture technology and P2X fuel production, feasibility studies for alternative fuels, etc.
- CBAM and carbon market solutions such as carbon footprint calculations&reports, carbon emissions offsetting, etc.
- Battery storage solutions
Why Turkiye?
In 2021, the EU announced “Fit for 55 Package” in which the Carbon Border Adjustment Mechanism (CBAM) was introduced. The European Commission aims to use CBAM to prevent carbon leakage, reduce greenhouse gas emissions from third countries, develop green policy practices and provide resources for green transformation in the EU. CBAM will result in charges for import goods coming to the EU by enforcing purchase of CO2 allowances.
In 2021, Turkiye became Europe's largest and the World's 7th largest steel producer. Turkiye’s main export destination in iron and steel industry is the EU with 7.4 mil. tons, which stands for EU’s 31% of total steel exports. In the list of the EU's top 5 steel exporters, Turkiye records the lowest carbon intensity compared to the other four markets: Russia, Ukraine, China and South Korea. Iron & steel industry release is 17.6 mil. ton CO2e and approximately 3.5% of Turkiye’s annual emissions. Studies made for various scenarios indicate that the competitiveness loss may reach up to 10 % for Turkiye’s steel industry due to CBAM. Turkiye envisions to establish its own compliance market, similar to EU’s ETS.
Agenda
11.00–11.05 Opening of the webinar by Marika Ollaranta, Head of Decarbonizing Industries RRF
11.05–11.15 "Why Turkiye" and introducing the business opportunity by Pelin Gokcek, Senior Advisor
11.15–11.50 Decarbonization of the Iron & Steel Industry of Turkiye by Finnturker
11.50–12.05 Q&A and next steps
