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
![](/images/white-fade.png)
Also in this section
26 July 2024
European offtakers and strategic investors start to unlock North African country’s vast potential as a green hydrogen and ammonia supplier
25 July 2024
Investment in 100MW green hydrogen facility in Germany comes as oil major’s wider transition strategy comes under scrutiny
24 July 2024
World’s largest green fertiliser supply agreement puts Villeta project in Paraguay on track for FID later this year
23 July 2024
Awards experience 20% increase in nominations this year, with submissions from 27 countries