Sweden

Stegra, the Swedish green steel startup, announced on Tuesday that it had raised 1.4 billion euro ($1.65 billion), a funding consortium led by Sweden's influential Wallenberg family. This will allow the company to finish the construction of their plant. Stegra CEO, Henrik?Henriksson, said in a press release that "this financing reflects strong confidence in Stegra's model of business among both new and existing investors as well as lenders." Stegra, who in 2024 claimed to have?secured 6 billion euros in loans, equity and other sources, revealed in October of last year that they were seeking additional funding for the completion of...

As EVs get cheaper and emissions targets are met, the market will be supported by a battery-electric vehicle share of 23% in 2026 in 'the European Union and Norway and a share of?28% in '2027. European 'campaign' groups say Europe is on the right track in its transition to electric vehicles and that it can be profitable for the carmakers. They pushed the European Commission last December to reverse the effective ban on the sale of new internal combustion engines cars starting 2035. T&E stated that 'battery-electric cars prices have fallen in average by 4 percent in 2025 due to...

The Trump Administration's plan to release a wave small futuristic reactors that will power the AI age relies on an ancient strategy to dispose the highly toxic waste. Bury it at the bottom a very deep pit. There's still a problem. The hole is not very deep, but the temporary stockpiles of 100,000 tons of radioactive waster at nuclear plants and other sites in the United States keep growing. The U.S. government is now offering a radioactive reward to resolve this dilemma. According to a proposal released by the Department of Energy last week, states are being asked to offer...

Swedish steel startup Stegra announced?on?Monday that Thyssenkrupp Material?Processing Europa has signed an agreement for the?delivery of steel from Stegra’s plant that is being built in Sweden and that the German company will support the ramp up of output. The German company will purchase significant amounts of non prime steel from 2027 to supply various industries across Europe, according to a Swedish statement. Stegra explained that non-prime steel is a byproduct that does not meet the highest standards of quality that some applications require. However, it is still a durable and strong material that can be used for a variety of...

On Tuesday, the European Commission made public proposals to reverse an effective prohibition on the sale of new cars with internal combustion engines from 2035. This was in response to pressure from Germany and other major automakers. The package proposes to reduce the 2035 target to 90% of the 2021 tailpipe emissions, while also introducing measures to speed up the transition to electric vehicles and give manufacturers more flexibility. The major reactions to the decision are: BMW GERMAN LUXURY CREAMAKER It is a first important step that the EU Commission does not pursue technology bans anymore as a "guiding" principle,...

Brazil's President met with key negotiators on Wednesday at the COP30 Summit in an effort to reach a quick agreement on the most controversial issues of the global climate talks. These include fossil fuels, climate finance and other hot-button topics. Nearly 200 countries have gathered for a two-week U.N. Summit in the Amazonian city of Belem to increase multilateral action on climate change despite the absence from the U.S. There are still rifts over key issues, which is a new test for the international commitment to slowing global warming. Brazil hopes to break the recent trend of climate summits that...

On Tuesday, opponents of Israel's action in Gaza protested in several cities to mark the second anniversary since the Hamas attack that started the war. This was despite the denials by politicians that such marches could glorify violence. Hamas gunmen took 251 hostages and killed 1200 people in an attack on 7 October 2023. Gaza's health officials report that Israel launched an offensive against a militant Palestinian group in Gaza, which has claimed the lives of more than 67,000 Palestinians. Pro-Palestinian demonstrations took place in Sydney, London, Paris and other European cities, including Athens Thessaloniki Istanbul and Stockholm. The protests...

Software tracks waste from factories to recyclers Export growth could be boosted by more recycling The key to increasing recycling is visibility of waste streams Tahmid Zami Tahmid Zami Cloud-hosted software enables manufacturers to segregate and label waste, register it on a digital platform, and track its movement between factories, handlers, and recyclers. Rizvan hasan is the country leader of Reverse Resources. This company produces software. He said: "Reverse Resources bridges Bangladesh's waste streams to international recycling markets. This ensures that waste handlers enjoy greater business opportunities and fairer prices." According to a report published last year by GIZ, the...

More than 150 executives from Europe's electric vehicle industry signed a Monday letter urging the European Union not to abandon its zero-emission target for cars, vans and trucks by 2035. Signatories from the electric car industry, including Volvo Cars, Polestar and others, have warned against any delay in meeting the targets. They said that this would lead to a stalling of Europe's EV Market, giving an advantage to competitors around the world and eroding the confidence of investors. This follows a separate, end-of-August letter from the heads of European automotive manufacturers' and suppliers' associations to European Commission president Ursula von...

Four major truckmakers including Daimler, Volvo and others sued California in order to prevent the state from enforcing the strict emission standards that U.S. president Donald Trump declared null in June. Daimler Volvo Paccar and International Motors, formerly Navistar said that they were "caught in crossfire" when Trump revoked waivers granted during the Biden Administration which allowed California to set its own standards. In a Monday complaint, truckmakers claimed that Trump's decision to revoke the U.S. Environmental Protection Agency's approval of California’s plan to increase zero-emissions heavy-duty trucks sales and reduce nitrogen dioxide emissions preempted state enforcement. The truckmakers said...

Researchers have found that common bacteria can convert plastic waste into acetaminophen (an over-the-counter painkiller), which researchers discovered. Acetaminophen is made from fossil fuels, and it's the main ingredient of Tylenol, also known as Paracetamol in certain countries. AstraZeneca helped develop the new method that transforms a polyethylene terephthalate molecule into Tylenol’s active ingredient. The process produces virtually no carbon dioxide emissions. Researchers said that the plastic can be converted into the drug in less than 24 hrs at room temperature, by using a similar fermentation process to beer brewing. PET, a lightweight, strong plastic that is used in water...

The European Union needs to further reduce the number of businesses subject to its corporate sustainability and environmental rules, said the European Parliament Member leading the negotiations on these policies on Thursday. The European Commission announced in February a "simplification package" that would allow European companies to compete more effectively with their foreign competitors by reducing the reporting requirements and obligations for sustainability. According to Swedish center-right legislator Jorgen Warborn who has proposed amendments that would further scale back laws to cover only companies with at least 3,000 employees and a turnover of over 450 millions euros ($521million) he believes...

The shares of German automakers fell on Monday after President Donald Trump decided to increase U.S. tariffs on imported European vehicles to a 25% levy from the previously agreed 15% levy, dealing 'a 'fresh blow to an already battered industry. As of 1046 GMT the pan-European auto and parts index had fallen 2.3%, while shares for Porsche, BMW Mercedes-Benz, and Volkswagen all fell between 2% and 3%. Trump claimed on Friday that Brussels had failed to comply with an agreement reached between Washington DC and Brussels in 2017 that reduced U.S. tariffs on automobile imports by 15%. The implementation by...

Analysts say that after a half dozen flat earnings seasons in the European Union, steelmakers are poised for a recovery. The first quarter of 2026 may be an inflection-point. Steel prices increased faster than anticipated in recent months, despite the fact that demand has not?recovered?to 2022 levels. This is due to rising energy prices and a decrease in imports outside of the EU as a result of the EU's newly implemented safeguards. The price of hot-rolled coils in Europe has increased by around 20% over the last six months. Oddo BHF analyst Maxime Kogge said that, excluding demand, the planets...

Boliden announced on Wednesday that it expected earnings for the first quarter of 2026 - before interest, taxes and depreciation - to be impacted by about 400 million Swedish crowns ($42.77m) due to production being impacted in its Garpenberg Mine because of abnormally high earthquake activity earlier this month. Swedish miner reported its first-quarter production was slightly less than 0.8 million tonnes, down from an initial?expectation that slightly more than 0.9 million tonnes. The company said that production in the worst affected part of the mine will not resume until 2026. Garpenberg said that until further notice, its production will...

Greenland's Naleraq Party, which supports rapid independence from Denmark won its first Danish seat at the general election. This sends a critic of Copenhagen-Nuuk's union to a parliamentary chamber during a crucial time in the history of the kingdom. Naleraq secured 24.6% of the vote on Tuesday, an increase of sharply from 12.2% during the 2022 elections. The election result comes amid increased international interest in Greenland after U.S. president Donald Trump's attempts to control the Arctic Island. "It's a clear signal that the status quo in Greenland will not be tolerated," said Qarsoq Hgh-Dam who won Naleraq’s seat. He...

Buy expensive steel that is made using a "nascent" technology powered by green hydrogen, which barely exists? Under European Union plans, which aim to bolster the steel industry of the EU while still meeting?its environmental targets, this is what Europe's automakers face. They are already under pressure from a fiercer competition in China. The EU changed its CO2 emission targets for new cars in December to 90% by 2035, from 100%. This was a shift from the earlier 100% target. EU WANT TO BOOST EUROPEAN STAINLESS SECTOR The new proposal is tied to the EU Industrial Accelerator Act, due to...

Greenland's prime minister Jens-Frederik Nielsen responded "no thanks", on Sunday, to the idea of U.S. President Donald 'Trump' to send a hospital boat to Greenland. Trump has said repeatedly that he wants to takeover this territory. Trump announced on social media on Saturday that he is working with Jeff Landry, the Louisiana Governor and special envoy for Greenland to send a hospital boat to Greenland. "President Trump’s idea to send an American?hospital boat here to Greenland was noted. We do have a free public healthcare system. Nielsen said in a Facebook post that it was a "deliberate choice". Nielsen said...

The Dutch state-owned financial institution Invest International will lend a total of $60 million to the chipmaker 'Nexperia, in order to finance a series of global investments at 'its production sites. The funds will be used to boost production, modernise the production lines and improve productivity. Nexperia in the Netherlands, a unit of China's Wingtech, was caught up in a corporate standoff with Europe after a Dutch state intervention installed an European management team last year. According to the Dutch newspaper FD, this move scared away investors and caused a global crisis in terms of chip supplies for the automotive...

Greenland's Prime Minister Jens Frederik Nielsen warned Monday that despite the fact that Donald Trump, U.S. president has disclaimed military force, Washington is still attempting to gain control of the Arctic island. Trump increased his calls for U.S. sovereignty over Greenland in the beginning of the year. He cited national security concerns relating to Russia and China. Some European NATO allies defended Denmark's sovereignty over Greenland, and said Trump’s pressure threatened the NATO alliance. Since then, the U.S. President has backed away from threats of violence and claimed that he secured U.S. total access to Greenland through a NATO deal....

SSAB, a Swedish steelmaker, reported a 'bigger than anticipated rise in its operating 'profit 'in its fourth quarter on Wednesday. This was aided by an improved performance from its Americas division. Operating earnings increased to 756 billion Swedish Crowns ($86 billion), from 487 millions crowns during the same quarter in 2024. A poll by SSAB revealed that analysts expected a median of?606.1million crowns. The company produces high-strength, specialized steels for cars, construction equipment and agricultural machinery, and has production facilities both on the Atlantic and in Europe. In the earnings report, CEO Johnny Sjostrom stated that "there have been few...

Zinc did not perform according to script in 2018 and the galvanising material continues to surprise 2026. The London Metal Exchange (LME) is trading at its highest levels in three years this week. A market that was expected to move to an oversupply by 2025, was instead rocked in October by a fierce squeeze. The global mine production is increasing at a rapid pace, but the flow through to the refined metal segment is taking longer than expected. This is because the'surplus' is all stuck in China. LME zinc inventories have increased from the depleted levels of October thanks to...

Donald Trump, the U.S. president, has linked his desire to seize control of Greenland with his failure to receive the Nobel Peace Prize. He said he was no longer thinking "purely of Peace", as the row on the Arctic island threatened to reignite the trade war between Europe and the U.S. Trump is intensifying his efforts to take over Greenland, which belongs to NATO member Denmark. He has threatened punitive tariffs against countries that stand in his path and prompted the European Union (EU) to consider retaliatory measures. The dispute threatens to bring down the NATO alliance, which has been...

In a letter, U.S. president Donald Trump told Norway's Prime Minister that he did not feel obligated to "think purely of Peace", because he hadn't?been?awarded the Nobel Peace Prize. He also reiterated his demand for Greenland. Stoere said in a press release that the letter was written in response to a short message sent by Norway's Premier Jonas Gahr Stoere to Trump opposing his decision imposing tariffs on European allies for refusing to allow the U.S. to take control of Greenland. Trump's letter stated that he no longer felt obligated to only think of Peace. Although it will always be...