BMW Will Use Fossil-Free Hydrogen-Powered Steel From 2025 by H2 Green Steel
Geschreven op 21-10-2021 - Erik van Erne. Geplaatst in Duurzaam
The BMW Group has made a deal to source green steel from Swedish startup H2 Green Steel starting in 2025.
H2 Green Steel, which launched in 2020, makes steel using a fossil-free manufacturing process. Instead of coal, it uses hydrogen and clean energy for steel production.
Green steel production creates up to 95% less emissions than steel produced using coal.
H2 Green Steel is building its production site in the province of Norrbotten in northern Sweden, close to the Arctic Circle. The company writes on its website: By 2024 we will be in production at our Boden site, and by 2030, we will produce 5 million tonnes of fossil-free steel annually. Vargas, cofounder and a major shareholder in Northvolt, is also H2 Green Steel’s founder and largest shareholder. H2 Green Steel is headed by Henrik Henriksson, the former CEO of Scania. Investors include Spotify founder Daniel Ek.
This enables raw materials to be used multiple times. Since it requires less energy to produce, secondary steel lowers emissions by an average of 50-80%, compared to primary material.
In April 2021 Volvo announced that it would be the first to use fossil-free steel, which was produced by HYBRIT which will start full commercial production in 2026. On October 13, Volvo produced a prototype of the world’s first vehicle made of fossil-free steel.
