GMK Center’s Post

Swedish steel company SSAB has decided to build a modern, environmentally friendly mini-mill in Luleå, Sweden. The project involves shutting down the current blast furnace-based production system. This will reduce CO2 emissions in Sweden by 7% in addition to the 3% achieved through the conversion of the Oxelosund plant. The capacity of the future production complex is estimated at 2.5 million tons of steel per year. The plant will be equipped with two electric arc furnaces, a modern finishing system, a hot rolling mill for SSAB’s specialty products, and a cold rolling mill to serve automotive manufacturers. The new plant will be supplied with raw materials consisting of fossil-free sponge iron from Hybrit’s demonstration plant in Gällivare and recycled scrap. “The transformation of Luleå is a major step on our journey to fossil-free steel production. We will remove 7% of Sweden’s carbon dioxide emissions, strengthen our competitive position and safeguard jobs with the most cost-effective and sustainable strip production in Europe,” says SSAB’s President and CEO Martin Lindqvist. The total investment in the construction of the mini-plant is estimated at €4.5 billion. By doing so, the company avoids the €2 billion investment that would have been required in the existing blast furnace-based production equipment over the next 10 years. The company will finance the construction with its own cash flows. The new mini-smelting plant will have a better cost position due to lower fixed costs, higher efficiency, shorter lead times and no CO2 emission costs. The new complex is scheduled to be launched in late 2028 and reach full capacity a year later. Environmental permits are expected to be obtained by the end of 2024. Read more here🔽 #GMKCenter #Ukraine #steelmakers #steel #projects #CO2 #carbon #emissions #SSAB #investments #Sweden #iron #scrap #EU #Europe #blastfurnace #decarbonization

Swedish SSAB will build an environmentally friendly mini-plant in Luleå — News — GMK Center

Swedish SSAB will build an environmentally friendly mini-plant in Luleå — News — GMK Center

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Ehsan Zafari

Machine Learning Engineer | Cloud MLOps Engineer

9mo

What an inspiring initiative by Swedish steel company SSAB to build an environmentally friendly mini-mill in Luleå! This project not only reduces CO2 emissions significantly but also strengthens their competitive position. Kudos to SSAB for leading the way towards a more sustainable future.

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