Raex® is manufactured by SSAB and sold through the global Raex® distribution network. SSAB is committed to continuous environmental work aiming at minimizing the adverse environmental impacts from its operations. SSAB’s blast furnaces are among the most efficient in the world in terms of CO2 efficiency.
SSAB is one of the best in the world in iron-ore based steel making when it comes to CO2 efficiency – 7% better than the European average. The graph below compares SSABs CO2 emissions from the ore-based iron production with the average CO2 emissions of steel producers in other regions.
The indexed carbon efficiency in iron-making based on coal consumed 2012
SSAB has a target to reduce CO2 emissions from its steel production. The target is to achieve a lasting reduction of 300,000 tonnes in CO2 emissions by the end of 2020, compared to the 2014 baseline.
The steel industry is one of the highest CO2-emitting industries, accounting for 7% of CO2 emissions globally. A growing global population and an expanding urbanization are expected to trigger a rise in global steel demand by 2050. The carbon footprint in the steel industry is thus a challenge for Europe and the rest of the world.
In 2016, SSAB, LKAB (Europe’s largest iron ore producer) and Vattenfall (one of Europe’s largest electricity producers) joined forces to create HYBRIT, an initiative that endeavors to revolutionize steel making. HYBRIT aims to replace coking coal, traditionally needed for ore-based steel making, with hydrogen. The result will be the world’s first fossil-free steel-making technology, with virtually no carbon footprint.
The owners (SSAB, LKAB and Vattenfall) gave the green light for the next phase of HYBRIT and, during summer 2018, work started on the construction of a globally-unique pilot plant for fossil-free steel production at the SSAB site in Luleå, Sweden.
Already before a solution for fossil-free steel making is in place, SSAB aims to cut its CO2 emissions in Sweden by 25% by as early as 2025, through conversion of the blast furnace in Oxelösund, Sweden, to an electric arc furnace. Between 2030-2040, the plan is to also convert the blast furnaces in Luleå, Sweden and Raahe, Finland to eliminate most of the remaining CO2 emissions and to reach the target of being fossil-free by 2045.