Vattenfall will reportedly procure fossil-free steel from energy company SSAB. According to the source, both companies have committed to deliver fossil-free steel produced with raw material obtained by the green steel production joint venture Hybrit.
In addition to Hybrit, the joint venture partner of Vattenfall and SSAB, the companies have also embarked on a broader collaboration, according to reports. Vattenfall requires high-strength steels for various components, which it will procure from SSAB. Vattenfall is expected to have access to fossil-free steel produced using sponge iron from the Hybrit pilot facility early next year. The volume of steel to be delivered is expected to grow according to production capacity.
According to the source, Vattenfall aims to work with users of fossil-free steel, requiring at least 10% of the steel it purchases each year to be fossil-free by 2030.
Vattenfall and SSAB are expected to collaborate on a Life Cycle Assessment (LCA) methodology that evaluates sustainability calculations and CO2 emissions to ensure the entire value chain is fossil-free.
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