“Our work with H2 Green Steel will focus on exploring ways for premium, responsibly produced iron ore from our operations to be used as feedstock in the Boden plant’s low-carbon production process, paving the way to a cleaner, greener way to produce steel – one of the backbone materials for the rollout of energy transition infrastructure and for ongoing global socioeconomic development,” stated Anglo American Marketing Business CEO, Peter Whitcutt.
The agreement will include the studying and trialing of Anglo American’s iron ore products, which will build on the company’s environmental commitments set out in its 2018 Sustainable Mining Plan. As part of the company’s sustainability program, Anglo American has set a target to reduce its Scope 3 emissions – emissions indirectly linked to the company’s value chain through assets it does not own – by 50% by 2040.
The Boden plant’s direct reduced iron steel-making process reduces carbon emissions by up to 95% compared to traditional steelmaking and can reduce CO2 emissions further when using green hydrogen as a reducing agent.
“Our purpose is to decarbonize hard-to-abate sectors, and this is only possible with strong partnerships along the value chain with a true commitment to reducing Scope 1, 2, and 3 emissions,” stated H2 Green Steel Chief Procurement Officer, Luisa Orre, adding, “We are impressed by Anglo American’s efforts to bring high-quality iron ore products to customers which focus on low-carbon iron and steelmaking, and we look forward to continuing working with them, not only for our first green hydrogen integrated steel plant in Sweden but for other future locations globally.”
Serving as the latest step in Anglo American’s decarbonization journey, green steel production is poised to play a significant role in the company’s efforts to reduce greenhouse gas emissions from fossil fuel usage.
