Sweden based prime mover for green steel manufacturer and supplier SSAB aims to help Australian businesses achieve sustainable transportation and manufacturing processes with its green and sustainable technology. This initiative comes at a time when Australian policymakers and companies are exploring "green steel" as an opportunity to support business growth, operational efficiency, and sustainable development. SSAB Country manager for Australia and New Zealand Mr Matthew Spiteri said "Our creation represents a significant step forward in the transition to sustainable iron and steelmaking. With mounting pressure for Australian governments and industries to address the impending climate crisis, businesses and individuals are being enacted to force change and implement sustainable global value chains. Fossil-free steel represents a viable alternative, as it does not compromise on quality and can be used in all industries.”A report by the Grattan Institute found that if Australia captured about 6.5% of the global steel market, the country could generate more than AUD 65 billion in annual export revenue and create over 25,000 domestic jobs.As demand grows for fossil-free iron and steelmaking, SSAB is doubling down on its efforts to promote an eco-friendly future for the transportation, construction, and mining sector with the world's first fossil-free steel. HYBRIT, a jointed initiative of SSAB, LKAB and Vattenfall was created in 2016 with the aim of developing a technology for fossil-free iron- and steelmaking. The process replaces coking coal, traditionally needed for iron ore-based steelmaking, with fossil-free electricity and hydrogen. In August 2021, SSAB was able to show the world´s first fossil-free steel plate made from hydrogen-reduced iron, produced at HYBRIT's pilot plant in Lulea in Sweden. In July 2021, SSAB Oxelösund successfully produced and delivered the first fossil-free steel reduced by 100% fossil-free hydrogen to Volvo Group. SSAB has also inked a partnership with Mercedes-Benz AG to introduce fossil-free steel into vehicle production as early as possible, with the first prototype parts for body shells planned for next year. Beyond the automotive industry, the company has partnered with Cargotec to start coordinated development toward the use of fossil-free steel in Cargotec's cargo handling equipment.SSAB plans to supply the market with fossil-free steel at a commercial scale in 2026.