Swedish startup focused on cost efficient CO2-free reduction of metal oxides to pure metals GreenIron H2 will place its furnaces on H2 Green Steel's site in Boden in Sweden, where residuals such as oxidized scale and waste materials from the production will be collected and refined with green hydrogen through GreenIron H2's patented process. GreenIron H2’s hydrogen-based CO2-reduction process will be used to recycle iron residuals and waste from H2 Green Steel's operations. The output will be full value metals that can be re-instated in the steelmaking process. Up to 150,000 tonnes of waste and residual will be collected and recycled every year.Both companies share a vision of a fossil free industry and use renewable electricity and green hydrogen to ensure a low or zero carbon emission-process. The agreement between the two companies aims to set a model steel plant for the future by addressing the circularity of iron materials.