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Statoil named among world’s climate villains

Norwegian oil giant Statoil has been named as one of just 90 companies responsible for nearly two thirds of greenhouse gas emissions since the start of the industrial revolution.

Statoil named among world's climate villains
Statoil's new Oslo offices - Statoil
According to data from a new report from the Climate Accountability Institute (CAI), published in the Guardian newspaper, Statoil has produced a massive 4.37 gigatonnes of CO2 since it was founded in 1972 — accounting for 0.3 percent of the total 914 gigatonnes of CO2 emitted between 1751 and 2010. 
 
This, more than the world can recycle in a year, puts it in seventh place in Europe, after BP, Shell, and British Coal from the UK, Total from France, and ENI And RWE from Germany. 
 
"There are thousands of oil, gas and coal producers in the world," the report's author Richard Heede told the Guardian. "But the decision makers, the CEOs, or the ministers of coal and oil, if you narrow it down to just one person, they could all fit on a Greyhound bus or two." 
 
The largest single producer was US oil giant ChevronTexaco, which has produced 46 gigatonnes of CO2 over its life, 3.2 percent of the total, followed by Saudi state oil giant Saudi Aramco, which has produced 42.82 Gt of CO2, 2.95% of the total, and ExxonMobil, which has produced 41.6 Gt. 
 
CAI has spent eight years working on the research, which the climate campaigner Al Gore described as a "crucial step forward". 

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ENVIRONMENT

Sweden’s SSAB to build €4.5bn green steel plant in Luleå 

The Swedish steel giant SSAB has announced plans to build a new steel plant in Luleå for 52 billion kronor (€4.5 billion), with the new plant expected to produce 2.5 million tons of steel a year from 2028.

Sweden's SSAB to build €4.5bn green steel plant in Luleå 

“The transformation of Luleå is a major step on our journey to fossil-free steel production,” the company’s chief executive, Martin Lindqvist, said in a press release. “We will remove seven percent of Sweden’s carbon dioxide emissions, strengthen our competitiveness and secure jobs with the most cost-effective and sustainable sheet metal production in Europe.”

The new mini-mill, which is expected to start production at the end of 2028 and to hit full capacity in 2029, will include two electric arc furnaces, advanced secondary metallurgy, a direct strip rolling mill to produce SSABs specialty products, and a cold rolling complex to develop premium products for the transport industry.

It will be fed partly from hydrogen reduced iron ore produced at the HYBRIT joint venture in Gälliväre and partly with scrap steel. The company hopes to receive its environemntal permits by the end of 2024.

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The announcement comes just one week after SSAB revealed that it was seeking $500m in funding from the US government to develop a second HYBRIT manufacturing facility, using green hydrogen instead of fossil fuels to produce direct reduced iron and steel.

The company said it also hoped to expand capacity at SSAB’s steel mill in Montpelier, Iowa. 

The two new investment announcements strengthen the company’s claim to be the global pioneer in fossil-free steel.

It produced the world’s first sponge iron made with hydrogen instead of coke at its Hybrit pilot plant in Luleå in 2021. Gälliväre was chosen that same year as the site for the world’s first industrial scale plant using the technology. 

In 2023, SSAB announced it would transform its steel mill in Oxelösund to fossil-free production.

The company’s Raahe mill in Finland, which currently has new most advanced equipment, will be the last of the company’s big plants to shift away from blast furnaces. 

The steel industry currently produces 7 percent of the world’s carbon dioxide emissions, and shifting to hydrogen reduced steel and closing blast furnaces will reduce Sweden’s carbon emissions by 10 per cent and Finland’s by 7 per cent.

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