In a pioneering move towards sustainability, Purmo Group has forged a seven-year partnership with H2 Green Steel, committing to the supply of 140,000 metric tons of environmentally-friendly steel between 2026 and 2033. This strategic collaboration not only underlines Purmo's dedication to carbon neutrality but also positions them at the forefront of the industry, poised to meet the surging demand for energy-efficient heating and cooling solutions. H2 Green Steel's innovative, eco-friendly plant in northern Sweden, powered by renewable electricity and green hydrogen, promises to reduce CO₂ emissions by up to 95%, ushering in a greener era for the steel industry.
In a resounding testament to their unwavering commitment to sustainability and environmental stewardship, Purmo Group has taken a monumental stride towards a greener future. The ink on a binding agreement with H2 Green Steel, a revolutionary force in the steel industry, heralds the delivery of 140,000 metric tons of green steel over a seven-year span, spanning from 2026 to 2033.
This strategic alliance, poised to redefine the industry's landscape, stands as a beacon of the formidable steps that Purmo Group is taking towards carbon neutrality. Their vision encompasses more than just a business endeavor; it is an unwavering resolve to be pioneers in an age where green steel holds the promise of a brighter, cleaner tomorrow.
Steel, constituting nearly half of Purmo Group's raw material procurements, makes this collaboration with H2 Green Steel not just commendable but imperative in their quest for sustainability. The very essence of the Purmo Group's mission revolves around delivering sustainable indoor climate comfort solutions, and this agreement is a testament to their unwavering commitment.
John Peter Leesi, the visionary CEO of Purmo Group, describes this venture as a milestone in their journey towards sustainability and carbon neutrality. This partnership ensures a secure supply of green steel, catalyzing the production of green steel products. One such product, the heat pump radiator range, emerges as pivotal in the core markets where the burgeoning trend of energy renovation gains momentum. Consumers now demand new and more energy-efficient heating and cooling systems, a need that Purmo Group is uniquely poised to satisfy.
H2 Green Steel, the trailblazing partner in this endeavor, has established an integrated, digitalized, and circular plant in Boden, northern Sweden, slated to commence production by the close of 2025. This state-of-the-art facility, intricately woven into the world's largest electrolysis plants, is powered by green hydrogen harnessed from renewable electricity. The outcome is nothing short of revolutionary; it promises to reduce CO₂ emissions by up to a staggering 95% when compared to conventional steelmaking, which is predominantly coal-powered.
Henrik Henriksson, CEO of H2 Green Steel, commends Purmo Group for its proactive stance and dedication to sustainability. He lauds them as pioneers in their field, echoing the sentiment that companies who align their business decisions with their commitment to sustainability make a tangible impact, transcending industry boundaries.
Purmo Group's decision to source green steel from H2 Green Steel aligns seamlessly with their ambition to steer their production processes toward a 1.5° Celsius future. With a resolute commitment to achieving carbon neutrality by 2025, they have embarked on a transformative journey that will not only redefine their industry but also inspire others to follow suit.
Purmo Group's strategic partnership with H2 Green Steel marks a watershed moment in the pursuit of sustainable steel production. Their commitment to procuring green steel, known for its reduced carbon footprint, is a testament to their dedication to environmental stewardship. As they embark on this journey toward carbon neutrality and a greener future, Purmo Group stands not only as a leader in sustainable indoor climate comfort solutions but as a beacon for others to follow. The promise of significantly reduced CO₂ emissions through the innovative production methods employed by H2 Green Steel heralds a cleaner, more sustainable era for the steel industry. Together, they are paving the way for a brighter and more environmentally conscious tomorrow.