H2 Green Steel signs agreement with Port of Luleå: A crucial step for both parties
H2 Green Steel and Port of Luleå have signed a cooperation agreement. Under the agreement, the steel company chooses the port in Luleå 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 Luleå and the port’s owner, Luleå 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 Luleå 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 Luleå is yet another important piece of our puzzle in succeeding with our green steel mill in Boden. We have been working very closely with Luleå Municipality and the Port of Luleå 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 Luleå 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.
Jenny MarinCategory 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 Luleå.
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.
Anders DahlCEO of Port of Luleå