SSAB and Fortum explore possibilities for the production of hydrogen-reduced sponge iron in Raahe
SSAB and Fortum will launch a FEED* study to explore the possibilities of making hydrogen-reduced sponge iron also in Raahe.
The FEED study will explore the possibilities of making fossil-free sponge iron at an industrial-scale in Raahe and of building a hydrogen production plant. The study is scheduled to complete in the first quarter of 2024.
The initiative is a natural continuation to an ongoing joint research project FFS – Towards Fossil-free Steel, which began in February 2021 and is supported by Business Finland.
In January 2022, SSAB's Board of Directors made a policy decision to transform Nordic strip production and to make it largely carbon dioxide-free in around 2030. During 2022, SSAB made and delivered 500 tonnes of fossil-free steel.
March 2023 saw another important step when SSAB introduced SSAB Zero, a carbon dioxide-free steel based on recycled scrap and made using fossil-free energy. When SSAB converts the Oxelösund mill, it will be able to use a flexible mix of fossil-free sponge iron and scrap as the raw material to produce steel without carbon dioxide emissions, starting in the fourth quarter of 2026.
*FEED = Front-End Engineering Design, is an engineering design approach used to control project expenses and thoroughly plan a project before a fixed bid quote is submitted.
For further information, please contact:
Viktoria Karsberg, VP Head of Corporate Identity and Group Communications, +46 72 233 5288
Hanna Hoikkala, press officer SSAB, hanna.hoikkala@ssab.com, +46 73 655 1117
SSAB is a Nordic and US-based steel company. SSAB offers value added products and services developed in close cooperation with its customers to create a stronger, lighter and more sustainable world. SSAB has employees in over 50 countries. SSAB has production facilities in Sweden, Finland and the US. SSAB is listed on Nasdaq Stockholm and has a secondary listing on Nasdaq Helsinki. www.ssab.com.
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