Stegra (formerly H2 Green Steel) is the Stockholm-based green-steel and hydrogen venture building Europe’s first large-scale hydrogen-based direct-reduced-iron plant in Boden, Sweden. Its second industrial bet is Sines, where Stegra has reserved land and grid capacity for a multi-billion-euro green-hydrogen and green-iron complex targeting Iberian and North-African markets.
Stegra signed with the Portuguese authorities to reserve industrial land in the Sines Industrial and Logistics Zone (ZILS) and was allocated a large block of renewable power and grid capacity for a second-site green-iron and hydrogen complex. The Sines project is conceived as a southern-European replica of Stegra’s flagship Boden plant, using electrolytic hydrogen to reduce iron ore into hot-briquetted iron (HBI) for European steelmakers that need to decarbonise their blast-furnace feedstock.
Portugal was selected because it combines some of Europe’s cheapest solar and wind power with a deep-water Atlantic port (Sines) capable of handling iron-ore imports and HBI exports at scale. Stegra joins CIP/Madoqua, Galp, EDP, Fusion Fuel and other consortia that have concentrated around Sines as the anchor cluster for Portugal’s green-molecules economy.
Stegra at Sines is the most ambitious single Swedish industrial commitment to Portugal in decades. It hard-wires Nordic industrial capital and decarbonisation know-how into Portugal’s emerging hydrogen cluster, and creates a direct pipeline of supplier, EPC, and engineering opportunities for Nordic firms with experience from the Boden build. For Portugal, Stegra validates the Sines thesis beyond the MadoquaPower2X project and signals that the country can attract heavy-industry anchor tenants, not just merchant hydrogen.
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