World’s First Green Steel Plant Raises $4.6 Billion in Debt
- The large-scale green steel plant set to start early 2026
- Steel making accounts for about 7% of the world’s emissions
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Swedish startup H2 Green Steel AB secured its biggest ever financing package as it proceeds with the world’s first large-scale green steel plant in northern Sweden.
The firm signed agreements for a further €4.2 billion ($4.6 billion) in debt financing while also taking its total equity raising to €2.1 billion for the plant slated to come online early 2026, Chief Executive Officer Henrik Henriksson said at a press conference in Stockholm.