STOCKHOLM, May 22, 2024
/PRNewswire/ -- Lindab committed very early to purchasing
near-zero emissions steel from H2 Green Steel. The two companies
have since converted the early term sheet agreement into a 7-year
supply contract with deliveries planned to start in 2026. The total
volume covered by the contract is 159.000 tons of near-zero
emissions steel.
Lindab delivers solutions for energy-efficient ventilation and a
healthy indoor climate to the construction industry. Buildings
account for 40% of global energy consumption. Efforts to increase
energy efficiency in the construction sector are therefore crucial
to achieving the target of the Paris Agreement. Lindab is an
industry-leader in Europe and also
leads the way in sustainability by both helping construct healthy
buildings and reduce the environmental impact from its own and its
customers' operations.
"At Lindab, sustainability is a way of thinking and
working. In order for us to deliver on our mission to create
buildings with a healthy indoor climate, we need to work with the
right partners to minimize the impact in our supply chain. Steel is
the biggest emissions driver in our supply chain and together with
H2 Green Steel, we will make big strides in this area,"
says Ola Ringdahl, President and CEO at Lindab.
One of Lindab's focus areas for its operations is sustainable
sourcing. This agreement with H2 Green Steel will contribute to a
significant drop in carbon emissions in Lindab's materials supply
chain, as steel accounts for a majority of its material
purchases.
"This contract shows real commitment from both parties to
working together on long-term solutions for significantly reducing
the CO2 footprint in this critical sector. Founded in
Sweden, Lindab started 65 years
ago and have since developed into an international company whilst
keeping a down-to-earth culture. This is a journey we can take
inspiration from as H2 Green Steel grows, together with partners
like Lindab," says Stephan Flapper, Commercial Director, H2 Green
Steel.
For further information
Karin Hallstan, Head of Public and Media Relations, phone: +46 76
842 81 04, email: press@h2greensteel.com
Catharina Paulcén, Head of Corporate Communications, phone
+46 701 48 99 65, email: catharina.paulcen@lindab.com
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