Time line for fossil-free steel production
The ambition is to largely eliminate carbon dioxide emissions in our own operations by around 2030.
SSAB aims to create a fossil-free value chain together with our partners and customers and to secure our position as the driving force in the green transition in the steel industry. SSAB plans to launch fossil-free steel as a commercial product in 2026. The development of fossil-free sponge iron, the feedstock for fossil-free steel, is being undertaken by the joint venture company Hybrit Development AB. The plan is to complete the HYBRIT demonstration plant in around 2025, at the same time as SSAB's blast furnace in Oxelösund is converted to an electric arc furnace. SSAB's Board has also taken a policy decision to transform Nordic strip production until around 2030. The transformation will mean increased flexibility, shorter lead-times and that carbon dioxide emissions from SSAB's own operations will be largely eliminated.
SSAB has taken a strategic decision to fundamentally transform the Nordic strip production system and accelerate our green transition. The background to this is the strong growth in demand for fossil-free steel. The plan is to replace the existing system with so-called mini-mills, which provide a wider product range and an improved cost situation. The ambition is to largely eliminate carbon dioxide emissions in our own operations by around 2030, 15 years ahead of the previously communicated plan. To make it possible to implement this, the necessary infrastructure must be in place on time, especially access to fossil-free electricity.
This strategic decision means that the plants in Luleå and Raahe will be converted into cost-efficient mini-mills, with electric arc furnaces and rolling mills, and the plants in Borlänge and Tavastehus will be further developed for the new production processes. The transition will be taking place over the next ten years. A first step will be to develop a more detailed implementation plan for each production site. The order in which the sites will be converted will depend on, among other things, the availability of necessary infrastructure, primarily access to competitive electricity.