Blastr plans €4bn Finnish green steel plant
Norwegian startup aims to begin production by 2026
Norwegian startup Blastr has announced plans to build a €4bn ($4.24bn) green steel and integrated hydrogen production facility in Finland. Blastr plans to replace coke and coal with hydrogen in the chemical reduction phase, in addition to reducing emissions throughout the value chain, with a target of 95pc lower CO₂ emissions compared with conventional steel manufacturing. The firm plans to produce 2.5mn t/yr of hot- and cold-rolled green steel at the plant, with first production in 2026. The firm has signed a letter of intent with energy company Fortum providing exclusive rights to utilise an existing industrial site near the port of Inkoo. “Inkoo was selected as our location due to its hig
Also in this section
22 March 2024
German energy firm and Canada-based Pattern Energy aim to ship green ammonia to Hamburg in latest move to secure imports to Europe’s largest economy
22 March 2024
French company prepares for commercial launch of underground storage system to be deployed at green hydrogen production and consumption sites
21 March 2024
Region has competitive edge in low-carbon hydrogen, but infrastructure and export challenges are key roadblocks to overcome
18 March 2024
Major Indian companies are venturing into the sector thanks to government support, but cost and incentive questions persist