GreenIron secures additional funding from existing shareholders

GreenIron has raised SEK 125 million in additional funding from existing shareholders, with FAM now becoming the company’s largest owner.

The company is in the final stage before commercial operations, currently undergoing hot commissioning of its first production site in Sandviken.

In March, Lotta Lyrå was appointed Chair of the Board, and in May, Mathias Tillman became CEO. Under this new leadership, GreenIron has adopted a focused roll-out strategy, concentrating on recycling residuals from the steel industry, with an initial emphasis on the Nordic region.

Mathias Tillman comments:

“This additional investment is a clear and encouraging testament to our owners’ confidence in GreenIron’s potential and our focused strategy. In less than two years, GreenIron has built a full-scale facility, established a highly capable organisation to operate it, and developed vital customer relationships. We now have a platform for a de-risked roll-out, and our immediate priority is to complete commissioning and ramp up operations in Sandviken, followed by continued expansion and development.”