H2 Green Steel cooperates with GreenIron H2 for recycling of iron residual and waste
H2 Green Steel and GreenIron H2 have agreed to collaborate to achieve further emission reduction and increased circularity in H2 Green Steel’s plant in Boden in Northern Sweden.
GreenIron H2 is a Swedish startup focused on cost efficient CO2-free reduction of metal oxides to pure metals. Its hydrogen-based CO2-reduction process will be used to recycle iron residuals and waste from H2 Green Steel’s operations. GreenIron H2 will place its furnaces on H2 Green Steel’s site in Boden, where residuals such as oxidized scale and waste materials from the production will be collected and refined with green hydrogen through GreenIron H2’s patented process. The output will be full value metals that can be re-instated in the steelmaking process. Up to 150 000 tonnes of waste and residual will be collected and recycled every year.
“GreenIron has a patented technology and a business model that matches our purpose well. This collaboration is a solid example of two startup companies working together for the good of the planet – one of H2 Green Steel’s five stakeholders”, says Henrik Henriksson CEO H2 Green Steel.
Both companies share a vision of a fossil free industry and use renewable electricity and green hydrogen to ensure a low or zero carbon emission-process. The agreement between the two companies aims to set a model steel plant for the future by addressing the circularity of iron materials.
“We are very focused on achieving a rapid transition toward a more climate friendly industrial structure. At GreenIron we are proud of the possibility to strengthen Sweden’s position as the global front runner in fossil free industry and create new green jobs. To achieve this, collaboration is very important, and we applaud the opportunity to work with an exciting company as H2 Green Steel on this. Together we will make a significant positive climate impact”, says Edward Murray, CEO GreenIron H2 AB.
For further information
Karin Hallstan, Head of Public and Media Relations, phone: +46 76 842 81 04, email: press@h2greensteel.com
About H2 Green Steel
H2 Green Steel (H2GS AB) was founded in 2020 with the ambition to accelerate the decarbonization of the steel industry, using green hydrogen. Steel, which is one of the world’s largest carbon dioxide emitters, is the company’s first business vertical. The founder and largest shareholder of H2 Green Steel is Vargas, which is also co-founder and one of the larger shareholders in Swedish battery maker Northvolt. H2 Green Steel is headquartered in Stockholm, Sweden, with its first green steel plant under development in Boden, northern Sweden. www.h2greensteel.com
About GreenIron
GreenIron H2 AB is a privately held company with patented and proven energy efficient technology to reduce metalloxides to pure metal. The process is suitable for the creation of metals from ore, residuals and waste. The technology is hydrogen based with only water as emission. When using GreenIrons process in conjunction with a steel mill you can, without any CO2 emissions, create prime iron-based metals for reintroduction to the steelmaking process from the waste and residuals formed in the steelmaking process. GreenIron enables a fully circular resource usage on site. GreenIron has a strong focus on minimizing CO2 emissions and strive to create circular business models with minimized CO2 emissions and high resource efficiency. www.greeniron.se.
