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Stegra

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  1. 1

    Swedish industrial company Stegra has removed Håkan Buskhe from his position as chief executive. Sveriges Radio describes the move as part of crisis measures at the company, which is building a major green steel plant in Boden. The surprise leadership change is drawing attention to the financial pressure on one of Sweden's largest industrial projects.

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    Stegra, the Swedish company building a large green steel plant in Boden, is being talked about in Sweden. The company, formerly known as H2 Green Steel, aims to produce steel with near-zero carbon emissions using hydrogen and renewable electricity, making it one of Europe's most prominent industrial decarbonisation projects.

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    Swedish green steel startup Stegra names new CEO as funding gap looms▼Swedish green steel startup Stegra appoints new CEO, needs more capital✉newsBusinessStartups2 d ago

    Stegra, the Swedish green steel startup building a low-emissions steel plant, has appointed a new chief executive. Alongside the leadership change, the company confirmed it still needs to raise additional capital to complete its plans, underlining the heavy financing demands facing Europe's green industrial projects.