Sweden revolutionises its steel industry with first fossil- free plant

A newly established venture is working to establish a first-of-its-kind pilot steel plant to be fuelled with hydrogen, aiming to turn Sweden’s steel industry fossil fuels free by 2035.

The ‘HYBRIT- Towards fossil-free steel’ project was established in 2016 when Vattenfall- the Swedish state-owned utility partnered with the Swedish steel manufacturers SSAB and LKAB.

The goal is to have provided the solution for a carbon-free steel industry by 2035; this is expected to reduce Sweden’s carbon emissions by 10 percent and Finland’s by 7 percent, as the venture is considering expanding the initiative to the neighbouring country.

In June 2017, the venture launched a pre-feasibility study that concluded that fossil-free steel could be 20-30 percent more expensive. However, they are confident that it will be able to compete with conventionally produced steel in the future as clean energy prices continue to fall and carbon pricing keeps increasing.

Read the original article from Climate Action here.