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Swedish Industrialists Explore $6 Billion Green Steel Project in Canada

Mathieu Dion and Rafaela Lindeberg of Bloomberg report that a green steel project may be coming to Canada.

The C3 Take
  • H2, which is on a mission to produce green steel with minimal carbon emissions, recently began construction on a facility in Boden, Sweden with the ambitious goal of opening in 2025.
  • If the plan to build in Canada receives enough financing and public support, H2 will operate a green iron plant in Quebec.
  • This plant will include a giant electrolyzer powered by renewable energy that will generate hydrogen to replace the use of coal in the steel making process.
  • H2 is also exploring the potential of opening a facility in Texas as the state expands its renewable energy generation.

“The steelmaker hopes to kick off the construction of a North American site by 2026, with production starting four years later. Executives say it will take about 18 months of permitting, similar to Sweden, but public support for major projects can be unpredictable in Quebec.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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