We have previously written about why high-quality scrap steel is necessary for the green transition. That piece mostly dealt with the quality and reliability advantages for the end users. But there are more advantages to scrap steel in relation to the green transition:

In June 2023, the Sustainable Shipping Initiative (SSI) published a remarkable report on green steel and shipping which explores the material flow of steel and potential for green steel in the shipping sector.

Having covered why we have founded Renable, and whether a demand for our solution exists, there remains for us to set out what impact we might expect from our novel approach to the optimisation of ship recycling.

The market for ship recycling is expected to grow from currently 6-7 million tonnes per year to around 28 million tonnes per year in the 2030'ies, as illustrated in this graph:

The Government of Denmark on 30 May made a commitment to tendering up to 14 GW of offshore wind power, to be in operation by 2030. This tremendous expansion of Denmark's electricity generation capacity goes far beyond Denmark's current electricity needs.