Reducing Risk in New Green Steel Projects - The Wasmund Approach

Abstract

In 2011, Hatch’s Dr. Bert Wasmund published an informative paper ‘Implementing New Technologies in Metallurgical Processes: Building Plants that Work’. Wasmund reviewed projects that featured new metallurgical technologies with a focus on success factors that led to a rapid plant ramp-up and met stakeholder expectations. Today, adopting Wasmund’s approach will be crucial to successfully implement emerging green steelmaking technologies and related facilities. This includes Hatch’s Continuous Reduced Iron & Steel Process (CRISP+), where large electric smelting furnaces will process direct reduced iron into carbon containing hot metal, replacing blast furnace ironmaking. Hatch’s CRISP+ development approach is reviewed to illustrate the application of the principles that Wasmund highlighted to provide successful outcomes when new technology is deployed.