Portuguese 
English 
Spanish 
3 min of reading 
The Investment of 45 Billion Swedish Kronor (Equivalent to Over R$ 25 Billion) Will Allow for a Reduction of About 10% in Total Carbon Dioxide Emissions from Sweden and About 7% in Finland.
SSAB, the leading Swedish steel manufacturer of high-strength steels, is leading the green transition in the steel industry through the exclusive HYBRIT initiative along with its partners. A transformation plan has been outlined at each production unit to eliminate all emissions from the steelmaker over the next ten years, by around 2030, a considerably faster timeframe than the previous target of 2045 (15 years earlier than previously announced). This will mean a reduction of emissions by over 8 million tons of carbon dioxide per year compared to current levels.
Also Read
- Brazil May Be Forced to “Dump Water” from Plants and Consume Thermal Energy: Hiring Expensively Costly Thermal Plants Causes Explosion in Energy Rates and Results in Consumer Financial Losses
- Employee May Be Terminated for Cause Due to Posts on Social Media
- Siem Helix II Ship Arrives for Repairs at Rio Grande Shipyard and Will Require 700 Workers for Maintenance and Equipment Review Activities
- 123 Free Courses with Certificate from Bradesco Foundation in the Areas of Administration, Accounting, Education, Technology, and Much More
The SSAB Board has made a decision to fundamentally transform Nordic strip production and accelerate the company’s green transition. The decision was made amid strong growth in demand for fossil fuel-free steel.
The plan is to replace the existing system with a new mini-mill technology, resulting in a broader product program and better cost position. The goal is to largely eliminate carbon dioxide emissions by around 2030, 15 years earlier than previously announced. However, to achieve this goal, the necessary infrastructure, mainly access to fossil fuel-free electricity, must be ready on time.
-
Historic bankruptcy of Centauro shocks the market, and the century-old company puts more than 500,000 products, machines, and complete infrastructure up for online auction.
-
Abandoned house for 15 years disappears in the woods, shocks owner with unrecognizable scenery and is reborn in an intense transformation after almost 90 hours of work in just 10 days.
-
In just three hours, a natural stone floor transforms the entrance of the house with an organic effect, immediate drainage, and a sophisticated non-slip finish that doesn’t puddle water, dries quickly, and impresses with the final result.
-
‘Interlocking brick’ made of earth arrives in the construction industry with cost reductions of up to 40% on the project.
“Our customers are demanding fossil fuel-free products from SSAB. We can solve the technical challenges and we have a strong financial position. If we can address the issues of energy supply and environmental permits together with society, we can transition 15 years earlier than the previously communicated plan. We can finance the plan through our own cash flow, resulting in a broader product program and better costs,” says Martin Lindqvist, President and CEO of SSAB.
The investment will allow for a reduction of about 10% in total carbon dioxide emissions from Sweden and about 7% in Finland.
New Production System Should Total Approximately 45 Billion Swedish Kronor (Equivalent to Over US$ 4 Billion and R$ 25 Billion) During 2022-2030
The intention is to transform the Nordic production system of SSAB based on the current business strategy. The new system will mean greater capacity for premium products, a better cost position, and fossil fuel-free production. Under the new plan, the production units in Luleå and Raahe will be transformed into economical mini-mills, with electric arc furnaces and rollers. The Borlänge and Hämeenlinna units will be developed according to the new production processes.
Strategic investments in the new strip production system are expected to total approximately 45 billion Swedish Kronor (equivalent to over US$ 4 billion and R$ 25 billion) during 2022-2030. At the same time, this will eliminate the need to invest in existing systems with blast furnaces, steelworks, and rollers.
The investment will result in a broader offering of premium products from SSAB, such as high-strength steel (AHSS) and quenched and tempered steel (Q&T). An expanded dimensional program with enhanced tolerances will increase the offering for the automotive industry, among others.
-
Uma pessoa reagiu a isso.