SSAB created its Hydrogen Breakthrough Ironmaking Technology (HYBRIT) with KAB and Vattenfall. The companies showcased the world's first hydrogen-reduced sponge iron in June, which has since been used to produce the first fossil-free steel.
The companies want to deliver fossil-free steel at an industrial scale by 2026.
"We'll be converting to electric arc furnace in Oxelosund as early as 2025. This is the first production site within SSAB to make the transition, and it means that we'll already be cutting large amounts of carbon dioxide emissions then. This is a major responsibility, one that we're proud to shoulder, and it brings great opportunities to the region," said Johnny Sjostrom, head of SSAB Special Steels Division.
SSAB believes its HYBRIT technology has the potential to reduce Sweden's total carbon dioxide emissions by 10% and Finland's by 7%.