Sweden-based Ovako’s steel production to be carbon-neutral from Jan 2022

Wednesday, 29 September 2021 11:50:02 (GMT+3)   |   Istanbul
       

Sweden-based steelmaker Ovako has announced that it is adopting carbon-neutral steel production from January 1, 2022.

The company has reduced its carbon emissions by 55 percent since 2015 with the use of fossil-free electricity and dedicated investments such as conversions to fossil-free hydrogen for heat treatment. Full implementation of hydrogen-fueled heating will further reduce process emissions by a total of 80 percent from the 2015 baseline.

To support its climate initiatives and new technology investments, Ovako will add a carbon surcharge on its steel from January 2022.


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