UPDATE: SSAB to invest in Finnish LNG terminal
SSAB has joined Manga LNG Oy in its project to develop an LNG terminal in Tornio, Northern Finland.
The terminal will serve industry, mines and other gas users in the area. SSAB’s site in Raahe will also make use of the liquefied gas. At the Raahe steel mill, LNG will replace LPG in the walking beam furnace in the strip mill and be used as a support fuel in the boiler of the new power plant. SSAB will be able to replace the use of oil-based fuels and thus reduce particulate, NOx, SOx and carbon dioxide emissions from their present levels.
Manga LNG Oy is a joint venture of Outokumpu Oyj, SSAB, Skangass and EPV Energia Oy. Wärtsilä will supply the terminal. SSAB has a 25% share in the terminal project, and will contribute approximately €7 million in equity to the Tornio terminal, and approximately €5 million to the Raahe terminal.
Earlier this year, SSAB switched over to using LNG in one of the reheating furnaces in the hot strip mill in Borlänge, Sweden. Switching over to natural gas is part of SSAB’s strategy to make the energy system more sustainable and cost efficient.
Adapted from press release by Katie Woodward
Read the article online at: https://www.lngindustry.com/regasification/19122014/ssab-invests-in-wartsila-terminal-1985/
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