The first delivery of “the world’s first fossil-free steel” has reached its first customer, Volvo Cars. That’s the big news out of Sweden today, as joint venture HYBRIT — a joint venture between SSAB , the state-owned utility, Vattenfall, and mining company LKAB — announced its aim to revolutionize a steel industry that, by some estimates, produces nearly 10% of all harmful greenhouse gas emissions. “I’m happy to be minister for enterprise and energy in a country where industry is bubbling with energy for a (green) reset,” Ibrahim Baylan, Minister for Business, Industry and Innovation, told a press conference on Wednesday. “The goal is to deliver fossil-free steel to the market and demonstrate the technology on an industrial scale as early as 2026.” This is incredibly swift movement from a project that was announced recently — just back in May of this year, in fact — and it’s super important. “Steel is the foundation of modern society,” we wrote then. “A material input to buildings, cars, railways, roads and bridges. While low-carbon technologies exist across many industries, for the steel sector, which emits roughly 8% of global energy emissions and is heavily coal-dependent, commercially viable alternatives are still at […]
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