Ovako invests SEK 60m in new furnace

The new furnace reduces energy consumption by 50% and significantly lowers carbon dioxide emissions, says the company. It is also designed to run on fossil-free hydrogen, making it a key part of Ovako’s and the region’s transition towards a more sustainable future.

The inauguration ceremony was attended by Sweden’s minister for climate and the environment, Romina Pourmokhtari, who, together with representatives from Ovako and other key stakeholders, emphasized the importance of investing in energy-efficient and fossil-free industry.

The inauguration ceremony was attended by Sweden’s minister for climate and the environment, Romina Pourmokhtari, who, together with representatives from Ovako and other key stakeholders, emphasized the importance of investing in energy-efficient and fossil-free industry.

‘‘Ovako is a brilliant example of how industrial investments can drive both climate benefits and economic growth. With projects like the hydrogen plant in Hofors and the new furnace here in Boxholm, Sweden is strengthening its position as a leader in sustainable steel production — setting an example for the entire world,’’ said Romina Pourmokhtari in her speech during the inauguration.

‘‘This is a big day for Ovako and the entire region. With this investment, we are taking concrete steps to reduce the climate impact of the industry and move towards more sustainable steel production. At the same time, we ensure that we can deliver high-quality steel with the lowest possible carbon footprint’’, said Marcus Hedblom, president and CEO of Ovako Group.