SSAB selected by U.S Department of Energy to explore possibilities for production of fossil-free steel in the U.S.

"We are pleased to have our project selected by the DOE for negotiations to accelerate decarbonization of the iron and steel sector. We see a great interest in sustainable products from the market and this project offers a critical opportunity to solidify a first-mover advantage for the U.S. industry," says Chuck Schmitt, President of SSAB Americas.

This initiative would enable SSAB to expand its sustainable domestic supply chain for steel products and also to advance the U.S. renewable energy transition objectives in response to the Bipartisan Infrastructure Law and the Inflation Reduction Act.

In January 2022, SSAB's Board of Directors made a policy decision to transform the production system in Sweden and Finland and make it largely carbon dioxide-free. In 2021, SSAB started to produce and deliver smaller volumes of fossil-free steel through the HYBRIT pilot plant in northern Sweden. In 2023, SSAB introduced SSAB Zero, a carbon dioxide-free steel based on recycled scrap and using fossil-free energy.

 

For further information, please contact:
Gunilla Hjalmarson, Head of External Communications at SSAB, gunilla.hjalmarson@ssab.com, phone: 46 76 117 91 85
Leigh Perry-Herndon, Director of Communications at SSAB Americas, leigh.perry-herndon@ssab.com, phone: +1 251-377-5438

 

Datum 2024-03-25, kl 14:00
Källa Cision
SAVR är investeringsplattformen som utmanar branschen och gör det både enklare och roligare att investera. Betala aldrig för mycket! Alla aktier och ETF:er från 1 kr, och få upp till 50 % rabatt på alla fonder. Automatiskt courtage och samma enkla prismodell på alla marknader.
Investeringar i värdepapper och fonder innebär alltid en risk och det är inte säkert att du får tillbaka det investerade kapitalet