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
Electric Arc Furnace boost for British Steel
(Posted on 02/05/24)British Steel has been granted planning permission to build an Electric Arc Furnace at its Scunthorpe... Read more
Leading event for grain handling and processing returns to Omaha
(Posted on 28/04/24)The National Grain and Feed Association (NGFA) in the USA, Grain Elevator and Processing Society (GEAPS... Read more
American Feed Industry commends vital supply chain legislation
(Posted on 23/04/24)The American Feed Industry Association (AFIA) has commended Representatives Ashley Hinson, R-Iowa-02... Read more
NGFA says NASS reports are critical to agribusiness operations
(Posted on 23/04/24)In a letter to U.S. Agriculture Secretary Tom Vilsack, the National Grain and Feed Association (NGFA... Read more
Bauxite and aluminium businesses deliver stable Rio Tinto results
(Posted on 18/04/24)Bauxite production of 13.4 million tonnes was 11% higher than the first quarter of 2023 for Rio Tinto... Read more
Rio Tinto spends more than A$16.1 billion with Australian suppliers
(Posted on 15/04/24)Rio Tinto increased its spend with suppliers and local businesses in Australia to more than A$16.1 billion... Read more
Cargill increases its renewable energy capacity by more than 40%
(Posted on 15/04/24)Cargill has reported increasing its contracted renewable energy capacity by 42% after signing five new... Read more
Agreement to set up KEZAD steel recycling and production facility
(Posted on 29/03/24)The UAE’s largest operator of integrated and purpose-built economic zones, Khalifa Economic Zones... Read more
Senate legislation includes phosphate and potash as critical minerals
(Posted on 25/03/24)The Fertilizer Institute (TFI) has praised the U.S. Senate for introducing bipartisan legislation to... Read more
Agribusiness expert’s legacy and optimism for GrainCorp’s future
(Posted on 18/03/24)Farmer, Company Director and long-standing member of the GrainCorp Board of Directors, Dan Mangelsdorf... Read more
