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RESEARCH

Norwegian billionaire to build giant ship for environment research

Norwegian billionaire Kjell Inge Røkke is funding the purchase of a giant research vessel for the World Wild Fund for Nature (WWF).

Norwegian billionaire to build giant ship for environment research
Kjell Inge Røkke pictured in 2012. Photo: Lise Åserud/NTB scanpix

The 181-meter-long vessel, which is scheduled to be launched in the summer of 2020, will give researchers tools they could not otherwise have dreamed of, reports Aftenposten.

Equipment on board the research ship will enable researchers to take measurements from the atmosphere as well as 6,000 metres below the surface of the sea – including up to 20 metres under the seabed.

Mini-submarines and both under and overwater drones will be attached to the research vessel, which will also house an auditorium and seven laboratories, writes Aftenposten.

“This vessel will be able to take marine research to a completely new level. Finding solutions has never been more urgent,” the head of WWF Norway Nina Jensen said in a statement.

The ship will be able to collect and melt up to five tonnes of plastic every day without any harmful emissions, reports the newspaper.

READ ALSO: Norwegian government to spend millions removing litter from sea

“I have had the pleasure of being deeply involved in this project and will continue to be,” Røkke said in a rare interview with Aftenposten.

Røkke, a former fisherman who made his fortune after buying a trawler in the United States in 1982, is funding the entire project out of his own pocket, paying an unknown sum for the purchase and maintenance of the craft as well as its crew of 30 and 60-strong research team.

“The sea has given me great opportunities. I’m grateful for that,” the billionaire said.

A desire to use his fortune to benefit society lies behind the idea to fund the ship, Røkke said.

“I want to give the lion’s share of what I have earned back to society. This ship is part of that. The idea of a ship like this has developed over many years, but the plans only became reality over the last year,” he said.

Røkke controls several companies through his 66.7-percent stake in holding company Aker, including oil production group Aker BP, oil services group Aker Solutions, engineering group Kvaerner and biotech and fisheries group Aker Biomarine.

The businessman was reported last year by Kapital to be the tenth richest man in Norway, with a fortune totalling 17.2 billion kroner ($2 billion), and has also been named the country's richest man in the past.

“I have never worked with a company that has been so firm in its principle of operating sustainably, so we didn't hesitate when Røkke invited us to work on the development of this research ship,” said Jensen to Aftenposten.

Jensen and WWF already have collaborated with Røkke in other maritime projects over the last decade, reports the newspaper.

The research expedition vessel (REV) will be available for expeditions and research as well as for hire as a private yacht, according to the report.

Income will be used to reduce maintenance costs and help fund research and equipment costs.

Røkke told Aftenposten that he was concerned about both climate change and plastic pollution in the seas, but that his passion for science was one of the key elements in his funding the project.

“I have a desire to give something back. The ship will be a platform for creating more science and understanding. Researchers and other academic disciplines will hopefully be able to develop solutions and make a difference,” he said.

The billionaire added that he partly chose to work with WWF due to their commitment to the environment without using scare tactics or hyperbole that weaken the environmentalist cause.

“I don’t think we are near judgement day. The challenges are great, but we can solve them. I’m not in doubt about that. Panic and scare propaganda are often an obstacle to finding good solutions. I look forward to working with Nina and WWF,” he said.

READ ALSO: All the news on Norway and the environment

ENVIRONMENT

Sweden’s SSAB to build €4.5bn green steel plant in Luleå 

The Swedish steel giant SSAB has announced plans to build a new steel plant in Luleå for 52 billion kronor (€4.5 billion), with the new plant expected to produce 2.5 million tons of steel a year from 2028.

Sweden's SSAB to build €4.5bn green steel plant in Luleå 

“The transformation of Luleå is a major step on our journey to fossil-free steel production,” the company’s chief executive, Martin Lindqvist, said in a press release. “We will remove seven percent of Sweden’s carbon dioxide emissions, strengthen our competitiveness and secure jobs with the most cost-effective and sustainable sheet metal production in Europe.”

The new mini-mill, which is expected to start production at the end of 2028 and to hit full capacity in 2029, will include two electric arc furnaces, advanced secondary metallurgy, a direct strip rolling mill to produce SSABs specialty products, and a cold rolling complex to develop premium products for the transport industry.

It will be fed partly from hydrogen reduced iron ore produced at the HYBRIT joint venture in Gälliväre and partly with scrap steel. The company hopes to receive its environemntal permits by the end of 2024.

READ ALSO: 

The announcement comes just one week after SSAB revealed that it was seeking $500m in funding from the US government to develop a second HYBRIT manufacturing facility, using green hydrogen instead of fossil fuels to produce direct reduced iron and steel.

The company said it also hoped to expand capacity at SSAB’s steel mill in Montpelier, Iowa. 

The two new investment announcements strengthen the company’s claim to be the global pioneer in fossil-free steel.

It produced the world’s first sponge iron made with hydrogen instead of coke at its Hybrit pilot plant in Luleå in 2021. Gälliväre was chosen that same year as the site for the world’s first industrial scale plant using the technology. 

In 2023, SSAB announced it would transform its steel mill in Oxelösund to fossil-free production.

The company’s Raahe mill in Finland, which currently has new most advanced equipment, will be the last of the company’s big plants to shift away from blast furnaces. 

The steel industry currently produces 7 percent of the world’s carbon dioxide emissions, and shifting to hydrogen reduced steel and closing blast furnaces will reduce Sweden’s carbon emissions by 10 per cent and Finland’s by 7 per cent.

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