https://archive.ph/hjAJO
"Swedish steel is considered the world’s toughest. It may soon become its
greenest. In Boden, a town near the Arctic Circle, a startup called
h2 Green
Steel (h2gs) is erecting a €4bn ($4bn) new mill, Europe’s first in nearly half
a century. It will be powered not by the usual coal or natural gas but by green
hydrogen, produced on site by the region’s abundant wind and hydropower. When
fully built in a few years, it will employ up to 1,800 people and churn out 5m
tonnes of steel annually.
The project matters far beyond sparsely populated northern Sweden. The
consequences could be momentous for the continent’s producers of steel and
other basic materials, such as cement and chemicals, which between the three of
them directly contribute around 1% of the eu’s gdp. It would ripple through the
supply chains of firms, from carmakers to builders, which account for another
14% of eu output, according to Material Economics, a think-tank. It would boost
Europe’s energy independence, the importance of which has been laid bare by
Russia’s energy blackmail in response to Western sanctions against its war in
Ukraine. And it would be a boon for the climate, since basic-materials
industries spew out about a fifth of Europe’s greenhouse-gas emissions. It
could in short, thinks Ann Mettler of Breakthrough Energy, a venture-capital
fund backed by Bill Gates, mark the rebirth of Europe’s heavy industry for the
post-fossil-fuel era."
Via
Future Crunch Oct 7, 2022:
<
https://futurecrunch.com/good-news-us-crime-conservation-argentina-evs-china/>
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
