HYBRIT honoured with World Economic Forum GAEA award in Davos
Fossil free iron- and steelmaking initiative HYBRIT received the World Economic Forum's ‘Moving Force in Business’ Award in Davos. This GAEA award, one of five, recognizes sustainable business solutions that have the potential to transform whole sectors, industries or markets. HYBRIT was launched in 2016 by steel company SSAB, mining company LKAB and energy company Vattenfall, who together own the project.HYBRIT (Hydrogen Breakthrough Ironmaking Technology), aimed to develop the first value-chain for fossil free steel, produced with fossil free electricity and hydrogen. The ambitious