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

Gold stocks down as risk on move continues

May 05, 2025 / www.canadianminingreport.com

Mixed outlook for resources on new Canadian government

May 05, 2025 / www.canadianminingreport.com

Gold's Bull Market Pullbacks

April 28, 2025 / www.canadianminingreport.com

Gold stocks down on metal drop

April 28, 2025 / www.canadianminingreport.com

Investment banks ahead of the gold price, institutions still behind

April 21, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok