News and Events

Ovako continues to lead the way in sustainable steel production, including an innovative approach to heating steel with fossil-free hydrogen. To accelerate its environmental work, t he company now takes the next step by adopting carbon-neutral steel production from January 1, 2022.

This collaboration is focused on bringing out the best in each other to help our customers be more successful than ever before.

It seems clear that the world will need much more such renewable energy to meet the climate targets established and especially so when hydrogen from electrolyzers becomes more and more a favoured solution.

- Enables climate-neutral steel production and hydrogen-powered heavy vehicles Sweden’s largest fossil-free hydrogen facility is now being built with the goal of greatly reducing CO2 emissions, developing local industrial hydrogen production, and taking the first step towards a future hydrogen infrastructure for the transport sector. Ovako is starting a collaboration with the Volvo Group, Hitachi ABB Power Grids Sweden, H2 Green Steel and Nel Hydrogen to invest in hydrogen production in Hofors.

The new report highlights Ovako’s leadership in sustainable steel production with a 54 percent reduction in CO 2 emissions since 2015 and a carbon footprint for its steel products that is 80 percent lower than the global average. It also sets new targets to build on these achievements through to 2040.

We take pride in contributing to the circular economy and producing steel that is close to carbon neutral. More than 97% of our input material comes from scrap.

Wear is an important property in pure economical terms. For example, a moldboard plow is expected to have a service life of 2,000 hours.

The only thing we really know about the future of the automotive sector is that change will continue and to an extent that we can hardly imagine.