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News and Press Releases
News/Nov 18, 2021
Ovako commits to Science Based Targets initiative
Ovako has high climate and sustainability ambitions: as of January 2022, steel production will be carbon neutral. As the next step, Ovako is committing its long-term climate targets to Science Based Targets initiative (SBTi).
Press release/Sep 28, 2021
Ovako’s steel production to be carbon-neutral from January 2022
Ovako continues to lead the way in sustainable steel production, including an innovative approach to heating steel with fossil-free hydrogen. To accelerate its environmental work, the company now takes the next step by adopting carbon-neutral steel production from January 1, 2022.
Press release/Jun 22, 2021
Fossil-free hydrogen initiative by Ovako, Volvo Group, Hitachi ABB Power Grids Sweden, H2 Green Steel and Nel Hydrogen
- Enables climate-neutral steel production and hydrogen-powered heavy vehicles Sweden’s largest fossil-free hydrogen facility is now being built with the goal of greatly reducing CO2 emissions, developing local industrial hydrogen production, and taking the first step towards a future hydrogen infrastructure for the transport sector. Ovako is starting a collaboration with the Volvo Group, Hitachi ABB Power Grids Sweden, H2 Green Steel and Nel Hydrogen to invest in hydrogen production in Hofors.