The FINEX process is an innovative, next generation iron making technology developed by Siemens VAI and POSCO. Iron (ˈаɪɚn is a Chemical element with the symbol Fe (ferrum and Atomic number 26 The Pohang Iron and Steel Company, or POSCO ( ( ( ( based in Pohang, South Korea, is the third largest Steel producer in the world Molten iron is produced directly using iron ore fines and non-coking coal rather than processing through sintering and coke making which had been essential to traditional blast furnace methods. Sintering is a method for making objects from powder, by heating the material (below its Melting point - solid state sintering until its particles adhere Coke is a solid Carbonaceous material derived from Destructive distillation of low-ash low-sulfur Bituminous coal. A blast furnace is a type of metallurgical Furnace used for Smelting to produce metals generally Iron. Because the preliminary processing of raw materials is eliminated, the construction of the FINEX plant costs less to build than a blast furnace facility of the same scale. Furthermore, a 10-15% reduction in production costs is expected through cheaper raw materials, reduction of facility cost, pollutant exhaustion, maintenance staff and production time. In addition, it is eco-friendly in that it produces less pollutants such as SOx, NOx, and carbon dioxide than traditional medthods.
See also
External links
- Posco Commence Construction of New Steel Plant That Will Use FINEX Technology
- POSCO To Scrap 100-Year-Old Furnace Technology
- POSCO company website
- Siemens VAI