LKAB, a state-owned mineral and mining group, wants to invest 400 billion kronor to reduce their carbon dioxide emissions through changing to a new hydrogen-based process.
The initiative could create up to 3,000 new jobs annually for the coming 20 years in Kiruna and Gällivare, the company says.
If the plan gets approved by the Swedish parliament it could become the biggest industrial venture ever in the country.
Related stories from around the North:
Canada: Climate change creating vast new glacial lakes, with risk of ‘gargantuan’ floods, researcher says, The Canadian Press
Iceland: Arctic Science Ministerial postponed to 2021 due to COVID-19, Eye on the Arctic
Norway: Climate change hits back at Svalbard, coal mine flooded by melting glacier in Norway, The Independent Barents Observer
Russia: Record-warm Arctic summer fatal to wild reindeer in Russia, say environmentalists, The Independent Barents Observer
Sweden: Swedish MEP ‘extremely happy’ with EU vote to cut emissions by 60 percent, Radio Sweden
United States: Indigenous wildfire knowledge to be key part of new Arctic Council project, Eye on the Arctic