SSAB and Fortum explore possibilities for the production of hydrogen-reduced sponge iron in Raahe.
SSAB and Fortum will launch a FEED* study to explore the possibilities of making hydrogen-reduced sponge iron also in Raahe.
The FEED study will explore the possibilities of making fossil-free sponge iron at an industrial-scale in Raahe and of building a hydrogen production plant. The study is scheduled to complete in the first quarter of 2024.
The initiative is a natural continuation to an ongoing joint research project FFS – Towards Fossil-free Steel, which began in February 2021 and is supported by Business Finland.
In January 2022, SSAB’s Board of Directors made a policy decision to transform Nordic strip production and to make it largely carbon dioxide-free in around 2030. During 2022, SSAB made and delivered 500 tonnes of fossil-free steel.
March 2023 saw another important step when SSAB introduced SSAB Zero, a carbon dioxide-free steel based on recycled scrap and made using fossil-free energy. When SSAB converts the Oxelösund mill, it will be able to use a flexible mix of fossil-free sponge iron and scrap as the raw material to produce steel without carbon dioxide emissions, starting in the fourth quarter of 2026.
SSAB and Fortum explore possibilities for the production of hydrogen-reduced sponge iron in Raahe, June 5, 2023