H2 Green Steel explores expansion in Canada

H2 Green Steel holds talks with the Canadian government for a steel factory in northern Quebec, similar to the one being built in Boden, northern Sweden, Bloomberg reports.

H2 Green Steels vd Henrik Henriksson. Arkivbild.

H2 Green Steels vd Henrik Henriksson. Arkivbild.

Foto: Malin Hoelstad/SvD/TT

Ekonomi2023-10-10 17:10

The news agency interviewed CEO Henrik Henriksson in Ottawa, along with a delegation that included Marcus Wallenberg. They are scheduled to meet with Canadian Prime Minister Justin Trudeau.

Discussions will focus on H2 Green Steel's need for significant energy resources for its fossil-free steel plant.

The investment in Canada is estimated to be between 3 and 6 billion euros, or about 70 billion kronor, according to Bloomberg.