Sweden-based steelmaker Ovako has announced that it has commissioned its newly built energy-efficient furnace at its Boxholm plant within the scope of its decarbonization strategy. The project will also strengthen Sweden’s position as a leader in sustainable steel production.
Entailing an investment of SEK 60 million ($5.98 million), the furnace will allow Ovako to produce sustainable steel by reducing its energy consumption by 50 percent and its annual emissions by 6,000-7,000 mt. In addition, the furnace is ready to switch to green hydrogen in the future.
