AEC Member LKAB Transforms Global Steelmaking
LKAB aims to eliminate carbon dioxide emissions from the steelmaking process by using only fossil-free feedstock and energy in all parts of the value chain. In 2021 after five years of feasibility studies LKAB in partnership with Vattenfall and SSAB has produced the world’s first hydrogen-reduced sponge iron, used as a raw material in steelmaking. The breakthrough demonstrates the viability of using hydrogen to process iron ore, instead of conventional fuel. The steel market is forecast to grow by 50% by 2050. LKAB pushes global iron and steelmaking responsible for 7% of total greenhouse gas emissions towards fundamental green transformation.
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