Purmo Group in 7-Year Agreement with H2 Green Steel for Near Zero Emission Steel Supply
Published by Todd Bush on November 6, 2023
STOCKHOLM, Nov. 6, 2023 /PRNewswire/ -- Purmo Group, a leader in sustainable indoor climate comfort solutions, has entered into a binding agreement with H2 Green Steel, for the delivery of 140,000 tonnes of green steel during 2026-2033.
The deliveries will support Purmo Group in its further advancement in sustainability. Steel represents approximately 50% of all raw material purchases in the Group.
"This is an excellent collaboration with H2 Green Steel and another milestone in our sustainability journey towards carbon neutrality. With this agreement, we will be pioneers in our industry, securing the supply of green steel and starting the production of green steel products. Among these, our heat pump radiator range is an important product group in our core markets, where the energy renovation trend is strong. Our customers are demanding new and more energy-efficient heating and cooling systems and Purmo Group is well positioned to fulfil this growing demand", comments John Peter Leesi, CEO of Purmo Group.
H2 Green Steel's integrated, digitalized, and circular plant is located in Boden, northern Sweden and will start production end of 2025. The plant is integrated with the world's largest electrolysis plants and is powered by green hydrogen produced with renewable electricity. It enables the reduction of CO₂ emissions by up to 95% compared to traditional steelmaking powered by coal.
"Purmo Group is a pioneer in another important customer segment for the steel industry. They are a great example of a company that is letting its business decisions truly be guided by its commitment to sustainability and achieving the Paris Agreement. At H2 Green Steel, we applaud these first-mover companies in different sectors. They really make a difference,", says, Henrik Henriksson, CEO of H2 Green Steel.
Purmo Group's decision to source green steel from H2 Green Steel is part of the Group's ambitions to align its productions towards a 1.5° Celsius future and carbon neutrality by 2025.
The following files are available for download:
Subscribe to the newsletter
Daily decarbonization data and news delivered to your inbox
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Latest issues
-
Can the U.S. Lead the $77B Carbon Capture Surge - or Fall Behind?
Inside This Issue 📊 Carbon Capture's $77 Billion Surge Faces a Crossroads: Will the U.S. Lead or Fall Behind? 🌱 Exomad Green Breaks Ground on the World’s Largest Biochar Facility in Bolivia’s Guar...
-
Can Cement Save the Coast? Pegasus Thinks So
Inside This Issue 🏝️ Pegasus Capital Advisors and Partanna Collaborate to Scale Carbon-Negative Cement for Coastal Resilience 🌾 Scaling Carbon Sequestration with Precision: How Charm Industrial Us...
-
Game-Changer? New Bill Tackles Wildfires & Carbon
Inside This Issue 🔥 Whitehouse, Schiff Introduce Bill to Reduce Wildfire Risk with Innovative Carbon Removal Solutions ⚡ Plug Power and Allied Green Expand Strategic Collaboration with New 2 GW El...
Company Announcements
-
Turning Carbon Dioxide Into Fuel Just Got Easier, Thanks to Acid Bubbles
A team of researchers at Rice University have discovered a surprisingly simple method for vastly improving the stability of electrochemical devices that convert carbon dioxide into useful fuels and...
-
US Senate Should Ease Provisions for Clean-energy Tax Credits, Republican Senator Says
The U.S. Senate should make changes to House budget reconciliation bill provisions that phase out clean-energy tax credits, including easing start-date requirements, said Republican Senator John Cu...
-
Singleton Birch, an MLC company, has partnered with Centrica Energy Storage Ltd to produce hydrogen fuel for low-carbon lime at its North Lincolnshire operation. The UK Department for Energy Securi...
-
Exomad Green Breaks Ground on the World’s Largest Biochar Facility in Bolivia’s Guarayos Region
Exomad Green is proud to announce the groundbreaking of what is set to become the world’s largest biochar facility, located in the heart of the Guarayos region in Bolivia. This milestone represents...