Anand Acharya’s Post

𝗚𝗿𝗲𝗲𝗻 𝘀𝘁𝗲𝗲𝗹: 𝟭𝟬 𝗕𝗿𝗲𝗮𝗸𝘁𝗵𝗿𝗼𝘂𝗴𝗵 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝗶𝗲𝘀 𝟮𝟬𝟮𝟱 by Douglas Main; MIT Technology Review Making #steel produces a lot of #greenhousegas emissions. Now, construction is underway in #Sweden on an industrial-scale #plant that will emit almost zero carbon dioxide. WHO: Boston Metal, LKAB, Midrex Technologies, Inc., Stegra WHEN: 1 year A method for using #hydrogen made with #renewable power to produce steel could help clean up the #industry, which accounts for about 8% of the world’s #carbonemissions. Most steel is still made in #coal-based #blastfurnaces that churn out about two tons of #carbondioxide or more for every ton of steel. A newer commercial technique called direct reduction (#DRI), which uses #naturalgas to turn #ironore into #iron (a key ingredient in steel), yields about a 40% reduction in emissions. But that’s still a lot of carbon pollution. So several companies are developing ways to use hydrogen made with renewable #power to react with iron ore to make iron—the most energy-intensive and dirtiest step of the #steelmaking process. These #processes could, in #theory, produce close to zero emissions. The details are at the below link:

Green steel production is making strides, with companies developing methods to use hydrogen made with renewable power to produce steel, potentially reducing the industry's carbon footprint dramatically. 🏭➡️🌱 Steel production currently accounts for about 8% of global carbon emissions, but these new technologies could bring that number close to zero. @Stegra's plant in Sweden, set to begin production in 2026, could be the first industrial-scale operation of its kind, producing 4.5 million metric tons of green steel annually. While this is just a small portion of global steel production, it's a promising start towards a cleaner, greener future for the industry. 🌍 #GreenSteel #CleanTech #SustainableIndustry

The steel industry, responsible for around 7% of global CO2 emissions, is undergoing a major transformation with the rise of green steel. With innovative technologies like hydrogen-based reduction and molten oxide electrolysis, the sector is taking crucial steps toward decarbonisation. These advancements not only reduce emissions but also position green steel as a key player in the shift to a low-carbon future. As the demand for sustainable solutions grows, the global green steel market is expected to reach $89 billion by 2032. Supported by government policies and VC investment, green steel is set to reshape global supply chains and drive the future of clean industrial production. SSAB, LKAB, Vattenfall, Boston Metal, Stegra, Electra, Breakthrough Energy Climate Pledge Fund, Blastr Green Steel, ArcelorMittal, Heliogen, Tata Steel, thyssenkrupp #GreenSteel #Sustainability #CleanTech #IndustrialDecarbonisation #ClimateAction #SustainableManufacturing #HydrogenTechnology #CleanEnergy #CircularEconomy #IndustryInnovation https://lnkd.in/e9nZwyns

🇩🇪 Germany is helping industrial firms decarbonize via #hydrogen with a €1-billion package of subsidies. The country has recently allocated €2.8 billion to accelerate ⏩ #decarbonization efforts, with support earmarked for five industrial companies that will use hydrogen to reduce emissions in their production processes. The so-called “climate protection contracts” aim at helping reduce emissions in the production of glass, lead, bricks, adhesive tape and forged steel, by covering the cost gap between the use of clean H2 and fossil fuels. 💬 “These contracts provide companies with what they need most in times of transformation and in a challenging economic environment: planning security for their investments,” said German Federal Minister Robert Habeck. https://lnkd.in/eug9CZFE

Industries heavily dependent on #steel include construction, automotive, manufacturing, energy, shipbuilding, aerospace, appliances, railways, defense, and packaging. Steel production is a major polluter, responsible for 7-9% of global #carbon #emissions, largely due to its reliance on coal. The #transition to green hydrogen, while promising, is challenging and expensive, requiring significant renewable energy resources. The global steel industry must invest in #new #technologies and adopt #regulatory measures to transition away from coal-powered blast furnaces. Despite some regions leading the change, many countries still rely heavily on coal, necessitating a faster global shift to green steelmaking. Electric arc furnaces offer a greener alternative, but their environmental impact depends on the source of electricity. Example #solutions; * A new steelmaking facility in northern Sweden aims to revolutionize the industry by using green hydrogen produced with renewable electricity instead of coal. This "#greensteel" project by H2 Green Steel plans to reduce carbon emissions by 95% and produce 5 million metric tons of steel by 2030. * The HYBRIT project working to develop and scale up the production of fossil-free steel using green hydrogen. It is a collaboration between three major Swedish companies: SSAB is a leading steel manufacturer, LKAB is a prominent iron ore producer, and Vattenfall is a state-owned power company specializing in renewable energy. In 2021, HYBRIT delivered what it claimed to be the first-ever green steel to the automaker Volvo Group . SSAB plans to produce #greensteel at commercial levels by 2026. The green mill will reduce 7% of Swedens carbon emission. The #boards are giving strategic directions, allocate resources and monitor progress towards these important goals for the companies and for the stakeholders. Read more in the CNN article https://lnkd.in/gjxNxJrU Explore Boards Impact Forum as a member and join education programs to guide your companies on #sustainability and #AI; "Boards Oversight of Sustainability" https://lnkd.in/d_QEMCug and "Boards Oversight of Responsible AI" https://lnkd.in/drfQXYDC Liselotte Hägertz Engstam 🌏♦️ Fernanda Torre Bente Sollid Steen Buchreitz Jensen Aija Bärlund Jakob Stengel Alexandra Bolton Matthew Moss Julie Baddeley

DWD obtained planning permission on behalf of LeMond Carbon UK for a new, state-of-the-art carbon fibre manufacturing plant at Energy Park Way, Grimsby. LeMond Carbon was founded by Greg LeMond, a three times Tour de France winner. The firm has applied its carbon fibre expertise in high-performance cycling to other fields, notably the manufacture of wind turbine blades and pressure vessels for hydrogen storage. Both are critical to the UK’s net zero ambitions. Only with carbon fibre can blade masses be managed and overall stiffness increased at longer blade lengths. In the hydrogen propulsion sector, carbon fibre is essential to the production of storage tanks (pressure vessels) as well as in fuel cell stacks and battery housings. For more information please see below, or contact Stephen Rose or Georgina Rule https://lnkd.in/eAySrCtC

Swedish Researchers Pioneer Fossil-Free Steel Production Breakthrough Researchers in Sweden have achieved a groundbreaking innovation in steel production with the HYBRIT process, which replaces traditional coal-based methods with fossil-free hydrogen. Developed by Vattenfall, SSAB, and a mining firm, HYBRIT promises to drastically reduce the 7% of global emissions attributed to steel production. The innovative process utilizes green hydrogen, produced through electrolysis using renewable energy, and iron-ore pellets to create steel while emitting only harmless water vapor. After a successful trial, the developers are now pushing for full-scale implementation, which could reduce Sweden’s carbon emissions by 10%. Vattenfall’s strategic development head, Andreas Regnell, highlighted that this breakthrough ensures both the survival of companies and the planet. The HYBRIT team is progressing towards industrial-scale production, with support from the European Union. #FossilFreeSteel #HYBRIT #GreenHydrogen #SustainableManufacturing #SteelIndustryRevolution #CarbonReduction #CleanEnergy #Vattenfall #SSAB #SustainableInnovation

The steel technology transition away from coal has accelerated in recent years, with Europe leading the way, but two of Europe's leading steelmakers have recently appeared to be slowing their planned shift to lower-emissions technology.  

A great discussion happening end of the month on the key levers to decarbonizing the metals industry. We know the demand for metals is not going away...so what are the near-term and longer-term technologies, alternative fuels and processes to help aid the carbon footprint of this production? Join ENGIE Impact Lab Crigen and Decarb Connect.