Sma Mineral

What Sma Mineral does

SMA Mineral AB is a privately-held, family-owned (Juvél family) industrial lime and limestone producer headquartered in Filipstad, Sweden, with origins tracing to 1932 and the modern entity established in 1980. The company extracts, processes, and distributes a portfolio of mineral products — limestone, quicklime (calcium oxide), slaked lime (calcium hydroxide), dolomite, calcined dolomite, crushed aggregate, and quartz — through approximately 20 production and terminal sites across Sweden, Norway, Finland, and Estonia, with additional operations in Bulgaria and the Netherlands. Its upstream position is anchored by owned mineral reserves, notably the Stucks limestone deposit on Gotland (approximately 300 million tonnes) and the Seljeli dolomite deposit in Norway, providing multi-decade raw material security.

The company serves industrial B2B customers across seven primary segments: iron and steel (including a long-standing supply relationship with SSAB since 1997), pulp and paper (including circular mesa recovery and recalcination at Sandarne), mining and metals, environmental/water treatment, construction and infrastructure, agriculture, and an emerging sustainable aviation fuel / e-fuel vertical via CO2 byproduct supply to Infinium. Sales are executed through a direct enterprise field-sales model with key account managers and sales engineers covering major verticals, under multi-year negotiated contracts. Revenue exceeds 1.5 billion SEK as of 2024.

SMA Mineral is pioneering the decarbonization of lime production through ZEQL (Zero Emission Quicklime), an electrified plasma calcination technology co-developed with Swedish greentech firm SaltX Technology (in which SMA holds an equity stake since 2022). A 40,000 tpy pilot plant is under construction in Mo i Rana, Norway, with commercial operation targeted for 2027. The Multi-Plasma Upgrade Project consortium (with ABB, thyssenkrupp Polysius, and Holcim, announced January 2026) aims to scale the technology toward 1 million tpy. The company also participates in the Bodø e-SAF Declaration and holds an equity stake in SaltX with guarantor commitments in its SEK 110 million rights issue.

Name

Sma Mineral

Legal name

SMA Mineral AB

Website

https://smamineral.se

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

1–10 employees

Short description

SMA Mineral AB is a privately-held Swedish lime and limestone producer serving industrial B2B customers in iron and steel, pulp and paper, mining, and environmental sectors across Scandinavia, the Baltics, and Bulgaria via approximately 20 production sites, with revenue exceeding 1.5 billion SEK.

Ownership category

akta.pro rank

Product category

Industrial Lime and Limestone Products

NAICS

Lime Manufacturing (32741), Crushed and Broken Limestone Mining and Quarrying (212312), Lime and Gypsum Product Manufacturing (3274)

SIC

Industrial Inorganic Chemicals (2810), Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400)

akta.pro primary industry

Cementitious Binders & Additives (Fly Ash, Slag, Silica Fume, Lime) (IMADAAAH)

akta.pro secondary industries

Limestone Quarrying (Industrial & Construction Grade) (IMAKAHAC), Agricultural Lime (Calcitic & Dolomitic) (AFABADAA), Aggregates & Dimension Stone Trading (Sand & Gravel, Crushed Stone, Limestone, Granite, Marble) (IMAKAJAG)

Keywords

• Lime production
• Limestone processing
• Quicklime manufacturing
• Dolomite processing
• Industrial mineral supply

Headquarters

HQ city

Filipstad

HQ country

Sweden

HQ region

Europe

Offices31 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Lime and limestone product sales: SMA Mineral generates the majority of its revenue from the sale of processed lime and limestone products including quicklime, slaked lime, limestone, dolomite, calcined dolomite, crushed aggregate, and quartz. Products are sold to industrial customers in iron and steel, pulp and paper, mining and metals, environmental, construction, and agriculture sectors across Scandinavia and the Baltic region.
2. Strategic technology partnerships and licensing: Through its equity stake in SaltX Technology and the ZEQL joint development, SMA Mineral participates in future licensing and deployment revenue from zero-emission lime production technology. SMA Mineral also provided guarantee commitments for SaltX's rights issue, demonstrating a financial partnership stake.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

SMA Mineral extracts, processes, and sells lime and limestone products — including limestone, quicklime (calcium oxide), slaked lime (calcium hydroxide), dolomite, calcined dolomite, crushed aggregate, and quartz — to industrial customers across Scandinavia. The company owns limestone and dolomite deposits, operates approximately 20 production facilities across Sweden, Norway, Finland, and Estonia, and complements its core mineral portfolio with specialty products such as SMA Kraftmesa (recovered lime from pulp mill byproducts), quicklime-cement mixtures for ground stabilization, and the ZEQL zero-emission lime technology concept co-developed with SaltX Technology.

Product overview

SMA Mineral is one of Northern Europe's leading lime product companies, offering a comprehensive portfolio of carbonate stone products. The core offering spans raw materials (limestone, quartz, crushed aggregate) and processed products (quicklime, slaked lime, dolomite, calcined dolomite, quicklime-cement mixtures). Special products include Kraft Mesa, a recovery lime from pulp industry byproducts. The company also operates the ZEQL (Zero Emission Quicklime) initiative with SaltX Technology for electrified, zero-carbon lime production, with a planned pilot plant in Mo i Rana, Norway by 2027. Production facilities span approximately 20 locations across Sweden, Norway, Finland, and Estonia.

Differentiator

Problem solved

Functional benefit

Brands

• ZEQL (Zero Emission Quicklime): Joint technology concept with SaltX Technology for carbon dioxide-free lime production using electrified calcination technology
• SMA Kraftmesa
• SMA Cellkalk
• SMA Kraftkalk-C

Products and services

• Limestone (Kalksten) Limestone is a carbonate rock of organic origin formed from the shell remains of marine animals, consisting of calcium carbonate (CaCO3). SMA Mineral extracts, crushes, and grinds it into suitable fractions for industrial customers across iron and steel, agriculture, and construction markets.
• Quicklime (Bränd kalk) Quicklime (calcium oxide, CaO) is produced by heating crushed limestone to approximately 1,100 degrees in shaft or rotary kilns, releasing carbon dioxide. Supplied in reactive shaft-kiln-burned and hard-burned rotary-kiln-burned grades for iron and steel, pulp industry, water treatment, and flue gas cleaning customers.
• Slaked Lime (Släckt kalk) Slaked lime (calcium hydroxide, Ca(OH)2) is formed when quicklime reacts with water through the slaking reaction. Used for flue gas purification, acid neutralization, water treatment, and in construction materials such as mortar, plaster, and cement mixtures.
• Quicklime and Cement Mixture (Bränd kalk och cement) A mixture of ground quicklime and cement specifically developed for ground stabilization applications in infrastructure and construction projects.
• Dolomite Dolomite is a carbonate rock consisting of calcium magnesium carbonate. SMA Mineral sources dolomite from the Seljeli quarry in Norway (acquired 2015) and processes it at the Mo i Rana facility for use in various industrial applications.
• Calcined Dolomite (Bränd dolomit) Calcined dolomite (calcium magnesium oxide, CaMg(O)2) is produced by burning dolomite and is used in industrial processes including refractories and metallurgical applications.
• Crushed Aggregate (Bergkross) Crushed stone in various fractions for construction and infrastructure applications, including road base, asphalt, and general construction materials.
• Quartz (Kvarts) Quartz (SiO2) is a fine-grained metamorphic rock transformed from sandstone, supplied for industrial applications.
• SMA Kraftmesa (Recovery Lime from Pulp Mill Mesa) Recovery lime produced from mesa, a byproduct from sulfate pulp mills. SMA Mineral's Sandarne concept (originating from the 1995 acquisition of Stora Cell's mesahall) enables pulp mills to send back mesa for recalcination into quicklime, delivering a circular-economy lime source.
• ZEQL (Zero Emission Quicklime) Zero Emission Quicklime is a co-developed technology concept with SaltX Technology for electrified, emission-free lime production using electric plasma calcination instead of fossil-fuel-based burning. SMA Mineral is building the world's first emission-free lime factory in Mo i Rana, Norway, planned for commercial operation by 2027.

Quantifiable outcome

• Stucks quarry contains approximately 300 million tonnes of limestone, securing long-term raw material supply.
• +2 more outcomes

Named customers1 record

Segments7 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered supporting, core and minor.

• ABBsupportingTechnology or Integration · 22 January 2026ABB is a technology partner in SaltX's Multi-Plasma Upgrade Project, which aims to scale electrified calcination technology from 40,000 tonnes per year to 1 million tonnes per year. ABB provides in-kind contributions as part of the project consortium alongside thyssenkrupp Polysius, SMA Mineral, and Holcim. The project targets full technical validation at industrial scale by spring 2027.
• thyssenkrupp PolysiuscoreStrategic or Co-development Partner · 22 January 2026thyssenkrupp Polysius is a key development partner in the ZEQL project and the Multi-Plasma Upgrade Project with SaltX. The partners are currently constructing a 40,000 tpy pilot plant in Mo i Rana, Norway, with construction scheduled to begin in H1 2026. Thyssenkrupp Polysius provides engineering and in-kind contributions to the multi-plasma module design validation running through spring 2027.
• HolcimsupportingStrategic or Co-development Partner · 22 January 2026Holcim is a partner in SaltX's Multi-Plasma Upgrade Project, contributing in-kind to the scaling of electrified calcination technology. The project aims to validate technology at commercial scale for application in lime, cement, and other hard-to-abate industries.
• InfiniumsupportingStrategic or Co-development Partner · 14 April 2025SMA Mineral has a CO2 byproduct partnership with Infinium for e-fuel (sustainable aviation fuel) production. SMA Mineral supplies CO2 captured as a byproduct of its lime production processes to Infinium, which uses it as feedstock for producing synthetic fuels. This was discussed at the Bodø e-SAF Conference in April 2025.
• Deutsche AircraftminorStrategic or Co-development Partner · 14 April 2025Deutsche Aircraft co-hosted the third annual e-SAF Conference in Bodø, Norway (April 2025), where SMA Mineral discussed its CO2 byproduct partnership with Infinium for e-fuel production. SMA Mineral participated in the conference as part of the Bodø e-SAF Declaration, committing signatories to advance sustainable aviation fuel adoption.
• SaltX TechnologycoreStrategic or Co-development Partner · 1 January 2022SMA Mineral took an equity stake in Swedish greentech company SaltX Technology in 2022 to accelerate the transition to green ('vihreän kalkin') lime production. Together they co-developed the ZEQL (Zero Emission Quicklime) technology concept, officially launched in 2023. SMA Mineral and thyssenkrupp Polysius are constructing a 40,000 tpy pilot plant in Mo i Rana, Norway, with construction planned for H1 2026 and commercial operation by 2027. SMA Mineral also participated as a guarantor in SaltX's SEK 110 million rights issue in 2025-2026.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Market position

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/sma-mineral
• Facebookfacebook.com/SMAMineral

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries17 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sma Mineral