We are representing Blastr in the environmental permitting for the planned green steel plant with an integrated hydrogen production facility in Inkoo, Finland. Blastr has entered into a Letter of Intent with the Nordic energy company Fortum that provides Blastr exclusive rights to utilise an existing industrial site located in Inkoo. The four-billion-euro investment is expected to create up to 1,200 direct jobs in the operations phase. The green steel plant together with the integrated hydrogen facility will be among the largest industrial investments planned in Finland to date. The production is planned to start by end of 2026.
Green steel is a key enabler for the green transition, as it will be a critical raw material for developing renewable energy infrastructure, such as wind turbines, as well as in segments such as construction, the automotive industry, and consumer goods. In Europe alone, the demand for decarbonised steel is expected to reach 50 million tons by 2030, nearly one-third of the current European steel demand.
