Green steel and beyond

Ecological Footprint

Did you know, May 5th is Germany´s Overshoot Day? That means from January 1st until May 5th, German residents have -per person- used as much from nature as the planet is able to renew per person in the entire year. The dates are calculated by the Footprint Data Foundation, York University and Global Footprint Network.

A postponement of the date of Overshoot Day is possible: if we redesign our infrastructures, make processes significantly more resource-efficient, decarbonize energy systems, and bind CO2.

Decarbonizing the economy

The best possible chance to address climate change is to decarbonize the economy. This would also vastly improve the balance between our Ecological Footprint and the planet’s renewable resources.

More than 60 million tons CO2 equivalent are emitted by the German steel industry alone each year. The main amount of this results from the production of coke and the production of hot metal in the blast furnace.
To reduce greenhouse gas emissions from steel production, several large industry decarbonization projects have emerged all over Europe. So, Green Steel is the current topic No 1.

Due to varying systems, the concrete emission contingent of ancillary facilities is uncertain. Unquestionable is that they produce large volume of CO2, as well.
That is where our solutions step in to support a smoother running and more efficient production with a reduction of yield losses in the smelting, casting and hot rolling operations.

That´s mecorads contribution to a cleaner future.

Investor SBG onboarded

mecorad has great news to share: We successfully onboarded a new investor.
With Saxony´s investment company SBG we will take our growth path to a higher level.

The deal comes as the final achievement in the TUCLab from whom we received so much support over the last year in further developing our company and the wtl series – our IIoT radar-based and highly flexible measurement solution for hot metals forming.

Upon announcing this, we also want to say a big thank you to our current investor FTTF & EIT Raw Materials.
Their assessment of our technology and its benefit to our customers planted the seed of trust during due diligence. Especially the EIT Raw Materials Booster in response to the COVID-19 crisis has to be mentioned as greatly supportive in striking this latest deal.

Our wtl series proves its reliable measurements of geometries with micrometer accuracy under a steel mill’s harsh conditions, such as extreme heat, fumes, dirt and vibrations. By processing the data with our analytic software, it enables better process transparency and significant reductions in scrap waste and downtime. Thus, CO2 emissions for unnecessary heating of the material can be reduced whilst a higher quality of products is achieved at the same time during hot forming.

Find more about our partner SBG here.