Green Light For Fossil-Free Steel In Oxelösund
The title of this post, is the same as that of this article on Market Screener.
These are the first two paragraphs.
Green light for fossil-free steel in Oxelösund The Land and Environment Court has decided to grant SSAB Oxelösund an environmental permit to convert its steelmaking operations and reduce carbon dioxide activities by 2025. This also means that we will take a step nearer towards fossil-free steel production across SSAB in 2045.
This is an historic decision in many ways. It is the first time that Oxelösund has applied for changes in production to reduce carbon dioxide emissions. Use of sponge iron made through HYBRIT technology, together with scrap iron as feedstock instead of iron ore and coal, will enable SSAB to reduce emissions in Oxelösund by around 80%.
Hydrogen steelmaking processes are surely the future of steelmaking, as they can be made zero-carbon.
It will need a lot of hydrogen and I can see processes like Shell’s Blue Hydrogen Process being ideal to produce the hydrogen.
But will China and the other countries that produce cheap steel, turn to hydrogen steel-making?
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