Swiss Re Ag · SIX:SREN
Swiss Re — Investor Presentation (April 2023)
9 slides from Swiss Re's investor presentation, April 2023
Slide 1: Green Steel: Decarbonising a Hard-to-abate Sector
Green Steel: Decarbonising a Hard-to-abate Sector An underwriter’s view on the “green” steel industry – Massimo Ferrari& Jimmy Keime
Slide 2: Changes in the risk landscape
Changes in the risk landscape Production methods Supply chain Large use of Hydrogen • Regulatory pressure • Increase complexity of the supply • Hydrogen supply chain • Refurbishment of existing plants chain (upstream and downstream) • Hydrogen handling and production • Use of new and/or unproven • U
Slide 3: Hydrogen has very different properties than current chemical elements used in steel production
Hydrogen has very different properties than current chemical elements used in steel production SSG for Swiss Re Green Steel Webinar | April 2023 3
Slide 4: e.g. Leakage frequency - H2 compared to traditional fuels
e.g. Leakage frequency - H2 compared to traditional fuels Significantly higher leak rate expected for Hydrogen compared to traditional fuels SSG for Swiss Re Green Steel Webinar | April 2023 4
Slide 5: These challenges create new risks across the green hydrogen (and steel) value chain
These challenges create new risks across the green hydrogen (and steel) value chain Stages of the value chain Production Storage and transmission Usage Steam methane reforming (SMR) Pipelines BF-BOF Conventional or coal gasification New or retrofitted pipelines, H2-DRI-EAF, or BF-BOF with Greenfield
Slide 6: A few things to consider prior to start underwriting…
A few things to consider prior to start underwriting… Risk appetite ✓ Work with warranty surveyors / technical inspections services to define risk management approaches that reduce risks (e.g. combined UV/IR sensing system for invisible flames, purging systems to void H2 accumulation under ceilings,
Slide 7: Take-Away: Green Steel should be on every underwriter's radar
Take-Away: Green Steel should be on every underwriter’s radar Green Steel Global Steel … Global Steel production risks demand up 40% emissions should are interlinked by 2050… decrease by 95% with those of Green Hydrogen SSG for Swiss Re Green Steel Webinar | April 2023 April 2023 | SRI Green Steel W
Slide 8: April 2023 | SRI Green Steel Webinar
SSG for Swiss Re Green Steel Webinar | April 2023 April 2023 | SRI Green Steel Webinar 8
Slide 9: Legal notice
Legal notice ©2023 Swiss Re. All rights reserved. You may use this presentation for private or internal purposes but note that any copyright or other proprietary notices must not be removed. You are not permitted to create any modifications or derivative works of this presentation, or to use it for