WISCO’s Low-carbon Transformation Based On LEAP And Scenario Analysis

Abstract

The paper takes Wuhan Iron and Steel Co., Ltd. (hereinafter referred to as “ WISCO “) energy consumption and carbon emissions as the research object, and analyzes WISCO’s carbon emissions. Through the construction of WISCO’s Long range Energy Alternatives Planning system (hereinafter referred to as LEAP) prediction model for energy consumption and carbon emissions, three scenarios have been set up: a baseline scenario, an energy efficiency improvement scenario, and an energy structure change scenario to measure WISCO’s carbon emissions. Based on the results of the LEAP model, this article puts forward the following recommendations for WISCO’s low-carbon transformation. WISCO must strictly control steel output.WISCO should introduce electric furnaces to increase the proportion of electric furnace steel. While ensuring the supply of scrap steel resources, WISCO ought to use scrap steel efficiently. In addition, introduction of hydrogen direct reduction iron technology is also crucial to WISCO in a planned way.