SSAB, LKAB and Vattenfall have
announced today that they are launching an initiative to solve the
carbon dioxide problem in the Swedish steel industry. Together, the
companies involved will initiate work to develop a steel production
process that emits water rather than carbon dioxide.
world is facing major challenges in the quest for a more sustainable
society. SSAB's existing production system is already one of the world's
most efficient in terms of carbon dioxide emissions. Nevertheless,
existing steelmaking technology using coke plants and blast furnaces
means SSAB is Sweden's largest single source of carbon dioxide
SSAB, LKAB and
Vattenfall together are prepared to assume major responsibility to find a
long-term solution to the carbon dioxide problem in the steel industry.
Consequently, the companies concerned have announced today that they
are launching a joint industrial development project to create steel
production that emits water instead of carbon dioxide.
specialized, innovative steel industry, access to fossil-free
electricity and the highest-quality iron ore in Europe, Sweden is
uniquely placed for such a project.
and sustainability have been a part of SSAB's long-term strategy for
many years. But we want to do even more. Under this initiative, we will
take responsibility to solve long-term the problem of carbon dioxide in
the steel industry,' states Martin Lindqvist, President and CEO at SSAB
'LKAB makes iron
ore products using processes that require less energy and result in
fewer emissions than the majority of our competitors. Our focus lies on
also optimizing our customers' processes. This drive for
carbon-dioxide-free ironmaking will be a significant contribution to
sustainability,' says Jan Mostr?m, President and Group CEO at LKAB.
'It is very
pleasing to take part in an initiative to secure the future of one of
Sweden's important branches of industry by using carbon-dioxide-free
electricity to replace fossil fuel in steel production. This is the
start of a highly interesting, climate-friendly development project that
benefits our partners, Vattenfall and not least the climate,' says Magnus Hall, President and CEO at Vattenfall.
The project will
also mean a major contribution to a fossil-free Sweden. Implementation
of the project will also require national contributions from the state,
research institutions and universities over the next 20-25 years.
'Sweden has the
chance to take the lead in this matter. No other country in Europe has
the same opportunity thanks to the competence of our three companies and
country's unique natural resources. Nevertheless, success requires
strong political involvement and commitment. Our three companies have a
clear future vision: together we can create a more sustainable future,
where one of the goals is steel without coal,' Martin Lindqvist