FINEX Process - Merits and Benefits

As said FINEX, COREX, HISMELT are the latest alternative methods for producing liquid iron (Hot Metal) through Smelting Reduction (SR) process. Some of the limitations (disadvantages) are -

  • Ease of obtaining FINEX technology is uncertain though POSCO has started to extend it.
  • Both COREX and FINEX processes need a large amount of oxygen.
  • The major criteria for an initial evaluation of coals or coal blends for the FINEX Process are: 1. Fix carbon content at a minimum of 55%, 2. Ash content up to 25%, 3.Volatile content lower than 35%, 4. Sulphur content lower than 1%​
  • Additional to these qualities the coal must have a good thermal stability to ensure the formation of a stable char bed in the melter gasifier.  

What is FINEX ?

of fluidized bed reactors, fine-grained iron oxides are reduced to direct-reduced iron, compacted and then transported to a melter gasifier. Coal and coal briquettes charged to the melter gasifier are gasified, providing the necessary energy for melting in addition to the reduction gas. Fine ore and additives (limestone and dolomite) are dried and then charged to a 3 or 4 stage fluidized bed system where the iron ores are progressively reduced in counter current flow with the reducing gas to fine DRI and the fine additives are partly calcined.

Reactors R4 and R3 are primarily used to preheat the ore fines to the reduction temperature, which can be adjusted by partial combustion of the off-gas (export gas) from R2. In R2 the fine ore is pre-reduced to reduction degree (RD) of about 30%. At the end of the production in R1, the final reduction to DRI takes place (RD about 90%). Operational pressure in R1 to R4 is approximately 4 - 5 bars. The fine DRI is compacted and then charged in the form of Hot Compacted Iron (HCI) into the melter gasifier. So, before charging to the melter gasifier unit of the FINEX unit, this material is compacted in a hot briquetting press to give hot compacted iron (HCI) since the melter gasifier cannot use fine material (to ensure permeability in the bed). Non-coking coal (lumpy and / or briquetted fines) is charged from the top of the melter gasifier, dried and degassed in the upper char bed area and finally the degassed coal (char) is gasified with pure oxygen which is blown in at the tuyere zone of the melter gasifier bed. The gasification supplies the energy required for the metallurgical reactions and for the melting of HCI and coal ash to hot metal and slag. Pulverized coal injection (PCI) system is provided to inject fine coal via the oxygen tuyeres. The gas generated in the melter gasifier of the FINEX unit is used to reduce the ore in the reactors preceding the melter gasifier. The generated FINEX off-gas is a highly valuable product and can be further used in power generation or heating processes. The DRI is charged in the melter gasifier in hot condition, where it is melted, fully reduced and carburized to hot metal. The hot metal and slag produced in the melter gasifier is frequently tapped from the hearth similar to the blast furnace and COREX operations. Also refer :  COREX Process of Iron Making - its Merits and Demerits.

Figure: FINEX Process Flow Sheet

The FINEX is the latest addition and an optimized fine-ore smelting reduction (SR) iron making process based on the direct use of the coal and iron ore fines. FINEX Process is a fluidized bed based process using ore fines instead using iron ore lumps and pellets. This is a process with great potential with regard to productivity and the low cost production of hot metal.

In 1992, POSCO and VAI, Austria signed an agreement to work together for a joint development of the FINEX Process. And accordingly, FINEX process was developed jointly by POSCO, Korea and Primetals Technologies to provide the iron making sector with the capability of producing (hot metal) at a reduced cost, lesser environmental pollutions and more flexibility in terms of operation and the choice of raw materials. Primetals Technologies Limited, is a joint venture of Siemens VAI Metals Technologies and Japan’s Mitsubishi Hitachi Metals Machinery (MHMM). 
The present article contains about:

  • What is Finex process
  • Benefits or Merits of this technology
  • Some limitations or disadvantages of Finex technology


For details about the Steel plants with FINEX process in operation as how these FINEX plants were started and subsequent developments and changes brought in those FINEX plants visit: 

Development of FINEX Process and Steel Plants with FINEX in Operation 

In many respects FINEX process can be considered as an offshoot of COREX process and hence, bear the various advantages of the COREX and more as outlined below -  
      Flexibility in Raw Materials

  • No blending of ore & coal. Rather direct utilization of coal.​
  • Use of Low-grade ore & low-ranked coal. Integration of the coal briquetting technology increases the range of suitable coal blends for the FINEX application. Utilization of 100% coal briquettes offers the possibility to mix different coal qualities for the generation of coal briquettes.

FINEX Process of Iron Making - An Overview

In the FINEX process the iron production is carried out in two separate Process steps. In a series  

      Easy & Flexible Operation

  • Independent control of reduction & melting processes
  • Easy & hassle-free operational control

      Environmental Friendliness

  • Far less emission of SOx, NOx, phenols, sulphides, ammonia & dust because the FINEX process does not need sinter plant and the coke oven battery which are the actual sources of emission in a conventional blast furnace route. The generation of SOx emission level is 19%, NOx emission level is 10% and the dust emission level is 52% of the levels achieved in steel plants with blast furnaces and having environmentally friendly BAT technologies.
  • ​Furthermore, in FINEX process the sulfur mostly present in coals reacts with limestone to form Calcium Sulphide (CaS), which is bound in the slag and comes out in liquid slag. Hence there is no possibility for SOx to escape into the atmosphere.
    NOx emissions rarely occur in the FINEX process as the metallurgical reactions take place in the reducing atmosphere in contrast to the oxidizing atmosphere existing during the sintering and coking processes as well as in the hot blast stoves of the blast furnace. 

  • Dust emissions are also low due to the closed nature of the FINEX plants.
  • Applicability to the CO2 sequestration

      Cost Competitiveness

  • Lower cost in both capital investment & operation as compared to the blast furnace route, keeping the quality of the hot metal same.​
  • According to POSCO, the capital cost & operating cost of FINEX process are less than by 20 and 15 percent respectively of that of Blast Furnace route.
  • Need much less land as compared to conventional BF complex​
  • Similar to the Corex export gas, FINEX export gas (with calorific value of 5,500 – 6,250 kJ/m3 STP) can be used to substitute natural gas, oil, coke and coal for metallurgical applications and power generations etc. Depending on the composition of coal and the decision whether gas recycling is applied or not, the amount and the composition of the export gas can vary within definite limits.
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The FINEX Process of Iron Making - Features, Merits and Limitations

Limitations (Demerits) of FINEX Process