The world’s leading steel makers have announced pledges to reduce emissions, aiming for net-zero by 2050 or sooner. They are committing to various new technologies still not proven at scale: making steel with hydrogen, and some with strategies that include carbon capture. They are putting their money where their mouth is. The list is impressive and includes ArcelorMittal (the world #1), ThyssenKrupp, Voestalpine, SSAB/LKAB/Vattenfall, Nippon … [Read more...]
HYBRIT project: Sweden goes for zero-carbon steel
Europe’s largest iron ore producer, LKAB of Sweden, plans to invest almost €40bn over the next two decades in emissions-free steel production. LKAB, along with Vattenfall and SSAB, are behind the HYBRIT project which intends to grow, fossil-free, Sweden’s steel industry. They will use hydrogen instead of coal as the “reducing agent” to remove the oxygen from the iron ore. Thomas Koch Blank at RMI runs through their strategy and the implications … [Read more...]
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