Powering a new, clean industrial revolution
What we do
Cleaning up steel is key to tackling climate change. As one of the world’s dirtiest industries, it is responsible for more than 7 percent of global CO₂ emissions. By bringing emissions close to zero, we are enabling sustainable steelmaking – building a better, cleaner future for our planet.
Green steel and green hydrogen is the duo that is going to play a crucial role in a decarbonized future. Green hydrogen is an enabler of industrial transformation, with steel as one of the key sectors for cost-competitive and viable decarbonization by bringing emissions close to zero in the steel production process.
In Boden, we will build a giga-scale electrolyser, powered by fossil-free electricity, as an integrated part of the production site, producing the green hydrogen needed to bring 5 million tonnes of high-quality steel to the market by 2030.
Together with our industry peers, customers, and communities, H2 Green Steel is taking an important step to help build an industry we can all be proud of.
Company's story
Steel is the world's most important engineering and construction material, used in every aspect of our lives – from the cars we drive and the buildings we work in, to the homes in which we live and the kitchen appliances we use every day.
GREEN HYDROGEN
To help offset man-made emissions and fight climate change, we need to move faster and focus where it makes the most difference – heavy industry, which is responsible for around 40% of global emissions. At H2 Green Steel, we intend to meet the challenge of significant decarbonization by building one of the world’s largest electrolysis plants, powered by green hydrogen produced with fossil-free energy, as an integrated part of our steel production facility in Boden.
At our fully integrated, digitalized, and circular plant in Boden, northern Sweden, H2 Green Steel will produce green steel, reducing CO₂ emissions with up to 95 percent compared to traditional steelmaking. By replacing coal with green hydrogen powered by fossil-free electricity, water and heat become our primary emissions. And steel is only the beginning – our expertise in green hydrogen will enable us to decarbonize other heavy industries.
H2 Green Steel’s commitment to a cleaner and healthier planet does not stop at having a production process that minimizes negative environmental impact, pollution, and waste. It is reflected in our environmental, economic, and social goals and policies, spanning everything from our business model and supply chains to our impact on the communities in which we are present.
Together, we are building an impact company with sustainability at its core – for our people, customers, investors, and planet.
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