The iron and steel industries are significant global polluters. Helix Carbon is focusing on decarbonizing existing blast furnaces rather than replacing them entirely. The company's co-founder and CEO, David Brown, stated that efforts to decarbonize the steel industry must address blast furnaces directly.
Blast furnaces traditionally use coke to convert iron ore into metallic iron, a process that releases large amounts of carbon dioxide. Helix Carbon developed a method to capture this waste CO2 and convert it into carbon monoxide, which is then recycled back into the blast furnace. Carbon monoxide is the active agent in reducing iron ore.
The core of Helix Carbon's process is an electrolyzer that uses electricity and a catalyst to break down carbon dioxide. Unlike most electrolyzers that require purified CO2, Helix Carbon's design can handle the raw exhaust stream directly from a blast furnace. This eliminates the need for pre-processing the exhaust.
By injecting recycled carbon monoxide, iron producers can reduce their reliance on coke. Helix Carbon proposes an initial replacement of 33% of coke, which it estimates would save producers $14 per ton of iron. While this amount may seem small, it is significant given the thin profit margins in the iron industry. The reduction in coke usage also directly translates to lower carbon emissions from the steel industry.
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Helix Carbon developed a method to convert carbon dioxide from blast furnaces into carbon monoxide, which can then be recycled back into the furnace. This process aims to reduce coke consumption in iron production by up to 33%, potentially saving producers $14 per ton of iron and lowering carbon emissions.