FINEX

The FINEX process is an innovative, next generation iron making technology developed by Siemens VAI and POSCO. 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. 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.

ee also

* Steel making

External links

* [http://www.azom.com/details.asp?ArticleID=2597 Posco Commence Construction of New Steel Plant That Will Use FINEX Technology]
* [http://english.ohmynews.com/ArticleView/article_view.asp?menu=A11100&no=183045&rel_no=1&back_url= POSCO To Scrap 100-Year-Old Furnace Technology]
* [http://www.posco.com/ POSCO company website]
* [http://www.siemens-vai.com Siemens VAI]


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Look at other dictionaries:

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  • Sean McNamara (businessman) — Sean McNamara is a co founder and managing director of Roundstone Advisors.McNamara has served as a board of director for New York Stock Exchange’s Futures subsidiary (1984 1988) and chairman of FINEX Europe (1994 1996) and FINEX (1996… …   Wikipedia

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