Purmo Group has entered a non-binding agreement with H2 Green Steel, agreeing terms on supply of 140,000 tonnes of steel between 2024 and 2031. Purmo Group is a leading supplier of indoor-climate comfort solutions and currently buys steel chiefly for the production of steel-panel radiators for global markets. Venturing in to green steel is a significant step. The Group has stated sustainability commitments that cover “products, production, people and communities” and, according to H2 Green Steel, conventional steel production generates up to 25% of Europe’s industrial CO₂ emissions.
John Peter Leesi, CEO of Purmo Group comments: “The future market for steel-panel radiators is strong and our customers share our vision that perfect indoor climates should not cost the planet’s climate. Significantly reducing the carbon-footprint of system components is very welcome news for our whole supply chain but, more importantly, for the planet’s climate.”
H2 Green Steel is a pioneer in decarbonising the future production of steel. Its first plant will be built in Boden, Northern Sweden, producing green hydrogen from fossil-free electricity that is then used in its green steel-making process. It is a start-up company, securing funding from forward-facing companies who share its vision. First production is planned for 2024.
Read more on the Purmo Group website.