🇸🇪 🇩🇪 BILSTEIN GROUP reduces CO2-footprint through deal with H2 Green Steel that exceeds €250 million

April 17, 2023

Press release from H2 Green Steel

BILSTEIN GROUP as a technology-driven solutions provider is a producer of cold rolled steel strip for customers in industries like automotive, tooling and furnishings. It has been in the steel processing business over 100 years and has now signed a seven-year agreement for the delivery of low carbon footprint steel from H2 Green Steel.  

BILSTEIN GROUP was an early investor in H2 Green Steel and one of its first customers to sign an off-take agreement for green steel. This off-take agreement has been further detailed into a binding significant seven-year supply agreement with planned start of deliveries in 2026 from H2 Green Steel’s plant in Boden in northern Sweden.

“The ambitious positioning of H2 Green Steel with the aim of producing CO2-neutral steel as quickly as possible and setting up a greenfield project with an optimum process chain and state-of-the-art technology within a short time has thrilled us right from the beginning. The contract now signed is an important milestone for our company on the way to significantly reducing our carbon footprint as quickly as possible and ensuring that a large part of our raw material sourcing is ‘green’ by the end of the decade. This agreement brings the BILSTEIN GROUP an important step closer to the ambitious CO2 reduction targets we have set for ourselves,” says Marc T. Oehler, CEO and managing Partner BILSTEIN GROUP.

BILSTEIN GROUP is working with H2 Green Steel linked to its sustainability targets and to further reduce the emissions from its supply chain, where hot rolled steel accounts for more than 90 percent of the footprint of BILSTEIN GROUP’s final product. The two companies also intend to work together to develop steel grades, share best practices on reducing the carbon footprint and develop a circular model to take back scrap from BILSTEIN GROUP’s production sites to be recycled in H2 Green Steel’s operations.

“BILSTEIN GROUP produces demanding cold rolled steel grades and works with high-end specialty production facilities which require exacting standards in some of the most demanding grades for any steel producer. Working with them is a real vote of confidence in our future sustainable steel production and a milestone achievement for us. Additionally, working with a family-owned company like BILSTEIN GROUP, with a lot of solid legacy which, combined with a strong and future-looking capability, makes them a very good partner to us”, says Henrik Henriksson, CEO of H2 Green Steel.

For further information
Karin Hallstan, Head of Public and Media Relations, phone: +46 76 842 81 04, email: [email protected]

About H2 Green Steel
H2 Green Steel (H2GS AB) was founded in 2020 with the ambition to accelerate the decarbonization of the steel industry, using green hydrogen. Steel, which is one of the world’s largest carbon dioxide emitters, is the company’s first business vertical. The founder and largest shareholder of H2 Green Steel is Vargas, which is also co-founder and one of the larger shareholders in Swedish battery maker Northvolt. H2 Green Steel is headquartered in Stockholm, Sweden, with its first green steel plant under development in Boden, northern Sweden. www.h2greensteel.com

The family-owned BILSTEIN GROUP, founded in 1911 in Hagen, Germany, is a market leader in the cold rolling industry. More than 1,400 employees at state-of-the-art production sites in Germany, the Czech Republic and the USA produce highly demanding customer-specific cold-rolled steel grades for a wide range of industries, including the automotive industry, the saw blade and tool industry and the furniture industry. www.bilstein-gruppe.de

Originally published on 17 April.

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