H2 Green Steel Rebrands as Stegra

 

H2 Green Steel Rebrands as Stegra

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H2 Green Steel Rebrands as Stegra

H2 Green Steel, a leading Swedish green steel company, has announced a rebranding to Stegra. The new name reflects the company's commitment to accelerating decarbonization in hard-to-abate industries.

Stegra, a Swedish word meaning "to elevate," symbolizes the company's ambition to raise the standards of sustainable steel production. The rebranding aligns with the company's expanded purpose of leveraging green hydrogen, green iron, and green steel segments to drive decarbonization.

The company is currently constructing a large-scale green steel plant in Boden. This plant will feature one electrolyzer with a capacity of 690 megawatts (MW), a direct reduction plant, two electric arc furnaces, and cold rolling and finishing facilities. The plant is expected to be commissioned in 2026 and will have an annual green steel production capacity of 2.4 million metric tons.

Stegra's rebranding marks a significant milestone in its journey towards becoming a global leader in sustainable steel production. The company's focus on green technologies and its commitment to decarbonization aligns with the growing demand for sustainable materials in various industries.

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