"A few minutes west of the Swedish town of Nora, there's a quiet patch of forest behind a cluster of summer homes, sitting by a lake where the morning mist rises just in time to catch the sun's glow. It's where Joakim Sjöblom aims to build a new factory for one of armsmaking's most dangerous processes - manufacturing trinitrotoluene, or TNT, for NATO."
"TNT production is highly dangerous and creates toxic byproducts. Sjöblom's group awaits a court ruling before it can get building permits for a semi-automated factory, and then aims to raise about $90 million. The fintech entrepreneur shifted his focus to the defense industry last year, and now aspires to be one of Europe's first modern founders to make and sell TNT."
A startup plans a semi-automated TNT factory near Nora, Sweden, sited by a lakeside forest and serviced by an old railroad track. TNT remains the benchmark explosive for mortars, grenades, and bombs and is not produced in North America; Europe has one NATO-standard facility in Poland. Major supply currently comes from India and China, creating a potential wartime chokepoint. The founder cites geopolitical concerns and family safety as motivations. TNT production is highly dangerous and generates toxic byproducts, and the group awaits a court ruling while aiming to raise about $90 million.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]