EU GREEN STEELMAKING: Ovako partners with industry on hydrogen initiative

June 24, 2021 / www.metalbulletin.com / Article Link

Swedish special steel producer Ovako is to collaborate with carmaker Volvo Group, Hitachi ABB Power Grids, H2 Green Steel and Nel Hydrogen to invest in hydrogen production at Hofors in Sweden, it has been announced.

The project will look to enable climate-neutral steel production and to build hydrogen-powered heavy vehicles. It is building Sweden's largest fossil-fuel-free hydrogen facility, it said, with the goals of greatly reducing CO2 emissions, developing local industrial hydrogen production, and taking the first steps toward a hydrogen infrastructure for the transport sector.
The new hydrogen plant in Hofors will make Ovako the first steelmaker in the world to heat steel with hydrogen prior to rolling, it claimed. An investment of 180 million Swedish krona ($21 million) was supported by the Swedish Energy Agency.

"We see this investment in hydrogen at Ovako as a strategically important effort in the transition to a more fossil-fuel-free society," Klara Helstad, head of the...

Recent News

Market sees gold sector nearing full value overall after target upgrades

August 18, 2025 / www.canadianminingreport.com

Gold stocks gain even as metal pulls back

August 18, 2025 / www.canadianminingreport.com

Gold stocks rocket to new highs, valuations no longer inexpensive

August 11, 2025 / www.canadianminingreport.com

Tariff issue caused by potential definition change of traded gold bars

August 11, 2025 / www.canadianminingreport.com

US BLS head removed after revisions to employment data

August 04, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok