SSAB, in collaboration with Fortum, has embarked upon an ambitious Front-End Engineering Design (FEED) study aimed at exploring the prospects of large-scale hydrogen-reduced sponge iron production in Raahe. The primary objective of this endeavor is to evaluate the technical and commercial viability of manufacturing fossil-free sponge iron and establishing a hydrogen production plant. The comprehensive study is expected to conclude by the first quarter of 2024, providing invaluable insights for future decision-making.
This FEED study serves as a natural continuation of the ongoing joint research project titled "FFS - Towards Fossil-free Steel." Launched in February 2021, this endeavor has received support from Business Finland and has laid the foundation for SSAB's transformative journey towards a predominantly carbon dioxide-free Nordic strip production by 2030. SSAB has already demonstrated its commitment to sustainable steel production by successfully manufacturing and delivering 500 tonnes of fossil-free steel in 2022.
The results of the FEED study will play a crucial role in shaping the future of steel production, enabling the development of innovative and environmentally friendly solutions.
In March 2023, SSAB achieved yet another significant milestone by introducing SSAB Zero, an innovative carbon dioxide-free steel variant produced using recycled scrap and powered by fossil-free energy sources. This breakthrough has paved the way for SSAB to adopt a flexible manufacturing approach at its Oxelösund mill, wherein a combination of fossil-free sponge iron and scrap will serve as the raw materials for steel production, eliminating carbon dioxide emissions. This groundbreaking methodology is anticipated to be implemented starting in the fourth quarter of 2026.