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SSAB, LKAB and Vattenfall Welcome Higher Ambitions to Reach Climate Targets

Steel News - Published on Thu, 12 Dec 2019

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HYBRIT's owners SSAB, LKAB and Vattenfall welcomed the higher ambitions to reach climate targets discussed at the COP25 climate summit in Madrid. The companies cite the need for powerful measures to secure industrial transition. The HYBRIT initiative for fossil-free steel production shows that zero net emissions is possible. CTO of SSAB and HYBRIT Chairman Martin Pei said “We welcome further concrete steps to reach the global climate targets. The EU has an opportunity to lead the industrial transition. A European Green Deal must include an ambitious Industrial strategy that focuses on innovation, supports the upscaling of new technologies, and facilitates access to private and public funding. It should also emphasize creating markets for low carbon products, for example through an effective ETS system, and facilitate the necessary infrastructure for fossil-free electricity and hydrogen. Our goal is to create a completely fossil-free value chain, from the mine to the finished steel product. A fossil-free steel industry has the potential to reduce the world’s total carbon dioxide emissions by 7 percent, and the transition is a necessity if we are to meet our shared climate goals.

Hybrit Development AB is a joint venture of SSAB, LKAB and Vattenfall with the aim of advancing HYBRIT technology from laboratory scale to full production scale to enable the world's first fossil-free ore-based steelmaking. By using fossil-free electricity and hydrogen instead of coke and carbon for iron ore reduction, the byproduct will be normal water instead of carbon dioxide. At Luleå in northern Sweden, HYBRIT is now building the world's first pilot plant based on direct reduction of iron ore with hydrogen, which will be ready in 2020. SSAB´s goal is a market launch of the first fossil-free steel products in 2026.

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Posted By : Rabi Wangkhem on Thu, 12 Dec 2019
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