Marten Pei (centre), CTO of SSAB, with workers inside a control room at a SSAB steel mill. Pei is driving SSAB's transformation to fossil-free steel-making with his initiative, HYBRIT green steel.

With HYBRIT technology, SSAB aims to be the first steel company in the world to bring fossil-free steel to the market in 2026 and largely eliminate carbon dioxide emissions from their own operations by around 2030.

In 2016, SSAB, LKAB (Europe's largest iron ore producer) and Vattenfall (one of Europe's largest energy companies) joined forces to create HYBRIT, an initiative that endeavours to revolutionise steelmaking. Using HYBRIT technology, SSAB aims to replace coking coal, traditionally needed for ore-based steelmaking, with fossil-free electricity and hydrogen. The result will be the world's first fossil-free steelmaking technology, with virtually no carbon footprint. Their goal is to reduce Sweden's CO2 emissions by 10% and Finland's by 7%.