EIB and NIB to Provide €371 Million With InvestEU Backing for H2 Green Steel’s Large-Scale Production of Green Steel With Minimal Carbon Footprint
January 22, 2024 | 6 min read January 22, 2024 | 6 min read- The EIB and NIB financing, backed by the European Union’s InvestEU programme, is part of a project finance deal for the construction and development of H2 Green Steel’s large-scale steel plant in Boden, Sweden.
- The green steel will be produced with up to 95% fewer CO2Â emissions compared to the current manufacturing process.
- This ground-breaking European flagship project is essential for the decarbonization of the primary steel industry, one of the hard to abate sectors.