Company debuts world’s first fossil-free steel-making technology (US)

Sweden-based SSAB, which has operations around the world, has invested $800 million in its Alabama steel mill. The company is moving its U.S. headquarters to Mobile.

A new pilot facility under construction in northern Sweden will produce steel using hydrogen from renewable electricity. The only emissions will be water vapor. With a growing global population and greater urbanization, coupled with technological advancements in pre-engineered metal buildings with high structural integrity, the global steel market is expected to reach US$1.01 trillion by 2025.  Yet, at the same time, the steel industry is one of the highest CO2-emitting industries in the world, accounting for 7.0 percent of CO2 emissions globally. This means the Continue reading

SSAB aims to be fossil-free by 2045 (US)

SSAB increases the company ambitions for sustainability and sets new long-term objectives. By 2045 SSAB aims to be totally fossil-free. However, in the mid-term, the most noticeable sustainability impacts will be achieved by our sustainable offering: 10 million tonnes in annual customer CO2 savings by 2025. 

“In many respects we are already a forerunner and we want to retain that position in the future. The sustainability trend is transforming the steel industry and noticeable measures are required to mitigate climate change. Our new objectives are highly ambitious, but we feel certain that we will reach them. Achieving our goals requires greatContinue reading