Stegra has secured 1.4 billion euros in funding to complete its green-steel mill in northern Sweden, utilizing green hydrogen to significantly decrease carbon emissions. The project's goal is to decarbonize Europe's industrial sector and pioneer lower-emissions technology. The facility will initially produce 2.5 million metric tons of steel annually, with intentions to double production in the future. Despite previous financial challenges and delays, Stegra is now accelerating construction activities and anticipates commencing steel production within 18 to 24 months.
https://www.canarymedia.com/articles/green-steel/stegra-funding-complete-mill