ENVIRONMENT

LKAB plots path towards carbon-free future

Swedish iron ore producer LKAB has announced plans to replace its iron ore pellets with sponge iron produced using green hydrogen as part of a strategy to achieve net-zero carbon emissions from processes by 2045.

 During the transformation, LKAB will supply iron ore pellets in parallel with developing carbon-free sponge iron.

During the transformation, LKAB will supply iron ore pellets in parallel with developing carbon-free sponge iron.

The company plans to invest SEK10-20 billion (US$1.16-$2.3 billion) each year over the next 15-20 years - or a total of nearly US$47 billion - on its transformation strategy that will meet a steep global...

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