HYBRIT: $20m investment in next step of fossil-free steel project

SSAB, LKAB and Vattenfall, the owners behind the HYBRIT initiative, have announced further investment of SEK 200m ($20.2m) in the project, with the funding going towards the construction of a storage facility for hydrogen at the pilot plant.

SSAB, LKAB and Vattenfall joined forces to create HYBRIT in 2016, an initiative that endeavours to revolutionise steelmaking.

HYBRIT (Hydrogen Breakthrough Ironmaking Technology) aims to replace coking coal, traditionally needed for ore-based steelmaking, with hydrogen. The result would be the world’s first fossil-free steel production technology, with virtually no carbon footprint.

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