SSAB welcomes the proposal by MEP
Fredrik Federley that money be allocated to an innovation fund aimed at
strengthening industry in Europe and providing support to initiatives to
make industry less CO2-intensive.
is a positive sign that there is understanding in political quarters
that major investments are required in order to develop CO2-free
technical solutions. This is in line with the request we made when, a
few weeks ago, together with LKAB and Vattenfall we launched our project
to develop CO2-free iron production,' says SSAB's CEO Martin Lindqvist.
'As we've said previously, the EU must have an emissions system that is
structured to benefit those companies that are at the forefront in
terms of mitigating environmental impact and the system must also make
it possible for us to develop new technical solutions,' continues Martin
Lindqvist. 'At the same time as we welcome this proposal on an EU
level, it's also important for us to provide a reminder that this cannot
replace the responsibility of Swedish politicians and government
agencies to support initiatives that can contribute to a fossil-free
Federley has today proposed that an innovation fund be created with
money from the EU's emission rights trading system (ETS) and that the
fund make financial contributions to the development of a climate-smart
Sweden, LKAB, SSAB and Vattenfall have presented ideas to develop steel
production free from CO2 emissions by 2045; this requires technical
development and, therefore, the fund should go in and provide support,'
says Fredrik Federley.
April 4, SSAB, LKAB and Vattenfall presented an initiative to achieve a
fossil-free steel industry devoid of CO2 emissions. The companies are
initiating an industrial development project aimed at finding solutions
involving hydrogen-based iron production, which would entail a major
technological advance. Notwithstanding that SSAB has the world's most
efficient production processes, the company is the single largest
producer of carbon dioxide in Sweden, accounting for almost 10% of