September 19, 2023
(press release)
–
By recognizing H2 Green Steel as a
The Exponential Roadmap Initiative was launched to accelerate climate action and solutions through the exponential scaling of ground-breaking products, services and projects. H2 Green Steel is a living example of such a project as it was founded in 2020 to accelerate the decarbonization of the steel industry. By qualifying as a
Established companies can set ambitious greenhouse gas reduction targets for their operations. For an industrial cleantech company building an operation from scratch, other targets are more relevant. The Exponential Roadmap Initiative presents a framework in which a cleantech company can screen and verify its ambition and ability to scale climate solutions - exponentially. To be considered a
"Our goals at H2 Green Steel are anchored in science. In times where greenwashing is a real problem, the Exponential Roadmap Initiative offers a route for serious cleantech companies to validate that their ambitions and plans are
H2 Green Steel is building the world's first large scale green steel plant. When H2 Green Steel's plant in Boden begins operations the carbon intensity will be approximately 95 to 195 kg* of CO2 per tonne of steel, including Scope 1 and 2 emissions, compared to about two tonnes of CO2 in blast furnace-based steel making. Starting its green steel operations at the end of 2025, H2 Green Steel beats the steel sector by some 15 years based on the current Science Based Targets initiative's 1.5°C-aligned steel roadmap. By demonstrating that it's possible, H2 Green Steel hopes that others will be pushed to speed up and follow suit. However, to H2 Green Steel that is not enough. In addition to the immense abatement via the steel production, H2 Green Steel also commits to and fulfills other criteria including: "We are delighted to welcome H2 Green Steel as a member in the Exponential Roadmap Initiative together with other world-leading companies. H2 Green Steel is a true climate solutions company because over 90 percent of its income is derived from a climate solution - a climate solution that reduces emissions by 95 percent compared to business as usual. This is exactly the kind of solution that needs to be scaled exponentially to shift out fossil-based solutions. We look forward to collaborating on removing remaining barriers and scaling solutions faster through radical collaboration," says
H2 Green Steel's plant in Boden,
* depending on which steel product is being manufactured. For further information About H2 Green Steel About the Exponential Roadmap Initiative https://mb.cision.com/Main/20623/3837489/2302137.pdf
Karin Hallstan, Head of Public and Media Relations, phone: +46 76 842 81 04, email: press@h2greensteel.com
H2 Green Steel (
The Exponential Roadmap Initiative unites innovators, transformers and disruptors to drive the transformation to halve global emissions before 2030 through exponential climate action and solutions. www.exponentialroadmap.org
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