Press

The three companies behind the project, SSAB, LKAB, and Vattenfall, launched the initiative to solve the CO2 issue in the Swedish steel industry back in the spring of last year. The project’s goal is to come up with a process that emits water instead of CO2 by using hydrogen instead of the current procedure that’s based on blast furnaces burning coal and coke. The research project has been allocated 102m Swedish crowns, with The Swedish Energy Agency providing SEK 56m of this amount and the three companies contributing the remaining SEK 46m. Funding from The Swedish Energy Agency has opened the door for the launch of a number of new research projects by organisations such as KTH, Luleå University of Technology, SWEREA MEFOS, Lund University, Stockholm Environmental Institute, and RISE, who will work toward the goal of a CO2-free steel industry. (EIN NEWSDESK)