This Swedish Company Wants to Fix Steel's Steep Climate Cost

  • 📰 TIME
  • ⏱ Reading Time:
  • 67 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

The world’s steel comes at a steep climate cost. A Swedish company is trying to change that

SSAB, LKAB, and Vattenfall spent about $2 million studying hydrogen steel technology, and in 2017, they had one of their first successes. “I still remember when I held that first piece of fossil-free steel made in a laboratory in Stockholm,” Lindqvist says. “I thought, ‘This might actually work.’” Lindqvist and other executives then went to their companies’ boards and asked for $160 million to build a pilot plant to develop the technology further.

Last August, SSAB used the pilot plant to produce its first emissions-free steel. Workers involved in the process made a video documenting the effort. “When I saw that video … I almost had tears in my eyes because they were so proud,” says Lindqvist. “They felt that we were doing something very important, and that we were part of a solution.”

With HYBRIT’s success, SSAB is moving ahead with plans to scale up its green steel process to a million tons a year by 2026. But there are significant obstacles to a similar ramp up for other steelmakers around the world. For one thing, green steel costs about 25% more to make than its conventional counterpart, according to RMI, a climate think tank.

Another problem is that the green hydrogen steelmaking method only works with a kind of very high quality iron ore, which not everyone uses —though companies pursuing the technology say they are developing ways to use lower-grade ores as well. There’s also an international dimension: even if policies in Europe and the U.S. help facilitate a transition to zero-carbon steel, the biggest player is still China, which produces half the world’s steel, largely in coal-fired blast furnaces.

There’s also the simple fact of how much needs to change in such a short time span. The world produced nearly

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 93. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Dear globalist editors, Brazil is a sovereign country. You will not be able to rig our elections as you did in the United States and France. Here in Brazil we will have the people inspecting. This thief thief called LulaOficial will never return to rob the nation again.

We don't buy bitcoin We earn bitcoin From Mining I'm ready to show 10 lucky people how to earn 0.1BTC ($4,000) and more daily! No referral No withdrawal fees If interested, kindly send a DM

Nuclear power plant + electric furnace steelmaking can completely solve the pollution problem.

Sweden is seriously committed to ClimateAction.

The climate catastrophe is a big lie

炭俘获,是个应急的方案,它有隐患,如同核废料的处置,我们把问题留给了后代。 开源节流并重,即发展非炭能源,同时推广低能耗的经济和生活方式,会更好些。

sudah bertahun-tahun dicoba.... dan tak pernah stabil....

В. ГАЙФУЛЛИН, БАЙДЕНУ: ДЖОЗЕФ, ДО СИХ ПОР ПОЧЕМУ НА СВОБОДЕ ЧУБАЙС?

United States United States Latest News, United States United States Headlines