Stegra operates a steel production plant in Boden, Sweden, utilizing green hydrogen to convert iron ore into green iron, thereby producing near-zero emission steel. This process aims to significantly reduce global steel industry CO₂ emissions, addressing the sector's contribution of over 7% to total greenhouse gas emissions.
Funding
Funding not disclosed
Founders
Product
Problem
The global steel industry contributes over 7% of total greenhouse gas emissions, primarily due to the use of coal in traditional steel production. This makes it a significant challenge to decarbonize, requiring innovative approaches to reduce the industry's environmental impact.
Solution
Stegra operates a steel production plant that utilizes green hydrogen, produced via electrolysis powered by renewable electricity, to convert iron ore into green iron. By replacing coal with green hydrogen, the process emits only water vapor, enabling the production of near-zero emission steel. This approach significantly reduces CO₂ emissions compared to conventional methods, setting a new standard for sustainable steel manufacturing. The fully integrated, digitalized, and circular plant aims to reduce steel emissions by over 7 million tonnes per year when fully operational.
Target Audience
The primary target audience includes industries such as automotive, construction, and manufacturing seeking to reduce their carbon footprint by sourcing sustainably produced steel.
Features
- Green hydrogen production via giga-scale electrolyzer powered by renewable electricity
- Direct reduction of iron ore using green hydrogen, emitting only water vapor
- Fully integrated, digitalized, and circular plant design
- Production of near-zero emission steel