Exciting News: SSAB’s facility in Luleå, Sweden, is poised for a groundbreaking transformation as we stride towards a fossil-free future.
The ambitious plan involves replacing the outdated blast furnace-based production system with a cutting-edge mini-mill. This move alone will slash Sweden’s CO2 emissions by a significant 7%.
Powered solely by fossil-free electricity and energy sources, the new mill will set a new standard for sustainability. It will rely on two primary raw materials: ✅ Fossil-free sponge iron, crafted using the revolutionary HYBRIT technology ✅ Carefully curated recycled scrap materials
Beyond its environmental impact, the project promises a host of additional advantages: ✅ Enhanced steel output to meet the demands of our valued customers ✅ Expansion of specialized and premium steel grades ✅ Diversification of product offerings, particularly catering to the automotive and truck sectors ✅ Reduction in fixed costs and the elimination of CO2 emission-related expenses
Martin Lindqvist, President and CEO of SSAB, underscores the significance of this endeavor: “The transformation of Luleå marks a pivotal milestone in our quest for fossil-free steel production. By curbing 7% of Sweden’s carbon dioxide emissions, we not only bolster our competitive edge but also secure jobs through Europe’s most economically viable and eco-friendly strip production.”
Sahit Muja said “As CEO of Albanian Minerals, I had the honor of engaging with the leadership teams of SSAB and LKAB, and I must commend them for their outstanding reputation within their respective industries on a global scale. It’s abundantly clear that both companies stand at the forefront of excellence. I extend my sincere congratulations to my esteemed colleague and friend, Martin Lindqvist, CEO of SSAB”.
SSAB is celebrated for its pioneering work in developing high-strength steels and its unwavering dedication to advancing performance and sustainability. As a leader in the global market for Advanced High-Strength Steels (AHSS), Quenched & Tempered Steels (Q&T), strip, plate, and construction solutions, SSAB is synonymous with innovation and superior quality.
Mr. Muja added; Here at Albanian Minerals, we heavily rely on SSAB’s specialized steel products, which play a vital role in our mining equipment, transportation, drilling, and various other applications. We are genuinely excited about integrating their innovative new green steel into our operations, further solidifying our commitment to sustainable and eco-friendly mining practices. Together, we have the power to pave the way for a greener future not just within our industry, but for generations to come.
As policymakers, shareholders, and investors intensify their focus on decarbonization worldwide, industries such as mining, metals, refining, long-haul transportation, and construction are under increasing pressure to act swiftly and decisively to decarbonize both effectively and profitably.
Albanian Minerals embarked on its journey towards a net-zero pathway 25 years ago, pioneering efforts to accelerate decarbonization in traditionally challenging sectors. By identifying the sectors most likely to succeed and outlining actionable pathways, Albanian Minerals has been instrumental in driving the transition towards circular, sustainable industrial models.
For over 25 years, I’ve dedicated myself to gathering scientific research and engaging with industry leaders worldwide in mining, metal processing, manufacturing, and transportation. My aim has been to compile a comprehensive knowledge database to develop a strategy towards green innovation technology in an industry notorious for its environmental impact—the steel industry.
This month, alongside my partners, we are unveiling a breakthrough technology in green nickel production. Nickel is a critical ingredient in steel manufacturing, and our innovative approach promises to revolutionize the way this essential component is sourced and utilized. Our commitment to sustainability and environmental responsibility drives us forward as we strive to transform the steel industry into a greener and more sustainable sector.
What a remarkable journey it has been as a co-founder of this pioneering venture. We are thrilled to unveil this breakthrough innovation to the world stage. This revolutionary technology not only addresses critical environmental concerns by purifying the air, water, and land, but it also yields negative CO2 metals like nickel, essential for sustainable practices in various industries.
Moving forward, stainless steel companies will benefit greatly from this partnership, as they will have access to a sustainable source of green nickel. Nickel, once considered among the most polluting metals, is now positioned as one of the greenest and most eco-friendly materials, serving as a cornerstone of the new world. Its significant usage in batteries further solidifies its importance in shaping a cleaner and more sustainable future. We are excited to be at the forefront of this transformative shift towards greener practices and materials.
To wield the power to make substantial changes within the steel industry, our dedicated teams at Albanian Minerals are tirelessly working around the clock. In addition to our focus on other essential steel ingredients, our scientists are currently immersed in groundbreaking research concerning chromium—a metal indispensable in stainless steel production and among the most significant globally.
I am thrilled to announce that Albanian Minerals has achieved a breakthrough innovation in chrome purification, all while maintaining a minimal environmental footprint. Our efforts have led us to produce the finest grade of chrome ore available, and we are actively developing new technologies for green ferrochrome production. With this advancement, we are paving the way for a more sustainable future within the steel industry, ensuring that our practices align with our commitment to environmental stewardship.
Throughout my tenure as CEO of Albanian Minerals, I’ve immersed myself in every aspect of the iron ore industry, scrutinizing geology, mines, production processes, transportation logistics, and the journey from mines to steel factories and ultimately to end-users. Along this journey, my observations have served as guiding lights, illuminating the path toward greater knowledge and understanding.
Witnessing immense pollution plaguing our lands, ports, rivers, and waters, I’ve felt a profound sense of responsibility as both a miner and an investor. In response, I’ve championed forward-thinking, innovative technologies in collaboration with some of the world’s largest steel companies, aiming to translate responsibility into action.
At Albanian Minerals, and in partnership with others, we’ve achieved remarkable success in iron ore pelleting—a key ingredient in steel production. Iron pellets not only reduce pollution but also conserve energy, emerging as the premier method for steel manufacturing. Notably, the material used in pelleting, magnesium olivine, is sourced with utmost care. Albanian Minerals boasts the highest quality of this eco-friendly mineral and holds the world’s largest reserves.
Change is on the horizon, and we invite you to stay tuned for more exciting updates as we continue our journey towards a cleaner, more sustainable future.
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