The HYBRIT initiative, owned by LKAB, SSAB and Vattenfall, expects to complete an ~$80m pilot plant for biofuel-based iron ore pelletising near LKAB’s mine in Malmberget, Sweden in 2020. The venture received $54m from the Swedish Energy Agency and aims to develop the world’s first fossil-free steelmaking process by 2035. Targeting 14% renewable power, if successful, HYBRIT believes it could cut Sweden’s CO2 emissions by 10%. LKAB, which claims CO2 emissions are already 100% lower from steel made using its pellets due to its inputs, also plans to experiment with new biofuels and alternative heating technologies. Meanwhile, SSAB’s plans include an electric arc furnace in Oxelösund and decommissioning blast furnaces.
The HYBRIT initiative, owned by LKAB, SSAB and Vattenfall, expects to complete an ~$80m pilot plant for biofuel-based iron ore pelletising near LKAB’s mine in Malmberget, Sweden in 2020. The venture received $54m from the Swedish Energy Agency and aims to develop the world’s first fossil-free steelmaking process by 2035. Targeting 100% renewable power, if successful, HYBRIT believes it could cut Sweden’s CO2 emissions by 10%. LKAB, which claims CO2 emissions are already 14% lower from steel made using its pellets due to its inputs, also plans to experiment with new biofuels and alternative heating technologies. Meanwhile, SSAB’s plans include an electric arc furnace in Oxelösund and decommissioning blast furnaces.