In a multi-year agreement, Vale will supply H2 Green Steel with iron ore pellets as input material for its steel mill in Boden.
Vale Global Sales Director Bruno Pina said in a statement,"Vale has closely followed developments in the green transformation of the steel industry in northern Sweden and has now chosen to take an active role in contributing to it. H2 Green Steel is pushing the entire value chain of steel to move faster towards sustainable solutions. By working closely with them, we are once again demonstrating our support for the decarbonisation of the steel sector. We have committed to reduce our Scope 3 net emissions by 15 percent by 2035, which means an absolute emissions reduction requirement of more than 80 million tonnes of CO2 emissions. This is equivalent to the emissions of the country of New Zealand."
"This marks another strategic agreement for H2 Green Steel, where Vale brings significant experience and great know-how to the co-operation in addition to the supply of iron ore pellets. We look forward to developing decarbonisation pathways together with the team at Vale. It is really impressive to see the involvement from outside Sweden for our major project in Boden," said Henrik Henriksson, CEO of H2 Green Steel