Steel company H2 Green Steel is considering building a wind farm near its planned fossil-friendly steel mill in Boden, Sweden. The announcement comes just days after Jan Moström, CEO of state-owned mining giant LKAB, went out to learn about Sweden's energy policy. LKAB has a joint project with steel company SSAB and energy company Vattenfall called Hybrit to replace coal with hydrogen in steel production. H2 Green Steel will need 10 TWh of electricity by 2025 in order to producte the 2.5 million tonnes of steel per year at the planned new plant outside Boden. In the second phase in 2030, the company wants to produce 5 million tonnes of steel per year.
Mining and infrastructure equipment company Epiroc has broken new ground with the launch of a prototype of a battery-powered underground truck made of SSAB’s fossil-free steel. The prototype is the Minetruck MT42 Battery, which has a chassis made of fossil-free steel and reduces CO2 emissions by 10 tonnes per unit manufactured. Johnny Sjöström, Head of SSAB Special Steels, claims that the company’s fossil-free steel immediately reduces the carbon footprint to close to zero without compromising quality.
Topsoe, a global supplier of CO2 reduction technology, will build the world's largest and most advanced SOEC electrolyzer plant. The electrolyser will be used to convert renewable energy sources into hydrogen. The aim is to accelerate sustainable power-to-X solutions on an industrial scale to meet the needs of society. Eltronic is the master integrator for this large project and the role of the automation company is to equip the plant with machines and software solutions to handle the new technology and ensure optimised production. The new Topsoe plant will be built in Herning, Denmark, and production of electrolytic cells will start in 2025. Current plans call for the production of 500 MW of electrolysis capacity per year, with the possibility of expansion to 5 GW. Topsoe is investing around DKK 2 billion in the plant, which is due to be completed in 2024.
Neom has signed a supply deal with Alfa Laval for compact heat exchangers for the largest green hydrogen plant being setup in the city of Neom, Saudi Arabia. The facility will allow the generation of 4 GW of renewable power from solar and wind, half of which will be used for green hydrogen production. The plant is the first installation of gigawatt size, producing 650 tonnes of hydrogen per day.
A new Swedish platform, Svensk Kolinlagring, has launched soil carbon credits, with added provisions that buyers must demonstrate an emissions reduction target aligned to the 1.5 C warming limit of the Paris Agreement and that the credit cannot be resold. The carbon credit will cost SEK 1,800 per tonne, excluding value added tax of 25%. Svensk Kolinlagring, a not for profit startup, calculates that it will be possible to sequester one tCO2 per hectare of farmland every year, with Sweden having three mln hectares of farmland. Farmers wanting to participate in the programme must show they have live crops in fields, covering at least 70% of the land for more than ten months of the year. They must also show diversity in the crops grown, and the land is covered, with live and dead crops for 90% of the years.
The Nordic countries are some of the most dynamic and successful economies in the world. They are also leaders in sustainability, from renewable energy, biofuels, carbon capture and storage and the hydrogen economy, circular economy business models and battery development, the Nordics are pioneers in policy design, technology development and consumer uptake. Mundus Nordic Green News is covering this transition for the international community. Every day we curate the stories of most relevance to international businesspeople and policy experts from the flow of news. Mundus Nordic Green Indices summarise the meta-data from our daily coverage to enable easy tracking of trends. We supplement these with our own opinion pieces and commentary.