When our electrolyzer ramps up to start full-scale production after the summer break, it will enable us to cut our CO2 emissions by 20,000 tonnes per year by reducing our reliance on fossil fuels. As one of the largest electrolyzers in Europe, the plant has a capacity of 8 tonnes of hydrogen per day and a power rating of 20 megawatts.
It is just the latest milestone along the path towards our long-term goal for zero-emission steel production. The origins of the Hofors steel mill date back to the start of iron production in 1549. In more recent times, we made our first step into sustainability in 1930 with our first electric arc furnace (EAF). Major steps since then include closing our last blast furnace in 1977, conversion of steel heating furnaces to oxyfuel in 1995, starting electrification of heat treatment furnaces in 2012 and publishing our first verified climate declarations in 2018.
This year, several market reports have highlighted our leading position in sustainable steel. For example, we’ve been cited as having the lowest CO2 emissions and the most ambitious emissions reductions targets.
Looking ahead, electrification will be essential for the next steps in our decarbonization journey. We now have one remaining major opportunity for electrification: the reheating furnaces for hot-forming or hot-rolling steel.
This is where our new hydrogen plant comes in. It will draw on Nordic electricity to produce low-emission hydrogen to fuel the reheating furnaces at Hofors.