Tag: sustainability

FerroSilva has a letter of intent in place with Ovako for land use, as well as an offtake agreement for parts of its future production of fossil-free sponge iron.

It is common knowledge that producing steel is highly carbon intensive, and there is no alternative to this indispensable material. Traditionally, one metric tonne of steel results in 1.8 metric tonnes of CO₂ emissions, on average, and steel production accounts for about 8 per cent of global CO₂ emissions. At the same time, every tonne of steel is infinitely recyclable, making it the flag-bearer of the circular economy.

The agreement will cover delivery of green steel from H2 Green Steel’s plant in Boden, Sweden, to Marcegaglia’s operations in Southern Europe, UK and Poland.

SSAB and Cargotec continue their work together to reduce climate impact in cargo and load handling solutions.

RWE and Siemens Gamesa have agreed to introduce 36 GreenerTowers at the 1,000-MW Thor offshore wind power project in Denmark.

“Get rid of CO2 but retain established production processes and value chains as far as possible” - the motto is embedded into the fabric of thyssenkrupp Steel’s climate strategy. The company endeavours to step into a hydrogen-powered green future while staying in the upper echelons in terms of the quality of steel grades.

BILSTEIN GROUP, a technology-driven solutions provider, was an early investor in H2 Green Steel and one of its first customers to sign an off-take agreement for green steel.

With iron and steel accounting for more than seven per cent of global emissions, technological innovation will be vital to the industry achieving net zero emissions.

“Manufacturing steel is one of the largest industrial sources of greenhouse gas emissions. Boston Metal is working on a clean way to make metal that could revolutionise the steel industry and help fight climate change,” Bill Gates describes Boston Metal, the American start-up backed by his $1 billion fund, Breakthrough Energy Ventures.

SSAB Zero™ is a fossil carbon emission-free steel based on recycled steel and produced using fossil-free energy, without carbon emission offsetting and mass balancing allocation of emission reductions.