Carbon-dioxide-free steel industry initiative was launched at a press conference on April 4
The happiest person at today’s the press conference in Stockholm was Mikael Damberg, Swedish Minister for Enterprise and Innovation. “I am very excited today and welcome this important project,” he said at the press conference where SSAB, LKAB and Vattenfall presented their initiative to promote carbon-dioxide-free steel production.
SSAB’s CEO Martin Lindqvist opened the press conference by telling about the role of steel in society and SSAB’s vision of working towards a more sustainable world. SSAB now presented a new project where the long-term goal is to reduce carbon-dioxide emissions to zero.
Jan Moström, President and Group CEO at LKAB, which supplies SSAB with iron ore, confirmed that LKAB has the same goal and that the company will participate in the project.
Magnus Hall, President and CEO at Vattenfall, emphasized the possibility to increase carbon-dioxide-neutral production in Sweden. Together with e-cars, this will contribute greatly towards a fossil-free society. “We are also happy to be able to participate in this project,” said Magnus Hall, who believes that the rest of the world will also be interested in the technology involved.
The new process is based on using hydrogen instead of coal to reduce iron ore. However, it will take perhaps as much as 20-25 years before the technology employed can be used on an industrial scale. A pre-feasibility study is now underway, after which a pilot project can be launched and gradually a demonstration plant can be built.
“With its modern steel industry, access to carbon-dioxide-free electricity and outstanding research capabilities, Sweden has a good opportunity,” said Martin Lindqvist.
Mikael Damberg said that it was a great day and hoped that this would be the technology of tomorrow that would make the Swedish steel industry more competitive. He also pointed out the opportunity for development into a European project, with Sweden now taking the lead. “Sweden can take the global lead in more sustainable steel production,” said Damberg.