The need to reduce ironmaking costs, increase raw material and operational flexibility, and fulfill ever-stricter environmental regulations count among the decisive reasons behind the co-development of the FINEX® (hereinafter written as Finex) process by the Korean steel producer POSCO and Primetals Technologies. Starting with a 600,000 t/a demonstration plant, Finex technology has evolved to a production facility with an annual output of approximately 2 million tons. This article outlines the operational and production benefits of the Finex F-2.0M facility, which was commissioned at POSCO's Pohang steelworks more than two years ago.
Evolution of the FINEX Process
The first commercial Finex plant (F-1.5M model) was designed with an annual hot-metal production capacity of 1.5 million tons. Started up in April 2007, its economic feasibility as an alternative ironmaking process to the blast furnace could be quickly confirmed. The blow-in of the F-2.0M (2 million t/a) Finex plant in January 2014 and the successful production of hot metal since that time have proven that the Finex process is a viable and competitive alternative to the conventional blast furnace ironmaking route with coking and sintering plants.
A view of the Finex Plant in Pohang, Korea.
Design Modifications of the FINEX F-2.0M Plant
The design of the third-generation Finex plant features simplified plant construction and a lower overall weight compared to the F-1.5M plant concept. The following main design and process improvements were implemented:
- Pneumatic ore charging to a 3-stage (as opposed to the previous 4-stage) fluidized-bed reactor system, resulting in a 30% lower building height
- Simplified design of the hot-compacted iron (HCI) plant for the compacting of direct-reduced ore and additives
- Installation of a dry-dedusting system in the HCI plant
- Elimination of the HCI bin and associated top-gas system in the melter-gasifier tower
- Installation of a center-positioned dynamic Gimbal Top distribution system at the top of the melter gasifier for the uniform charging of HCI, coal, and additives into the melter gasifier
With these design and process improvements, the overall construction weight of the Finex F-2.0M facility was reduced by approximately 9% compared to the Finex F-1.5M plant, with no increase in the overall plant footprint. During the construction period of 31 months from groundbreaking to blow-in, roughly 77,000 tons of steel structure, equipment, piping, and refractories were installed. Around 1,600 km of cables were laid, and some 16,000 I/O (input/output) signal checks were carried out.
First Two Years of Hot-Metal Production with the FINEX F-2.0M Plant
Following the plant start-up in January 2014, process and production parameters were optimized and production was gradually ramped up to design capacity. Productivity of the F-2.0M Finex plant reached its target value of 5,760 t/d in April 2014. Since then, all other key operational targets were met and a plant availability of >95% was achieved during the first two years of production operations. Figure 3 shows the cumulative hot-metal production of the F-2.0M Finex plant during a 23-month period that extended from February 2014 to the end of December 2015. Figure 4 depicts the specific fuel consumption during the same period, and Table 1 shows typical consumption figures of the Finex F-2.0M plant with an annual hot-metal production of 2 million t/a.
Planned Energy Savings and Environmental System Installations
POSCO's Finex F-2.0M plant will be additionally equipped with a waste-heat recovery system, a dry-dedusting unit, and a top-gas pressure-recovery turbine (TRT) with the objective to further enhance overall energy efficiency and environmental compatibility of this ironmaking facility. Start-up and commissioning are scheduled to commence in May 2017.
A Bright Outlook for FINEX Technology
Finex is the world’s only hot-metal production process that is based on the direct use of iron ore fines and non-coking coal. As proven at the Pohang steelworks of the Korean steel producer POSCO, Finex represents a highly competitive alternative to the conventional blast furnace route and offers producers decisive environmental advantages. Since the introduction of this technology in 2003, a total of more than 22 million tons of hot metal have been tapped from all Finex plant variants as of the end of April 2016. Currently, new Finex plant installations are under consideration for iron- and steelworks in China, India and Iran.
