Sweden-based H2 Green Steel and the Port of Luleå have signed a
cooperation agreement whereby H2 Green Steel agrees to use the port as its
primary logistics and transportation hub for intermediate goods and products to
be transported to and from its new steel mill in Boden.
H2 Green Steel was
launched 2021 with a purpose to accelerate the decarbonization of
hard-to-abate-industries, starting with steel. Construction of a modern and
fully digitalized steel plant in Northern Sweden has begun. It will be the first
new steel mill in Europe in over half a century. The plant will include a
facility for green hydrogen production from renewable electricity as well as
the production of green iron which will feed the steel mill. By using green
hydrogen instead of coal, the company can reduce CO2 emissions from the
reduction process with up to 95%. By 2030, annual production will be at five
million tonnes of green steel.
H2 Green Steel aims
to begin production of green steel in Boden as early as the end of 2025, so the
agreement allows them to plan for a logistics and transportation solution
involving cargo flow through the port in Luleå. The green steel is expected to
be exported around the world, and H2 Green Steel already has a supply agreement
in place with UK-based steel service center SPM (Steel Processing Midlands).