<aside> đź’ˇ Based in Stockholm, Sweden, and founded in 2020, Stegra (Previous name: H2 Green Steel) appears to be leading the decarbonization of the steel industry, primarily through its green hydrogen-powered Direct Reduced Iron (DRI) technology. This innovative approach has the potential to reduce CO2 emissions by up to 95% compared to conventional blast furnace processes, positioning the company at the forefront of steel production decarbonization. Stegra's foresight lies in directly addressing the steel industry's biggest challenge: its enormous carbon footprint (in Japan, the steel industry's CO2 emissions reportedly accounted for approximately 10% of national emissions in fiscal year 2020). The company reportedly achieves truly clean steel production by using renewable energy to electrolyze water, utilizing the resulting green hydrogen as a reducing agent to produce pure iron directly from iron ore. This process completely eliminates the use of coal, emitting only water vapor. Beyond its technologically innovative endeavors, Stegra's aim to integrate the entire production process at its Boden steelworks, striving for highly efficient and sustainable operations, is noteworthy. Furthermore, the demand for green steel is rapidly expanding across diverse industries such as automotive, construction, and machinery, driven by growing environmental awareness. The company is aiming to establish a pioneering position in this vast market, and its presence is expected to hold significant importance for companies pursuing decarbonization throughout their value chains. Stegra's vision is to support the transition to a sustainable society and transform the very nature of industry. It appears to be striving to lead next-generation industries by combining green hydrogen with innovative production processes, thereby minimizing environmental impact while consistently supplying high-quality steel. If this vision is realized, it could positively impact global supply chains and significantly contribute to achieving a sustainable future. The substantial investments secured from major corporations and financial institutions also attest to the high level of trust placed in its business model and technology. Great anticipation surrounds the company's future endeavors. (AS)
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Stegra – Decarbonizing at scale - Stegra
Speaking of Steel Ep 5. H2 Green Steel's head says countdown begins for production at Sweden plant