Steel is the world’s most important engineering and construction material. However, steel production is also a major source of greenhouse gases. Blastr’s answer is ultra-low CO₂ steel, drastically reducing CO₂ emissions by replacing coal and coke with hydrogen in the production process.
Origins and vision
Blastr Green Steel was established in 2021 to leverage Nordic advantages and become an integrated low CO₂ steel producer, based on a vision of decarbonizing the steel value chain.
Our mission is to challenge the status-quo in the steel industry by developing integrated, decarbonized and scalable value chains for ultra-low CO₂ steel production.
European market demand for premium priced low CO₂ flat steel products will reach 30-40 million tonnes in 2030 and increase further towards 100 million tonnes in 2050. Blastr Green Steel’s unique, integrated value chain will produce 2.5 million tonnes of cost competitive, ultra-low CO₂ steel, with ~90% lower scope 1-3 emissions than conventional steel production. This represents a yearly reduction of close to 6 million tonnes of CO₂, which is 25% more than the yearly CO₂ emissions from all passenger vehicles in Finland.
With strong support from strategic partners, leading technology providers and other key stakeholders we are well-positioned to become a leading European low CO₂ steel producer. Our innovative approach to steel production will create motivation for our employees and value for our investors while contributing to a sustainable future and a healthier planet.
Blastr Green Steel is backed by solid and competent owners in Vanir Green Industries, a Nordic investment company that invests in, develops and scales green, robust and profitable businesses needed to accelerate the energy transition. Vanir Green Industries is managed by a team of experienced professionals with deep industrial competence and a genuine drive to build a more sustainable future.
Board of Directors
Einar G.S. Kilde
Tore Ivar Slettemoen
Blastr is developing partnerships across the value chain with industry leaders.
Supplier Code of Conduct
Blastr Green Steel is committed to contributing to sustainable development for present and future generations. This includes identifying, preventing, mitigating, and accounting for adverse environmental, human rights and governance impacts in our own operation and supply chain. We expect the same commitment from our suppliers.