EU GREEN STEELMAKING: Ovako steel to introduce “climate surcharge” as its production goes carbon-neutral

Swedish special steel producer Ovako is to introduce a “climate surcharge” to support initiatives and new technology investments as its production goes carbon-neutral from January 2022, the producer announced on Tuesday September 28.

The company says it has reduced carbon emissions significantly through efficient processes, the use of fossil-free electricity and dedicated investments such as conversions to fossil-free fuels for heat treatment.
The company announced in April this year that it had successfully used hydrogen to heat steel before rolling.

Following on the success of this pilot project, it is now...

Published

Carrie Bone

September 28, 2021

17:50 GMT

London