Norway’s Blastr to invest €4B for green steel in Finland

The development of renewable energy infrastructure, such as wind turbines, as well as industries like construction, the automotive industry, and consumer goods will depend on green steel, which is a key enabler for the green transition. By 2030, there will be a 50M tonne demand for decarbonized steel in Europe alone, which is almost a third of the current demand.
On the similar lines, Norway-based Blastr Green Steel has announced that it will invest €4B in a steel plant in Inkoo, Finland, where it will begin operating by the end of 2026 and become a significant user of green energy. The manufacturing facility will have a green hydrogen production unit that will be powered primarily by wind energy.