Cargill and H2 Green Steel to accelerate ferrous supply chain decarbonization
(Posted on 27/06/23)
Cargill (Cargill Metals) has entered into a multi-year agreement with Swedish industrial startup H2 Green Steel for the supply of green steel.
Cargill joins a growing list of customers of H2 Green Steel, further validating the demand for near-zero emission steel. The agreement marks another major step for Cargill toward its vision to shape a responsible and sustainable ferrous supply chain that helps the world thrive.
“Today’s announcement marks another strategic milestone in advancing our sustainability goals,” said Lee Kirk, managing director, Cargill Metals, “Our customers are already signaling significant interest in low CO2 steel. H2 Green Steel is one of the first out of the starting blocks in producing green steel at scale.”
Cargill Metals connects different parts of the ferrous supply chain, from iron ore miners to steel mills around the world. The company is committed to delivering on its sustainability goals through a variety of initiatives, including partnerships that develop cleaner products with lower CO2-footprint. The agreement with H2 Green Steel is an example of such a partnership where Cargill will help its customers meet their sustainability and climate goals with a sustainable and responsible supply of products.
H2 Green Steel was launched in 2021 to accelerate the decarbonization of hard to abate industries. Starting with steel - one of the heaviest polluting industries - the company is building a green field steel plant in Boden which will run on renewable electricity. The plant will produce its own green hydrogen in a giga-scale electrolyzer, which in turn will reduce iron ore to green sponge iron through direct reduction. The green sponge iron will feed the green steel process achieving emission reductions of up to 95 percent compared to traditional steelmaking with coke and coal in a blast furnace.
“It is the commitment to a responsible and sustainable connected ferrous metals supply chain that drew us to this partnership with Cargill. The additional possibilities for working together for both upstream and downstream emission reductions that enhance this distribution relationship. Cargill’s global reach will help H2 Green Steel’s products be available to other markets as demand grows beyond the EU,” said Mark Bula, Commercial Head of Boden Steel at H2 Green Steel.
Latest News
Metso expansion in Antofagasta elevates support for Chilean mining
(Posted on 15/08/25)Metso has completed the expansion of its service centre in Antofagasta, Chile, reinforcing its ability... Read more
Alcoa explores feasibility of gallium critical mineral production in WA
(Posted on 11/08/25)Alcoa of Australia Limited, a wholly-owned subsidiary of Alcoa Corporation has announced a Joint Development... Read more
Rio Tinto releases new tailings facilities disclosure
(Posted on 11/08/25)Rio Tinto has published detailed information on its global tailings facilities, in alignment with the... Read more
NGFA applauds Senate confirmation of Lindberg as USDA trade undersecretary
(Posted on 04/08/25)The National Grain and Feed Association (NGFA) has commended the U.S. Senate for confirming Luke... Read more
Cargill to acquire Mig-Plus, expanding animal nutrition business in Brazil
(Posted on 04/08/25)Cargill, one of the world’s leading food providers, continues to advance its growth strategy in... Read more
Resilient financial results as Rio Tinto grows and diversifies
(Posted on 30/07/25)Rio Tinto has announced a 6% production year-on-year uplift, thereby delivering on strategy through... Read more
K-SURE and Trafigura $200m financing agreement to support Korean shipping
(Posted on 30/07/25)The Korea Trade Insurance Corporation (K-SURE) and Trafigura, a global leader in the commodities industry... Read more
BHP record copper and iron ore production drives strong 2025 performance
(Posted on 21/07/25)BHP have released their Operational Review for the year ended 30 June 2025.BHP Chief Executive Officer... Read more
Dynamic Mining shipping arm and GeoServe’s one-year milestone
(Posted on 15/07/25)A strategic collaboration between Icon Gulf Trading DMCC (part of the Dynamic Group) and GeoServe Energy... Read more
SSAB and Metal Solutions start partnership in fossil-free steel
(Posted on 15/07/25)SSAB and Metal Solutions have entered a long-term partnership for the supply of decarbonized steel with... Read more
