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A Swedish firm backed by investors including Spotify founder Daniel Ek plans to build a steel production facility in the north of the country that will be powered by what it describes as “the world’s largest green hydrogen plant.”
H2 Green Steel, which was established in 2020, will focus on steel made using a “fossil-free manufacturing process” and look to supply European manufacturers with its end product.
In an announcement earlier this week the company — which will be headed up by Henrik Henriksson, the current CEO of Scania — said steel production would start in 2024 and be based in Sweden’s Norrbotten region. By 2030, the aim is for the business…