Zambia Expansion of Copper Mining in 2024 can Result in Stronger Economy
Sweden to Witness Green Steel Plant by 2025
By Anshula Mandaokar , 05 May, 2023
Europe’s first ever commercial green steel to be produced in a small military town in Sweden’s frozen north. The excavators and giant diggers are powering through the layers of mud, ice and snow at the site of a news steel plant just outside Boden, 900 kilometres north of Stockholm.
Steel is made in the blast furnaces with certain processes. With iron ore and coking coal, they also emit large quantities of carbon dioxide which further led to global warming. Production of steel is responsible towards at least 7 percent of the world’s greenhouse gas emissions.
According to the reports, by not following the conventional method Boden steel plant will be using hydrogen technology designed to cut emissions by 95 percent. The reports provides more information like the company behind the project, H2 Green Steel believes to roll out the first batches of the production of steel by 2025.
Also, the Boden steel plant is supposed to create major opportunities for jobs in an area where there are less industries. Hence, helping to rise in the economy of the country too. The news are there about the government reported to stump up £600m in order to help Britain’s two larger steelmakers to move away from the coal-fired last furnaces.
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Anshula Mandaokar
Team Lead - Research
