0

WHY THIS MATTERS IN BRIEF

Industries like the steel industry are among the world’s most polluting, but new technologies and techniques are making it greener.

 

Love the Exponential Future? Join our XPotential Community, future proof yourself with courses from XPotential Universityconnect, watch a keynote, or browse my blog.

The world’s first customer delivery of so called “Green Steel,” which was produced without using coal, took place in Sweden last week, according to its manufacturer. The Swedish venture Hybrit said it was delivering the steel to truck maker Volvo  as a trial run before full commercial production in 2026. Volvo has said it will start production in 2021 of prototype vehicles and components from the green steel.

 

RELATED
Colorful bio-engineered bacteria could end fashions obsession with toxic dyes

 

Steel production using coal accounts for around 8% of all global greenhouse gas emissions so even though this announcement might be lost on most people it’s a very important milestone for what’s generally regarded as one of the world’s worst polluting industries. It’s also an industry that Bill Gates has been actively trying to “green” via significant multi-million dollar investments in companies like Heliogen whose Solar Oven technology, which, you guessed it, is powered by solar, can provide the enormous amounts of heat needed to smelt aluminium, concrete, and steel without the need for fossil fuels.

Hybrit originally started test operations at its pilot plant for green steel in Lulea, northern Sweden, a year ago, and they want to completely replace coking coal, which is traditionally needed for ore-based steel making, with renewable electricity and hydrogen – both of which play key roles in helping the EU reach net zero greenhouse gas emissions by 2050.

 

RELATED
Hydrofarms Dubai realises world first, uses Hydropanels to produce water from air

 

Hybrit is owned by the steelmaker SSAB, state owned utility Vattenfall, and miner LKAB, with SSAB accounting for more than 10% of Sweden’s and 7% of Finland’s total carbon dioxide emissions, and the company said the trial delivery was an “important step towards a completely fossil-free value chain […] with the goal being to deliver fossil-free steel to the market and demonstrate the technology on an industrial scale as early as 2026.”

Not to be out done though another green steel venture, H2 Green Steel, is planning to build a fossil fuel-free steel plant in the north of Sweden, including a sustainable hydrogen facility, with production starting in 2024 …

Source: Volvo

About author

Matthew Griffin

Matthew Griffin, described as “The Adviser behind the Advisers” and a “Young Kurzweil,” is the founder and CEO of the World Futures Forum and the 311 Institute, a global Futures and Deep Futures consultancy working between the dates of 2020 to 2070, and is an award winning futurist, and author of “Codex of the Future” series. Regularly featured in the global media, including AP, BBC, Bloomberg, CNBC, Discovery, RT, Viacom, and WIRED, Matthew’s ability to identify, track, and explain the impacts of hundreds of revolutionary emerging technologies on global culture, industry and society, is unparalleled. Recognised for the past six years as one of the world’s foremost futurists, innovation and strategy experts Matthew is an international speaker who helps governments, investors, multi-nationals and regulators around the world envision, build and lead an inclusive, sustainable future. A rare talent Matthew’s recent work includes mentoring Lunar XPrize teams, re-envisioning global education and training with the G20, and helping the world’s largest organisations envision and ideate the future of their products and services, industries, and countries. Matthew's clients include three Prime Ministers and several governments, including the G7, Accenture, Aon, Bain & Co, BCG, Credit Suisse, Dell EMC, Dentons, Deloitte, E&Y, GEMS, Huawei, JPMorgan Chase, KPMG, Lego, McKinsey, PWC, Qualcomm, SAP, Samsung, Sopra Steria, T-Mobile, and many more.

Your email address will not be published. Required fields are marked *