The Swedish company SSAB was the first in the world to create and organize the supply of “green steel”, in the production
During the hybridization process, the company used hydrogen as a reducing agent, and the traditional blast furnace was replaced with an electric arc furnace.
The company is wary ofthe term “green”, since there is no official definition or standards to which production could be adjusted. Therefore, new steel is labeled as being made without the use of fossil fuels or fossil raw materials. There are no CO2 emissions during the production of such steel.
The resulting metal is of exactly the same qualitylike regular steel, but the price is higher. The consignment of metal was delivered to Volvo: it is planned to be used for the production of electric vehicles. The terms of the deal have not yet been disclosed, so the cost of the new species has become unknown.
SSAB said it plans to begin large-scale production of its steel in 2026 and to completely eliminate fossil fuels from its production cycle by 2045.
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