H2 Green Steel Signs Agreement with Port of Luleć

Source: www.gulfoilandgas.com 5/30/2023, Location: Europe

H2 Green Steel and Port of Luleć have signed a cooperation agreement. Under the agreement, H2 Green Steel chooses the port in Luleć as its primary logistics and transportation hub for intermediate goods and products to be transported to and from its new steel mill in Boden.

In the fall of 2022, a letter of intent was signed between H2 Green Steel, Port of Luleć and the port’s owner, Luleć Municipality. Throughout 2023, a collaboration agreement has been negotiated and is now signed by both parties. The agreement guarantees H2 Green Steel access to the Port of Luleć and commits the steel company to utilize the port for some of their in- and outflow of intermediate goods and products.

"This new cooperation agreement with the Port of Luleć is yet another important piece of our puzzle in succeeding with our green steel mill in Boden. We have been working very closely with Luleć Municipality and the Port of Luleć since day one of our launch. Thanks to good cooperation and a shared vision, we now have a clear plan for our next steps. We fully understand the challenges that Port of Luleć are facing in securing necessary land as well as financing, and we are grateful that we now can focus on concrete solutions that align with our tight time plan”, says Jenny Marin, Category Manager Logistics at H2 Green Steel.

For H2 Green Steel, who aims to begin production of green steel in Boden as early as end of 2025, the agreement allows them to plan for a logistics and transportation solution involving cargo flow through the port in Luleć.

“The agreement is a milestone. It secures our collaboration with a new customer who is expected to contribute substantial freight volumes within a few years. Additionally, it presents us with a crucial component in our efforts to strategize the expansion of a port that must increase its cargo capacity by several hundred percent by 2030. This expansion is necessary to cater to the requirements of several significant industrial clients who have made substantial investments in growth and the transition towards sustainability”, says Port of Luleć’s CEO Anders Dahl.


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