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SSAB, LKAB and Vattenfall to Advocate for Zero Emissions in Iron & Steel Industries

Steel News - Published on Fri, 20 Sep 2019

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SSAB, LKAB and Vattenfall, the owners behind the HYBRIT initiative, will participate in the Climate Week NYC and UN Climate Action Summit in New York. The message they will bring is that it is possible to reach net zero emissions in the iron and steel industry and energy sector. UN Secretary-General Antonio Guterres has invited the world to a Climate Action Summit on September 23 to present concrete, realistic plans to reduce greenhouse gas to net zero emissions by 2050. There is still a window of opportunity to achieve a hold in the increase of global average temperature to well below 2°C and even, to 1.5°C above pre-industrial levels. The Summit will bring together governments, the private sector, civil society, local authorities and other international organizations to develop ambitious solutions

To demonstrate the importance of the industry for the transition to a sustainable and fossil-free society, the owners of the fossil-free HYBRIT (Hydrogen breakthrough ironmaking technology) initiative, SSAB, LKAB and Vattenfall will participate in an events prior to the Climate Action Summit and during the Climate Week. SSAB President and CEO Martin Lindqvist was invited to speak at the climate meeting on September 23.

One of the prioritized action areas identified by the UN is the transformation of industry, and especially the so-called hard-to-abate sectors, such as steel. The steel industry is one of the highest CO2-emitting industries, accounting for 7% of CO2 emissions globally, 10% in Sweden. The HYBRIT mining-iron-steel-energy value-chain aims to develop the world’s first fossil-free ore-based steelmaking technology. By replacing coal with fossil-free electricity and hydrogen, HYBRIT technology will eliminate CO2 emissions, thus creating high potential to curb emissions and help the world to mitigate climate change.

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Posted By : Rabi Wangkhem on Fri, 20 Sep 2019
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