ArcelorMittal (MT) announced that its coking plant ArcelorMittal Bottrop has invested in a new electrical power unit, which will help it to reduce energy usage. This cutting-edge electrical unit not only produces electricity but also doubles-up as a pressure reducing station. This technology has been effective since Sep 2013.
The electrical power unit, known as energy module, has been supplied by ENVA Systems GmbH. The module partly substitutes a pressure reducing station and uses the final energy to produce electricity for the coking plant’s wash water treatment. The energy is also used in the coking plant’s power grid and is then consumed by various machines, plant sections and pumps. The Energy Module comes with a capacity of 80 KW per hour, thus having an annual output sufficient to supply electricity to 100 four-person households.
The Energy Module can be used in any industry due to its compact design and easy tuning, both electrically and thermodynamically, to adjust to a variety of situations.
The module can also be used as waste steam utilization unit placed in front of condensers or chimneys. The application helps to squeeze the last bit of energy out of the otherwise useless steam for producing electricity in a cost-effective way.
This is a strategic move in part of ArcelorMittal as the electrical power reduces operating costs by substituting the need for steam turbines, which are comparatively costly and require expensive maintenance. The module also gives return on investment after three years. Moreover, other than the economic benefits, the new technology also helps in reducing carbon dioxide (CO2) and primary gases emissions, firming Bottrop’s environmental requirements.
ArcelorMittal currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the steel and related industries include Olympic Steel Inc. (ZEUS), ThyssenKrupp AG (TYEKF) and NN Inc. (NNBR). While NN Inc. sports a Zacks Rank #1 (Strong Buy), Olympic Steel and ThyssenKrupp AG hold a Zacks Rank #2 (Buy).
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