Carl-Erik Lagercrantz, who is CEO of the investment company Vargas Holding and H2 Green Steel, will take part in a webcast press conference.

He is also chairman of the board of Northvolt, which is building the large battery factory in Skellefteå.

The newly started company H2 Green Steel (H2GS) has already acquired a heavy name in the industrial world.

And they now want to invest in fossil-free steel production in 2024 in Luleå-Boden.

The company believes that an important source of inspiration is the groundbreaking HYBRIT project and its founders SSAB, LKAB and Vattenfall.

They look forward to a good collaboration with a common ambition to develop Sweden's position as a world leader in fossil-free steel production.

- We want to accelerate the transformation of the European steel industry.

Electrification was the first step in reducing carbon dioxide emissions from the transport sector - the next step is to make steel in cars and other consumer products green, ”says Carl-Erik Lagercrantz.

H2GS will create approximately 1,500 direct jobs in Norrbotten.

The investment means that Sweden's net export value is estimated to increase by around SEK 30 billion.

"The climate crisis is the biggest challenge of our time"

Henrik Henriksson, today CEO of Scania, will lead the company.

- The climate crisis is the biggest challenge of our time - and given the steel's great impact on other industries' journey towards sustainable solutions, a change is extremely important.

H2 Green Steel will help accelerate this important change and make Swedish steel world famous, not only for its quality, but also as the world's greenest steel.

It is exciting to be involved from the beginning and build up Sweden's next export success, says Henriksson.

By 2030, H2GS will have an annual production capacity of 5 million tonnes of steel.

The press conference is also attended by the chair of the municipal board in Luleå, Carina Sammeli (S) and the chair of the municipal board in Boden, Claes Nordmark (S).

The text will be updated in the morning.