The Stena Metall Group achieved a strong EBITDA of SEK 2,530 million for 2022/2023, investing in lithium-ion battery recycling facilities and sustainability initiatives. CEO Kristofer Sundsgård emphasized maintaining competitiveness through cost efficiency and strategic investments despite challenging market conditions.
Stena Aluminium has partnered with the Polestar 0 project to develop a climate-neutral car by 2030, focusing on creating a recycled aluminium alloy with zero carbon emissions. Both companies aim to reduce carbon footprints throughout the supply chain.
Stena Metall Group’s green bond has been recognized by Cicero as a best practice example in the global green bond market for its focus on resource management and circularity. The group aims to lead the transition to a circular economy.
Stena Metall Group successfully issued its second “dark green” bond, raising SEK 1 billion for sustainable projects in recycling and circular economy. The bond attracted significant investor interest, underscoring the company's commitment to sustainability and strengthening its position in the Nordic bond market.
Stena Recycling commits all its companies to the Science Based Targets initiative to reduce climate impact, aiming to align with the Paris Agreement. They plan to achieve net zero by 2050, enhancing circular economy efforts across eight markets.
Stena Metal International has received the Ecovadis Platinum Medal, awarded to the top 1% of evaluated companies for sustainability. This recognition, achieved for the second consecutive year, highlights SMI's commitment to sustainability across its operations and value chain.
HaloSep, developed by Vestforbrænding, won the Global Goals Award for its innovative process that cleans and recycles hazardous waste from incineration. The technology, now internationally marketed, promotes sustainability by transforming harmful fly ash into non-hazardous material, reducing transport and emissions.
The Stena Metall Group's quarterly report for the second quarter 2020/2021 is now public.
Stena is now taking the next step in shipping electrification: the development of a new type of energy storage, similar to very large powerbanks, which will be essential for the quick charging of electric ferries in the future. The project is part-financed by the EU and will, among other things, investigate how used batteries from the transport sector can be reused for energy storage in ports.
To create circular material flows, there is a need for cooperation, concrete plans and bold goals. Stena Recycling's new sustainability event Circular Initiative gathered over 200 people, when representatives from leading industrial companies met to discuss solutions for a sustainable future.
Swedish companies can do more to prevent waste and make better use of the waste that is produced in various types of industry. With technical development and new broader collaborations, resources can be saved and multiple circular flows can be created. This is a necessity if there are to be enough resources for tomorrow.
Interest from investors was considerable when the Stena Metall Group issued its first green bond on May 23. The amount was SEK 800 million with a term of five years. The net proceeds is earmarked for sustainable investments in the Stena Nordic Recycling Center, one of Europe's most advanced and efficient recycling plants, where cars can be recycled up to 95%.
Stena Oil has signed an agreement to create a new marine fuel terminal in the Port of Frederikshavn. The facility will be fully adapted for the new Sulphur Directive 2020 and its location will reduce the distances travelled by bunkering vessels. The oil terminal will be the largest of its kind in Scandinavia, with a capacity of 75 000 cubic metres.
The Stena Nordic Recycling Center took the Waste Processor of the Year award (Årets avfallsbehandlare) at the Recycling Gala, held at Berns in Stockholm on January 25th.
October 26 will be the grand opening of Stena Nordic Recycling Center in Halmstad. A recycling facility the size of 80 soccer pitches with modern and efficient processes, making it possible to recycle more material, primarily metals, in a sustainable way from industry, households and society in general.
