h2 green steel
Powering a new, clean industrial revolution
Carl-Erik Lagercrantz, Vice Chairman
Cleaning up steel is key to tackling climate change. As one of the world’s dirtiest industries, it is responsible for more than 7 percent of global CO2 emissions. H2 Green Steel will enable sustainable steelmaking by bringing emissions close to zero. The company is headquartered in Stockholm, Sweden, with its first green steel plant under development in Boden, northern Sweden. Using green hydrogen instead of coal in the production, water and heat will become the main by-products.
H2 Green Steel aims to build one of the world’s largest electrolysis plants, powered by fossil-free energy. And steel is only the beginning – the company’s expertise in green hydrogen is an enabler for decarbonising other heavy industries as well.
And we will start with steel. By responding to challenges in heavy-polluting industries with speed and action, we will contribute to reaching the Paris Agreement. The demand for green steel has been validated by a solid customer-base, proving that sustainability and profitability go hand in hand
reduction in CO2
Compared to traditional steel making
Production at Boden plant set to begin
Estimated annual green steel output from Boden plant 2030
In binding 5-7 year contracts
This is the start of a new and clean industrial revolution where large-scale green hydrogen production will enable necessary reductions in harmful emissions from heavy industry. We are doing this to realise a better, cleaner future for the planet.