The Swedish steel maker SSAB announced that the world’s first fossil-free steel is delivered Volvo group, automotive and construction equipment company, to drive the transition towards the sustainable production of steels.
In the recent announcement, the corporate proclaimed that it had made steel using HYBRIT technology, which implies that iron is 100% hydrogenated. The technology was developed from a partnership between SSAB, LKAB and Vattenfall to develop a method for the assembly of iron and steel without the utilization of fossil hydrocarbons.
The aim is to bring fossil-free steel to promote and demonstrate the technology on an industrial scale by 2026. With HYBRIT technology, SSAB has the potential to cut back Sweden’ total greenhouse gas emissions by around ten percent and Finland by around seven percent.
Martin Lindqvist, president and CEO of SSAB said “The first fossil-free steel in the world is not only a breakthrough for SSAB, it represents proof that it’s possible to make the transition and significantly reduce the global carbon footprint of the steel industry. We hope that this will inspire others to also want to speed up the green transition,”