Finnish steel producer SSAB and Nordic energy firm Fortum have announced they will explore the possibility of producing hydrogen-reduced sponge iron in Raahe, Finland.
With plans to launch a front-end engineering design (FEED) study, the two will look into the industrial-scale production of sponge iron and the building of a hydrogen production plant.
Expected to be completed in the first quarter of next year (2024), the FEED study comes as part of the ongoing joint research project FFS – Towards Fossil-free Steel, which kicked off in 2021, supported by Business Finland.
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