Peab and LKAB announced that they are strengthening their strategic partnership in a number of planned major industrial investments linked to the green transition in northern Sweden. Among other things, the companies have signed a letter of intent concerning construction of the hydrogen plant that LKAB is planning in Gällivare. The strengthened collaboration includes a letter of intent between the parties concerning a construction contract for LKAB's planned hydrogen plant, including infrastructure and foundation work.

The letter of intent also includes a logistics facility at the Port of Luleå. Timetables and project costs have not yet been determined. The projects are therefore not registered in Peab's orders received. As part of this intensified collaboration the companies will jointly plan for successfully executing the project, not only regarding costs and time but by taking a tangible responsibility for the environment and people.