In Sweden, the idea of green steel is imploding. Green steel manufacturer Stegra needs billions, and the CEO is leaving. #Stegra #GreenSteel #Sweden #Industry Billion demand: Stegra is building a large plant for green steel in Boden, northern Sweden, where hydrogen and renewable electricity are supposed to significantly reduce CO2 emissions. According to Affärsvärlden, the project now requires at least another 10 billion Swedish kronor, and Henrik Henriksson is stepping down as CEO. Financing: On January 9, 2025, Henriksson stated that Stegra was fully financed. On July 22, 2025, he said the company had the necessary liquidity. Affärsvärlden is now drawing clear parallels to the failed Swedish battery manufacturer Northvolt. The additional billion demand shows the financial and operational pressure one of the largest European projects for green steel is currently facing. Thank you for this important note! Source: (Affärsvärlden) https://t.co/EuVfVExp6Z #GrünerStahl #Schweden #Industrie (translated)

