GreenIron and Scandinavian Steel AB enter into commercial agreement for fossil-free iron

GreenIron and Scandinavian Steel AB, a leading distributor of metals, have signed a collaboration agreement. Under the agreement, Scandinavian Steel will become the exclusive distributor of GreenIron’s fossil-free iron, produced in Sandviken, Sweden.

The agreement covers a regular delivery of hydrogen DRI*, which will be offered to the Nordic and European markets.

This partnership marks a significant and meaningful step towards the future, where sustainability and innovation take centre stage. Offering the market a fossil-free product, aligned with global climate goals, is a crucial step forward for both companies and the industry as a whole.

A strategic partnership

Peter Witz, COO Scandinavian Steel comments on the collaboration:
“This partnership is a milestone not just for Scandinavian Steel but for the entire industry. Offering fossil-free iron to our customers is not only important – it is essential. We are proud to be the first distributor in the world to deliver this groundbreaking product to the market.”

Edward Murray, CEO GreenIron adds:
“Our collaboration with Scandinavian Steel is a crucial part of our strategy to bring our technology to customers in the Nordics and Europe. Their expertise and extensive network make them an ideal partner in driving the green transition within the metal industry.”

GreenIron is set to begin commercial production in Sandviken in 2025. The market has already shown significant interest in GreenIron’s fossil-free production technology, which represents a key step toward sustainable and circular metal production. As production scales up, it is expected to make a substantial impact in reducing carbon emissions and meeting the growing demand for environmentally responsible materials across the industry.