• What we do

    What we do

Decarbonizing the steel value chain

Steel is the basis of modern society. It is the most important engineering and construction material, used in everything from household appliances to automobiles and building. The world needs more than two billion tonnes per year.

However, steel production is also a major source of greenhouse gases, accounting for 9% of global CO₂ emissions. Conventional steel plants base their production on coke and coal used for energy supply and chemical reduction, and the production of one ton of steel creates about 2.6 tonnes of scope 1-3 CO₂ emissions for every tonne of steel produced.

This is not sustainable, and market forces and the regulatory environment are now clearly changing the playing field. The European green steel market is set to skyrocket, with a European demand of 30-40 million tonnes of low CO₂ flat steel products expected by 2030, increasing towards 100 million tonnes by 2050.

What we do

Blastr’s answer is ultra-low CO₂ steel. Replacing coal and coke with hydrogen and reducing CO₂ emissions along the entire value chain, we will produce high-quality steel with up to 90 percent lower CO₂ emissions across scopes 1 to 3 than conventional steel producers today.

Blastr will produce 2.5 million tonnes of premium-grade flat steel products requiring sophisticated, digitalized production processes for segments such as automotive and construction, capturing price premiums from customers with ambitious CO₂ abatement roadmaps.

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How we do it

Blastr Green Steel is building a uniquely integrated value chain, enabling us to control CO₂ emissions, product quality, and cost efficiency. Our advantageous location and infrastructure, combined with strong sourcing of energy and raw materials, secure sustainability and competitiveness.

The location of our steel plant at Inkoo, Finland, provides a strong grid connection and deep, ice-free quay, enabling large-scale steel production with optimal logistics. Stable, competitively priced low CO₂ energy in Finland will provide a cost advantage for hydrogen and steel production.

Our self-owned direct reduction (DR) pellet plant with privileged access to iron ore concentrate will ensure high-quality raw materials. State-of-the-art production facilities and access to a highly skilled workforce and will allow us to deliver high-quality, sustainable steel products to customers across Europe and beyond. We will also secure additional revenue streams from the sale of high-grade DR pellets to an undersupplied DR pellet market.

How we do it

Blastr Green Steel is building a uniquely integrated value chain, enabling us to control CO₂ emissions, product quality, and cost efficiency. Our advantageous location and infrastructure, combined with strong sourcing of energy and raw materials, secure sustainability and competitiveness.

The location of our steel plant at Inkoo, Finland, provides a strong grid connection and deep, ice-free quay, enabling large-scale steel production with optimal logistics. Stable, competitively priced low CO₂ energy in Finland will provide a cost advantage for hydrogen and steel production.

Our self-owned direct reduction (DR) pellet plant with privileged access to iron ore concentrate will ensure high-quality raw materials. State-of-the-art production facilities and access to a highly skilled workforce will allow us to deliver high-quality, sustainable steel products to customers across Europe and beyond. We will also secure additional revenue streams from the sale of high-grade DR pellets to an undersupplied DR pellet market.


Fast mover with scalable platform

Blastr will leverage proven technologies and plant configurations, an experienced management team and strong strategic partners to enable on-time and on-budget ramp-up and cost-efficient operations. We are creating a strong foundation for growth, aiming to expand with additional steel plants building on our integrated business model and utilizing captive feedstock sourcing.

Significant impact on CO₂ reductions

Our integrated approach means we focus on emission reductions across scopes 1 to 3, encompassing the entire value chain and including areas such as green logistics, heat recovery and circular economy in addition to use of hydrogen and fossil-free energy in the production processes.

With annual production of 2.5 million tonnes of ultra-low CO₂ steel, Blastr Green Steel will cut close to 6 million tonnes of CO₂ emissions per year. This is 25% more than the entire CO₂ emissions created by all passenger vehicles in Finland during a year.


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