Business opportunities for metals sector in offshore wind

Wednesday 14th September 2022

Theatre :  Technology, Innovation and R&D 

t3

Offshore wind is set to grow from 10.4GW in 2021 to over 40GW by 2030. With a designed lifetime of 20-25 years, the first turbines are also starting to be decommissioned. Both the manufacturing of components and the end of use management offer novel business opportunities for the metal sector.

Offshore wind turbine components consist for ca. 2/3 out of metals such as steel, iron, copper, aluminium and a smaller proportion of rare earth elements, with the remainder primarily concrete and glass fibre composites. Annual material input is forecast to rise from ca. 0.5 Mt in 2020 to 2 Mt in 2030 and, after a dip to 1.4 Mt in 2040, to peak around 3 Mt in 2055. In total 18 Mt of materials will have accumulated in offshore wind by 2030, steadily growing to 60 Mt by 2055 – roughly 40 Mt of metals.

While there is a high potential for metal sector business development, involvement of UK companies is currently below expectations. This session will introduce circular economy as a way for the UK metals sector to strategically grow market share in offshore wind.

Anne VelenturfAnne Velenturf Senior Research Fellow in Circular Economy
University of Leeds

Visitors who viewed this session also viewed


Transforming foundation industries challenge

The Transforming Foundation Industries Challenge, is a UK government funded programme investing £96 million in partnership with UK businesses to develop sustainable technologies that reduce the environmental impact of the…

Reporting on Carbon for the Metals Sector

The first step to reducing your carbon footprint is to measure it – ‘what gets measured gets managed’ An important part of this transition is helping organisations understand how and…

Advances in Offshore Pipeline Repairs

Stephen will cover the current state-of-the-art in subsea pipeline repair systems. Subsea pipelines are subjected to a range of environmental factors that can cause them to require maintenance. The session…

Decarbonising Steelmaking: Solutions and Pathways

Presentation of technologies and results from implementation of proven combustion technologies providing decarbonisation across the steelmaking operations, ready to use hydrogen now or later. The results from these installations include…

Decarbonising structural steelwork

Steel is the backbone of modern economies and underpins many industrial sectors, including construction which accounts for more than half of all steel use globally. Steel also has a vital…

©2023 UK Metals Expo Ltd. Treviot House, 186-192 High Road, Ilford, Essex, IG1 1LR | Contact us | Term of use | Privacy policy

Get in touch with us

Any queries? Please send the organiser an email and we'll get back to you, asap.

Sending

Log in with your credentials

Forgot your details?