GreenIron, a Swedish company, has secured funding of up to SEK 100m for its hydrogen-based iron production plant in Sandviken. With the acquisition of an environmental permit, GreenIron is on track to deliver fossil-free iron from its full-scale production unit. Construction is in progress, and commercial production is anticipated by the year's end. The funding, sourced from additional capital from shareholders, will trigger a larger financing round in the next six to nine months. CEO Edward Murray expressed gratitude for the shareholders' confidence, highlighting the company's goal of having 300 furnaces by 2030 to promote sustainability. GreenIron's immediate focus is on commencing production in Sandviken to provide fossil-free iron promptly, enabling the industry to transition to cleaner production methods and reduce emissions. The company's DRI plant, set to produce 28,000 tonnes annually using hydrogen as a reducing agent, received an environmental permit in April. Partnering with Linde for hydrogen supply, GreenIron aims to recycle and produce iron and other metals in the region, emphasizing its commitment to sustainable practices.