Cargill Metals has entered into a multi-year agreement with Swedish industrial startup H2 Green Steel for the supply of green steel. The agreement aims to accelerate global ferrous supply chain decarbonisation.

Cargill joins a growing list of customers of H2 Green Steel, further validating the demand for near zero emission steel.

Cargill Metals connects different parts of the ferrous supply chain, from iron ore mining to steel mills around the world. The company is committed to delivering on its sustainability goals through a variety of initiatives, including partnerships that develop cleaner products with lower CO₂ footprint. The agreement with H2 Green Steel is an example of such a partnership where Cargill will help its customers meet their sustainability and climate goals with a sustainable and responsible supply of products.

H2 Green Steel was launched in 2021 to accelerate the decarbonisation of hard to abate industries. Starting with steel - one of the heaviest polluting industries - the company is building a green field steel plant in Boden which will run on renewable electricity. The plant will produce its own green hydrogen in a giga-scale electrolyser, which in turn will reduce iron ore to green sponge iron through direct reduction. The green sponge iron will feed the green steel process achieving emission reductions of up to 95 percent compared to traditional steelmaking with coke and coal in a blast furnace.

Commitment to a responsible and sustainable connected ferrous metals supply chain

“It is the commitment to a responsible and sustainable connected ferrous metals supply chain that drew H2 Green Steel to this partnership. The additional possibilities for working together for both upstream and downstream emission reductions that enhance this distribution relationship. Cargill’s global reach will help H2 Green Steel’s products be available to other markets as demand grows beyond the EU,” says Carl-Erik Lagercrantz, vice chairman of H2 Green Steel.