Swedish steelmaker Ovako converts to carbon-neutral offering, eyes zero emissions
Ovako to offer 100% carbon-neutral steel, premium to fund hydrogen projects.
Ovako to offer 100% carbon-neutral steel, premium to fund hydrogen projects.
Steelmaker Tata Steel’s Ijmuiden facility, near Amsterdam, will adopt hydrogen-fed direct reduced iron (DRI) production to decarbonise its output, opting against carbon capture and storage (CCS).
Integrated steelmaker US Steel will begin exploring locations for a new 3mn short ton (st)/yr flat-rolled electric arc furnace (EAF) steel mill as it transitions to more scrap-based steelmaking.
ArcelorMittal has received a German state funding pledge for half the 110 million euros ($131 million) it plans to invest in a demonstration steel plant that will use hydrogen produced with renewable electricity.
Mercedes-Benz has launched a partnership with the Swedish steel manufacturer SSAB for CO2-free steel. The first prototype parts for body shells made of CO2-free steel are already being planned for next year.
Swedish green steel venture HYBRIT said that it had made the world’s first customer delivery of steel produced without using coal as it looks to revolutionize an industry that accounts for around 8% of global greenhouse gas emissions.