Alfa Laval and SSAB join forces to produce the first heat exchanger made from fossil-free steel

LUND, Sweden, May 31, 2022 /PRNewswire/ — Alfa Laval has signed an agreement with SSAB, Sweden’s global steel company, to collaborate in the development and commercialization of the world’s first heat exchanger to be made from fossil-free steel. The goal is to have the first unit made with low hydrogen steel ready by 2023. This collaboration is also an important step in Alfa Laval’s journey to become carbon neutral by 2030.

Global steel production accounts for 7% of global carbon emissions. With a leadership position in high-strength steel, SSAB’s upcoming fossil-free steel made with HYBRIT technology will be a breakthrough for the industry as it transitions to more sustainable operations. Alfa Laval’s energy-efficient heat exchangers, used in industrial processes around the world, are made of 40% steel and are up to 50% more efficient than traditional technology. This means they can save energy and reduce CO2 emissions. Energy efficiency could actually reduce greenhouse gas emissions by more than 40% by 2040, according to the International Energy Agency (IEA), with 50% of this energy saving coming from of the industrial sector.

“I am delighted to announce this collaboration with SSAB, which builds on our shared expertise and our determination to drive innovation,” said Tom Erixon, President and CEO of Alfa Laval. “By combining their fossil-free steel and our energy-efficient heat exchangers, we can help transform the industry towards carbon neutrality.”

Martin LindqvistSSAB President and CEO said: “We are proud to welcome Alfa Laval as a partner and look forward to exploring ways to mitigate climate change together. Through this collaboration, we are reaching new segments and hopefully inspiring a whole new range. of customers.”

Did you know… Alfa Laval has set itself the goal of becoming carbon neutral by 2030 across the entire value chain.

It’s Alfa Laval

Alfa Laval is a world leader in heat transfer, centrifugal separation and fluid processing, and is active in the energy, marine and food and water sectors, offering its expertise, its products and services to a wide range of industries in some 100 countries. . The company is committed to optimizing processes, creating responsible growth and driving progress to help customers achieve their business goals and sustainability goals.

Alfa Laval’s innovative technologies are dedicated to the purification, refining and reuse of materials, promoting a more responsible use of natural resources. They help improve energy efficiency and heat recovery, improve water treatment and reduce emissions. In this way, Alfa Laval not only accelerates the success of its customers, but also that of people and the planet. Make the world a better place, every day.

Alfa Laval has 17,900 employees. Annual sales in 2021 were 40.9 billion Swedish crowns (about. 4 billion euros). The company is listed on Nasdaq Stockholm.

www.alfalaval.com

It’s SSAB

SSAB is a Nordic and American steel company. SSAB offers value-added products and services developed in close collaboration with its customers to create a stronger, lighter and more sustainable world. SSAB has employees in more than 50 countries and has production sites in Sweden, Finland and the United States. SSAB is listed on Nasdaq Stockholm and has a secondary listing on Nasdaq Helsinki.

For more information please contact:
Johan Lundin
Head of Investor Relations
Alfa Laval
Tel: +46 46 36 65 10
Mobile: +46 730 46 30 90
Eva Schiller
Professional manager
Alfa Laval
Tel: + 46 46 36 71 01
Mobile: +46 709 38 71 01

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/alfa-laval/r/alfa-laval-and-ssab-join-forces-to-produce-the-first-heat-exchanger-made-using-fossil-free-steel, c3576710

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SOURCEAlfa Laval

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