This company has delivered the world's first fossil-free steel

A general view of Hybrit's pilot plant producing fossil-free steel in Lulea, Sweden is seen in this undated handout photo.

HYBRIT started test operations at its pilot plant for fossil-free steel in Lulea, northern Sweden, a year ago. Image: REUTERS

Reuters Staff
Share:
A hand holding a looking glass by a lake
Crowdsource Innovation
Get involved with our crowdsourced digital platform to deliver impact at scale
  • The first customer delivery of fossil-free steel has just been delivered in Sweden.
  • HYBRIT, who produced the steel, started test operations at its pilot plant in northern Sweden a year ago.
  • The aim is to dramatically reduce carbon emissions of the steel industry, which currently accounts for 8* of global emissions.

Swedish green steel venture HYBRIT said that it had made the world's first customer delivery of steel produced without using coal as it looks to revolutionize an industry that accounts for around 8% of global greenhouse gas emissions.

HYBRIT, owned by SSAB (SSABa.ST), state-owned utility Vattenfall (VATN.UL) and miner LKAB, said it would deliver the steel to truck-maker Volvo AB (VOLVb.ST) as a trial run before full commercial production in 2026.

"I'm happy to be minister for enterprise and energy in a country where industry is bubbling with energy for a (green) reset," Ibrahim Baylan, Minister for Business, Industry and Innovation, told a press conference on Wednesday.

HYBRIT started test operations at its pilot plant for fossil-free steel in Lulea, northern Sweden, a year ago.

It aims to replace coking coal, traditionally needed for ore-based steel making, with fossil-free electricity and hydrogen. Hydrogen is a key part of the EU's plan to reach net zero greenhouse gas emissions by 2050.

SSAB, which accounts for 10% of Sweden's and 7% of Finland's carbon dioxide emissions, said the trial delivery was an "important step towards a completely fossil-free value chain".

"The goal is to deliver fossil-free steel to the market and demonstrate the technology on an industrial scale as early as 2026," it said in a statement.

Have you read?

Another green steel venture, H2 Green Steel, is planning to build a fossil fuel-free steel plant in the north of Sweden, including a sustainable hydrogen facility, with production starting in 2024.

Volvo said in April it would start production this year of prototype vehicles and components from the green steel.

Don't miss any update on this topic

Create a free account and access your personalized content collection with our latest publications and analyses.

Sign up for free

License and Republishing

World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.

The views expressed in this article are those of the author alone and not the World Economic Forum.

Share:
World Economic Forum logo
Global Agenda

The Agenda Weekly

A weekly update of the most important issues driving the global agenda

Subscribe today

You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.

About Us

Events

Media

Partners & Members

  • Join Us

Language Editions

Privacy Policy & Terms of Service

© 2024 World Economic Forum