The race is on to make low-emissions steel. Meet one of the companies vying for the lead.
(Inside Climate News, 7 Dec 2023) H2 Green Steel of Sweden is building a plant that uses hydrogen instead of fossil fuels to make steel.
Before the end of this decade, you may be able to buy a car containing steel that was produced with near-zero emissions.
The technology already exists, and there are eager consumers in the form of automakers and other manufacturers who would like to market a low-emissions product.
But first, a steel company needs to build a next-generation plant and show that low-emissions steel can be made on a large scale and at a competitive price.
H2 Green Steel of Sweden believes it is poised to win this race, with plans to open a commercial-scale plant by 2025.
I spoke with Henrik Henriksson, H2’s CEO, on the sidelines of the Web Summit conference last month in Lisbon. I wanted to know whether the company was on track to complete its plant, and whether low-emissions steel makes sense financially for buyers.