With the new process route in place, more construction steel billets will be continuously cast at this site, gradually replacing ingot casting. It is planned to produce 2.8 million t/a of quality billets.
The scope of supply of SMS group S.p.A. will include two twin-ladle furnaces with a capacity of 160 t each, a water treatment plant, a material handling system and a fume treatment plant. SMS Concast, an SMS group company, will supply two six-strand continuous billet casting plants. The material flow between the six existing BOF converters and the new plants will be visualized in advance using a powerful logistics simulation tool to ensure optimum productivity levels and prevent any bottlenecks.
SMS group offers a cost-efficient process solution that ensures both high plant availability and a quick return on investment. By changing the process route to continuous casting, with its increased yield ratio and significant energy savings, the plant will be capable of producing higher-quality billets at a lower cost. Final commissioning of all the equipment supplied by SMS group is scheduled for the first quarter of 2019.
(Source: SMS group)
Tulum Energy Secures $27 Million in Venture Financing to Rapidly Scale Groundbreaking Turquoise Hydrogen Technology
Tulum Energy, a pioneering methane pyrolysis startup, has successfully closed a $27 million venture financing round. This significant investment, led by CDP Venture Capital (through its Green Transition Fund) and TDK Ventures and a global consortium of prominent investors including Tulum’s founder TechEnergy Ventures, MITO Technology, through the MITO Tech Ventures fund, and Doral Energy Tech Ventures, underscores strong confidence in Tulum Energy’s innovative approach to clean hydrogen production.