The Swedish energy agency announced that Stegra has received about 37 million euros in additional government assistance under the Industrial Leap program for its planned fully integrated zero-emission steel plant in Boden.
Stegra has already received a grant of 100 million euros under the Industrial Leap program as part of a Swedish support package of 265 million euros, approved by the European Commission in accordance with EU state aid rules in September 2024 and partially funded through the Recovery and Sustainability Fund.
Thanks to the recently announced additional funding of 37 million euros, the total amount of government support allocated to the project has increased significantly.
Commenting on the development, Stegra CEO Henrik Henriksson stated: "We are grateful for the decision of the Swedish Energy Agency. This support allows us to strengthen the competitiveness of Sweden and Europe. There is still a gap within the limits approved by the EU, and we hope that further steps will be taken to close this gap and ensure a more level playing field for other projects."
The company's Boden project is seen as an important step in accelerating Europe's transition to fossil fuel-free steel production.
steelradar.com
