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Green steel- a huge opportunity

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Swedish steel maker SSAB has announced a joint venture with iron ore producer LKAB and utility Vattenfall. The purpose of this partnership is to develop the world’s very first fossil-free, iron ore-based steelmaking process. The by-product created when using fossil-free electricity and hydrogen, instead of coke and coal in steelmaking, is water instead of carbon dioxide.

The plan is to establish a demonstration plant at scale in 2026.  The project has the potential to cut Sweden’s total carbon dioxide emissions by ten per cent.

https://rmi.org/green-steel-a-multi-billion-dollar-opportunity/



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IdeaSpies @ 2020.10.03 3:07 AM
Green steel ideas on IdeaSpies https://www.ideaspies.com/search?q=Green+steel


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