News

HYBRIT: SSAB, LKAB and Vattenfall to start up the world’s first pilot plant for fossil-free steel
Vattenfall Press release 2020-08-31 15:29
Today, SSAB, LKAB and Vattenfall are taking a decisive step toward fossil-free steelmaking with the start-up of HYBRIT’s globally unique pilot plant for the production of fossil-free sponge iron. Swedish Prime Minister Stefan Löfven started up the plant together with Isabella Lövin, Minister for Environment and Climate and Deputy Prime Minister, Martin Lindqvist, President and CEO of SSAB, Jan Moström, President and CEO of LKAB and Magnus Hall, President and CEO of Vattenfall. SSAB, LKAB and Vattenfall aim to create a complete value chain for fossil-free steel.
“Right now we have a historic opportunity to do things that provide jobs here and now – but also hasten the climate transition that everyone realises is necessary. Today, you are laying the foundations that will enable the Swedish steel industry to be entirely fossil- and carbon dioxide- free in 20 years. Together we can rebuild Sweden as the world’s first fossil-free welfare nation,” says Swedish Prime Minister Stefan Löfven. “This inauguration concretizes that the industrial transition is taking place as we speak, and that a fossil-free society is within reach. This unique project has generated a lot of international attention for Sweden. Through the Leadership Group for Industry Transition, which the UN has asked Sweden to lead, this has the opportunity to reverberate around the world,” says Isabella Lövin, Deputy Prime Minister and Climate Minister. “I’m incredibly proud that our globally unique pilot plant has now been completed. It is a milestone in the transition to fossil-free steel. We aim to be the first to market, in as early as 2026, with fossil-free steel. HYBRIT technology will enable us to eliminate carbon dioxide emissions in steelmaking and at the same time help our own customers to reduce their climate footprint. We have the chance to revolutionize the entire steel industry and show that net-zero emissions is possible. We must seize this chance,” says Martin Lindqvist, President and CEO of SSAB. “I am delighted that today we can start up the plant together with the realization that Swedish industry is leading the global transition to sustainable development and lower climate impact. For LKAB, HYBRIT is a step on our journey towards our goal of being a leading carbon-free actor in a fossil-free value chain in 2045. The pilot plant will play a decisive role before we can ramp up the technology for use on an industrial scale. The oxygen in the iron is the great challenge and we need to eliminate it,” says Jan Moström, President and CEO of LKAB. “A partnership like this shows how we can take the lead in the transition to innovative, fossil-free products. Vattenfall seeks to enable a fossil-free life within a generation, not just through fossil-free production but also through partnerships like HYBRIT, where we can use electricity as a source of innovation for a fossil-free future. Our fossil-free electricity and its conversion to hydrogen are key components here, not just for the steel but also because the storage of hydrogen can balance an electricity system with more weather-dependent power generation and increased capacity challenges. I am proud that everyone involved has made it possible to start up this plant today and I look forward to seeing fossil-free steel on the market,” says Magnus Hall, President and CEO of Vattenfall. Just over 2 years ago on June 20, 2018, the ground was broken to mark the start of building the pilot plant for fossil-free sponge iron (DRI/HBI) with financial support from the Swedish Energy Agency. At the plant, HYBRIT will perform tests in several stages in the use of hydrogen in the direct reduction of iron ore. The hydrogen will be produced at the pilot plant by electrolyzing water with fossil-free electricity. Tests will be carried out between 2020 and 2024, first using natural gas and then hydrogen to be able to compare production results. The framework for HYBRIT also includes a full-scale effort to replace fossil oil with bio oil in one of LKAB’s existing pellet plants in Malmberget in a test period extending until 2021. Preparations are also under way to build a test hydrogen storage facility on LKAB’s land in Svartöberget in Luleå, near the pilot plant. The HYBRIT initiative has the potential to reduce carbon dioxide emissions by 10% in Sweden and 7% in Finland, as well as contributing to cutting steel industry emissions in Europe and globally. Today, the steel industry generates 7% of total global carbon-dioxide emissions. With HYBRIT, SSAB, LKAB and Vattenfall aim to create a completely fossil-free value chain from the mine to finished steel and to introduce a completely new technology using fossil-free hydrogen instead of coal and coke to reduce the oxygen in iron ore. This means the process will emit ordinary water instead of carbon dioxide. ­ About HYBRIT Hybrit Development is a jointly owned company formed by the steel manufacturer SSAB, the mining company LKAB and the energy company Vattenfall. The purpose of the collaboration is to develop the world's first fossil-free ore-based steelmaking process. The by-product obtained by using fossil-free electricity and hydrogen instead of coke and coal in steel production is water instead of carbon dioxide. The project has the potential to reduce Sweden's total carbon dioxide emissions by ten percent. The HYBRIT project has been granted financial support from the Swedish Energy Agency. https://group.vattenfall.com/press-and-media/news--press-releases/pressreleases/2020/hybrit-ssab-lkab-and-vattenfall-to-start-up-the-worlds-first-pilot-plant-for-fossil-free-steel For more information:
More
Euroflorist Nederland BV New Regional Director Central Europe
The Swedish Chamber of Commerce is very pleased to welcome Jacqueline Bakker to our  Swedish- Dutch business network. Jacqueline Bakker is new Regional Director Central Europe for Swedish Chamber Member company Euroflorist.    
More
 Annual SCI and World Trade Day brought together Swedish Chambers across the world
On August 25, 2020 Swedish Chambers International (SCI) hosted its annual SCI Day. The event this year held virtual, brought together 25+ international Swedish Chambers from across the world for workshops and best practice discussions. Extended international collaborations, challenges, exchange best chamber practice and of course how to add value to member companies were some of the topics discussed.  The SCI Day which in normally hosted by the Stockholm Chamber of Commerce in Stockholm is traditionally followed by the World Trade Day. This year was no exception only again, this was held virtual. This year’s interesting program presented the results of the Global Business Climate Survey conducted on 24 markets  around the world in collaboration with the Swedish Chamber of Commerce’s, Business Sweden and Swedish Embassies. Read more about the survey elsewhere on our website and in our latest Newsletter.   About Swedish Chambers International (SCI) The Swedish Chambers International (SCI) represents a significant part of the Swedish business community, outside of Sweden. The SCI consist of Swedish Chambers of Commerce in 38 key locations where companies with Swedish connections do business. Our Swedish partner is the Stockholm Chamber of Commerce. A foreign chamber of commerce is a non-profit organization serving its corporate members. Large and small Swedish companies come together to work on issues that concern everyone. We strive to be a meeting platform for business contacts and social interaction. Our aim is to highlight and define growth potential for businesses around the world. We work with public bodies and other organizations - with the joint goal to expand the bilateral trade and economic exchange, essential for prosperity and development. The Swedish Chambers International – Swedish chambers of Commerce all over the world. Swedish companies and Swedish brands are equally well known and respected as the country of Sweden. Wherever in the world you are - you are constantly reminded of Swedish companies and Swedish innovations. The SKF logo is clearly visible on a facade of Chongqing in China, Volvo buses rolls in Sao Paolo, Brazil, H&M opens a store in New York City, Ericsson has built telecom networks in Nairobi and IKEA stores are to be found in every major city - Swedish business is in the middle of a global change and development. Trade and exchanges with other countries - near and far - has been and is an important part of Sweden's success story.
More
Constructive’ talks as deal reached on third coronavirus support package
Ministers, unions and employers have reached agreement on a third round of government support for companies hit by the coronavirus crisis, with a new end date of July 1, 2021. As now, companies will be able to apply for help in paying wages under the NOW scheme if their turnover has gone down by at least 20%. Earlier leaks had suggested this would be cut to 30%. In addition, firms will be able to claim up to 90% of their wage bill. Again, there had been suggestions this would be cut, or gradually reduced. However, the payment does depend on employers committing to putting more money into retraining staff, so they can move to other jobs. According to broadcaster NOS, the impact of the measures will be looked at in January, and may be watered down then. However, employer chief Hans de Boer and the unions said they were pleased with the deal which offers a ‘solid’ commitment on retraining. And social affairs minister Wouter Koolmees said the discussions with unions and employers were ‘constructive’. The details of the agreement will be finalised in Friday’s cabinet meeting and later made public. Read more at DutchNews.nl: https://www.dutchnews.nl/news/2020/08/constructive-talks-as-deal-reached-on-third-coronavirus-support-package/ and at the Dutch Government:
More
Giga – A journey to break down the digital divide by Ericsson
COVID-19 has underscored the digital divide - and made Swedish Chamber Patron Member Ericsson's  partnership with UNICEF more urgent than ever. 360 million young people are not online. Learn why we're mapping connectivity in an effort to help Giga connect every school to the internet by reading the latests blog by Paul Landers is Head of Learning for Ericsson in Sweden and a senior advisor to the Connect to Learn program, which he co-founded and managed between 2010 and 2014.     https://bit.ly/3jrU5Rt  
More
The Swedish Chamber of Commerce is looking for new interns for spring 2021
The Swedish Chamber of Commerce for the Netherlands is currently looking to welcome two interns for the spring of 2021. As an intern, you will be an important part of the team at the Chamber and contribute to the everyday operations of the entire organization. The internship lasts between January 25th 2021 and June 11 2021, and includes both specific duties to your internship role as well as supporting the office with administrative tasks. The Chamber seeks to recruit two interns. One as an Event and Programmes management intern and one as a Marketing and Communications intern. To read more about the positions click
More
Sweden announces ‘historic’ 100 billion kronor budget to revive pandemic-hit economy
Sweden's government has allocated more than 100 billion for its 2021 budget in a bid to give the economy a needed boost amid the coronavirus crisis."Our starting point is that we are going to put forward a budget that is historic in its scope," Finance Minister Magdalena Andersson told a press conference on Thursday afternoon. There was also tentative positive news as the government adjusted its forecasts for how the Swedish GDP will develop. It is still expected to decline by 4.6 percent this year, with a predicted growth of 4.1 percent in 2021. That's a significant improvement on the previous forecast of a 6 percent drop in 2020 and 3 percent growth in 2021. "Our starting point is that we are going to put forward a budget that is historic in its scope," Finance Minister Magdalena Andersson told a press conference on Thursday afternoon. She did not go into details as to how the 100 billion would be allocated, with the full budget set to be presented in September. "We will do it through strong investments in more jobs in welfare, care, schools, and of course in the climate," she said. There was also tentative positive news as the government adjusted its forecasts for how the Swedish GDP will develop. It is still expected to decline by 4.6 percent this year, with a predicted growth of 4.1 percent in 2021. That's a significant improvement on the previous forecast of a 6 percent drop in 2020 and 3 percent growth in 2021. "The assessment is that activity in the Swedish economy reached its bottom in April-May, and we have seen a certain recovery. We are now looking a little more positively at the economic situation compared to in June. There is still continued great uncertainty, and obviously it depends how the pandemic develops," said Andersson. Meanwhile, the unemployment rate was projected to reach 9 percent by the end of 2020, to further rise to 9.5 percent next year. This is a slight improvement on the previous forecast of 9.3 percent this year and 10.3 percent in 2021.   https://www.thelocal.se/20200827/sweden-announces-historic-100-billion-kronor-budget-to-revive-pandemic-hit-economy
More
The Global Business Climate Survey 2020 Report

Swedish companies operating overseas have established key positions in global value chains and industrial ecosystems. The Global Business Climate Survey captures their perspectives from the ground. The survey monitors the views of 1,300 decision makers regarding local business conditions and success factors across 24 markets.

From Singapore to Brazil, Swedish companies have a business footprint in every corner of the world with operations that involve both extensive production and sales. The Global Business Climate Survey captures their instincts and views on local business conditions and the factors that determine success overseas. As the global economy becomes increasingly regionalized and dominated by the three main economic powerhouses North America, Europe and Asia, many Swedish companies will be forced to ramp up their international business activities in order to expand revenue and maintain competitiveness. But rising economic nationalism, trade conflicts, the Covid-19 pandemic and other obstacles present a whole range of challenges. Launched for the first time in 2020, the Global Business Climate Survey consolidates the results from surveys carried out among Swedish companies in 24 markets – giving readers a unique perspective on key considerations when doing business abroad. Presenting input from 1,300 decision makers answering 17 standard questions, the survey highlights everything from local levels of digitalization and customs issues to sustainability factors, as well as the perceived importance of a Swedish brand identity abroad. The Global Business Climate Survey has been put together by Business Sweden, the Swedish Chambers of Commerce and Sweden’s embassies and consulates abroad. Thanks to vital methodological contributions from researchers at the Stockholm School of Economics, the survey creates a unique database of viewpoints that allows companies to do a comparative analysis of different markets. Read the full report: To watch the Global Business Climate Survey 2020 Launch click   Source: Lena Sellgren Chief EconomistStockholm Bsuiness Sweden
More

Patrons