Stegra
What They Do & Why Kinnevik is Invested
Stegra revolutionizes steel production by employing hydrogen, iron ore and electric furnaces to create green steel with up to 95 percent lower carbon emissions than conventional methods.
With its large-scale production set to go live in Boden, Sweden, Stegra is well positioned to meet the growing demand for sustainable steel solutions while also expanding its green hydrogen technology across other carbon-intensive sectors.
Kinnevik is attracted to Stegra’s potential to decarbonize the steel industry – a major contributor to global CO2 emissions. The company is set to achieve attractive margins with its new integrated plant benefiting from significant supply-demand imbalances, access to low-cost renewable electricity and favorable regulatory tailwinds.
With key project elements already de-risked through proven technology, secured commercial contracts, and essential permits, Stegra is set to establish a leading position in the European steel industry.
Key Information
- Producer of green steel aiming to reduce carbon emissions by up to 95%
- Focused on decarbonizing hard-to-abate industries through green hydrogen, green iron and green steel initiatives
- Targets the steel sector, which accounts for 8% of global emissions
News in the Quarter
- Appointed to lead operations in Boden Niklas Wass, who brings over 22 years of experience from Outokumpu
