SSAB selected by U.S Department of Energy to explore possibilities for production of fossil-free steel in the U.S.
SSAB has been selected for awards negotiations for up to 500 MUSD in funding from the U.S. Department of Energy for a potential construction of a HYBRIT® manufacturing facility, capable of producing fossil free iron by using green hydrogen instead of fossil fuels. The project will also explore the possibility to expand capacity and capability at SSAB’s steel manufacturing operations in Montpelier, Iowa, including increased use of renewable energy.
“We are pleased to have our project selected by the DOE for negotiations to accelerate decarbonization of the iron and steel sector. We see a great interest in sustainable products from the market and this project offers a critical opportunity to solidify a first-mover advantage for the U.S. industry,” says Chuck Schmitt, President of SSAB Americas.
This initiative would enable SSAB to expand its sustainable domestic supply chain for steel products and also to advance the U.S. renewable energy transition objectives in response to the Bipartisan Infrastructure Law and the Inflation Reduction Act.
In January 2022, SSAB's Board of Directors made a policy decision to transform the production system in Sweden and Finland and make it largely carbon dioxide-free. In 2021, SSAB started to produce and deliver smaller volumes of fossil-free steel through the HYBRIT pilot plant in northern Sweden. In 2023, SSAB introduced SSAB Zero, a carbon dioxide-free steel based on recycled scrap and using fossil-free energy.
For further information, please contact:
Gunilla Hjalmarson, Head of External Communications at SSAB, gunilla.hjalmarson@ssab.com, phone: 46 76 117 91 85
Leigh Perry-Herndon, Director of Communications at SSAB Americas, leigh.perry-herndon@ssab.com, phone: +1 251-377-5438
SSAB is a Nordic and US-based steel company that builds a stronger, lighter and more sustainable world through value added steel products and services. Working with our partners, SSAB has developed SSAB Fossil-free™ steel and plans to reinvent the value chain from the mine to the end customer, largely eliminating carbon dioxide emissions from our own operations. SSAB Zero™, a largely carbon emission-free steel based on recycled steel, further strengthens SSAB’s leadership position and our comprehensive, sustainable offering independent of the raw material. SSAB has employees in over 50 countries and production facilities in Sweden, Finland and the US. SSAB is listed on Nasdaq Stockholm and has a secondary listing on Nasdaq Helsinki. Join us on our journey! www.ssab.com, Facebook, Instagram, LinkedIn, X and YouTube.
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