FAM, Navigare Ventures, Nineteen Private Capital, and Thisbe have been integrated into Wallenberg Investments, to develop and simplify the ownership governance and capital management of the Wallenberg foundations. Asset management is now organized into five investment units: Industrials, Real Assets, Alternative Funds, Special Investments and Ventures. Read more below.

FAM invests in GreenIron together with Almi Invest GreenTech fund and other investors

GreenIron is a Swedish company focused on cost-efficient fossil-free reduction of metal oxides to pure metals. FAM is investing SEK 50 million in GreenIron, which is now starting to develop its process technology with a view to commercializing the production of fossil-free iron from residues and waste.

GreenIron currently has five patents covering the system and the process solution for reducing metal oxides, and one patent for the carbonization of fossil-free iron. The company is now looking for a location to establish operations and the plan is to build GreenIron’s first plant in Sweden in early 2023, with the start-up of activities later that year.

“We are pleased to be able to support GreenIron in their development towards increased production of fossil-free iron and steel. The company has an interesting circular green technology in an area that can have a major positive impact on the climate and Swedish industry”, says Håkan Buskhe, CEO FAM.

If you have any questions, please contact:
Laura Bergtoft, Head of Communication, FAM
Phone: +46 735 152 261
Email: [email protected]

Read more about GreenIron: GreenIron - Reduktion av metalloxider utan CO2-utsläpp i stålindustrin

About FAM AB:
FAM is a privately-owned holding company with a long-term ownership horizon. FAM is owned by the three largest Wallenberg Foundations via Wallenberg Investments AB. FAM focuses its ownership on a number of strategic holdings and a selection of alternative investments. By actively contributing to the long-term development of holdings, their dividend capacity and value can increase over time. Growth in the value of the holdings and dividends from FAM contribute to the Foundations' value growth and their ability to give grants for research and education.