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Svenska Cellulosa AB SCA is a Swedish company primarily engaged in the forest products industry. It focuses on providing renewable products derived from forests, such as paper and pulp, solid-wood products, and forest and renewable energy solutions. Founded in 1929, SCA has a long history in sustainable forestry and is headquartered in Sundsvall, Sweden. The company manages extensive forest holdings in Northern Europe, which is one of its strategic strengths. Its commitment to sustainability and efficient resource use is a notable aspect of its operations, allowing it to maintain a competitive position in the market.

BHP is a global diversified miner mainly supplying iron ore and copper. The merger of BHP Limited and Billiton PLC created the present-day BHP Group. The dual-listed structure from the 2001 BHP and Billiton merger was collapsed in 2022. Major assets include Pilbara iron ore and Escondida copper. Onshore US oil and gas assets were sold in 2018, and the remaining petroleum assets were spun off and merged with Woodside in 2022, with BHP vesting the Woodside shares it received to BHP shareholders. It purchased copper miner Oz Minerals in fiscal 2023 and half of the Vicuña copper joint venture in fiscal 2025. It is entering the potash market through the development of its Jansen project in Canada. However, due to low prices, BHP placed its nickel business on care and maintenance in 2024.