March 29, 2024

Swedes will spend $ 3 billion on the world's largest metallurgical plant running on hydrogen

Swedes will spend $ 3 billion on the world's largest metallurgical plant running on hydrogen

H2 Green Steel plans to launch the world's largest hydrogen-fueled steel plant in 2024.

Last year alone, a total of more than 1.86 billion tons of steel were produced.In metallurgy, 75% of all energy consumed comes from coke (specially treated coal) and it is estimated that this is responsible forTherefore, European countries are gradually transferring heavy industry to alternative sources.

The H2GS initiative led by the CEOautomaker Scania, envisages the construction of a metallurgical plant in the north of Sweden, which will not pollute the environment at all. The project budget is $ 3 billion.

The plant will receive hydrogen from electrolysis plants powered by renewable energy sources in the Swedish region of Boden-Luleå.

The first casting is scheduled for 2024, and byIn 2030, the plant should reach an annual capacity of 5 million tons of high-quality metal. The enterprise will produce hot-rolled, cold-rolled and galvanized steel coils, which will be used in the automotive industry, transport systems, the construction industry, as well as for the manufacture of household appliances.

A pilot plant for the production of steel HYBRIT, which runs exclusively on hydrogen fuel, has already been operating in the northern country since last year.

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