Integration and renewable energy transforms the process

H2 Green Steel has located near the Arctic Circle to benefit from the abundance of renewable energy from hydropower and wind. It uses the power equivalent to two nuclear power stations to create green hydrogen through electrolysis.

To create ‘green steel’, iron ore is exposed to hydrogen in a reactor to create direct-reduced iron (DRI). The DRI is combined with steel scrap in an Electric Arc Furnace to complete the transformation to steel. An integrated ‘casting and rolling’ process is used to produce products while the steel is warm, further decreasing the energy requirements.

The steel mill is the largest to be built since 1972 and has already taken 2.5% of the European market.

Putting a price on carbon

The company is using its customers’ willingness to transform the industry to a more sustainable business model to finance the transition to green steel.

Henrick says that perhaps the biggest achievement is that a small company with global ambitions has shown the incumbents that it is technically possible to increase sustainability in the industry and as a result the predicted timeline for achieving its targets is reducing.

Find out more at h2greensteel.com