SSAB and Fortum will launch a FEED* study to explore the possibilities of making hydrogen-reduced sponge iron also in Raahe. The FEED study will explore the possibilities of making fossil-free sponge iron at an industrial scale in Raahe and of building a hydrogen production plant. The study is scheduled to be completed in the first quarter of 2024. The initiative is a natural continuation to an ongoing joint research project FFS – Towards Fossil-free Steel, which began in February 2021 and is supported by Business Finland.
*FEED = Front-End Engineering Design, is an engineering design approach used to control project expenses and thoroughly plan a project before a fixed bid quote is submitted.
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