A Canadian clean technology startup founded in 2023 this week signed a letter of intent with a major metals distributor based in Europe.
British Columbia’s Green Manganese Technologies is working with Scandinavian Steel AB to supply up to 50,000 metric tonnes per year of metallized manganese pellets to the European steel industry through Scandinavian Steel’s distribution network, according to a statement from the firms.
Scandinavian Steel, meanwhile, will support Green Manganese’s market entry by introducing the company to potential customers across its European network for product testing and validation under industrial conditions.
The move marks a “significant milestone” in Green Manganese’s international expansion, according to chief executive officer Alexey Demykin.
“We’re excited to partner with Scandinavian Steel to bring our technology to European steelmakers,” Demykin stated.
“This partnership validates our approach and opens the door to displacing imports across Europe,” he said.
The Vancouver-based company has developed a proprietary hydro-metallurgical process that recovers manganese from low-grade ores, mining tailings, and industrial waste, unlocking value from materials previously considered uneconomical.
“Our process allows us to compete directly with Chinese imports on price while producing locally—something the industry has needed for years,” Demykin remarked.
Scandinavian Steel “sees huge potential in Green Manganese,” according to the company’s Head of Trading, Erik Eriksson.
“It’s a cost-efficient alternative to traditional Manganese Metal,” he explains, “that will also help end users navigate geopolitical risks, which is highly sought after in today’s market.”
Green Manganese Technologies, which was this year recognized by Foresight’s EarthTech2050 program and awarded BC CleanTech 2025 Startup of the Year, recently garnered capital from regional investor NorthX Climate Tech.
Scandinavian Steel was founded in 1958.