Steel is the backbone of modern engineering and construction, but it comes at a cost. Today, steel production is one of the world’s largest sources of greenhouse gas emissions.
Blastr’s answer is ultra-low CO₂ steel. We are developing a vertically integrated, low-cost steel value chain that redefines how steel can be produced. By replacing coal and coke with clean hydrogen, we aim to drastically reduce CO₂ emissions while maintaining the strength and reliability that make steel indispensable.
Our development plans include:
- A pellet operation in the UK
- A hydrogen DRI/EAF complex in Finland
both on brownfield sites with existing infrastructure
Together, these projects will lay the foundation for a cleaner, smarter steel industry. One that delivers for people, progress and the planet.
Our mission
Blastr’s mission is to challenge the status quo in the steel industry by developing integrated, decarbonised, and scalable value chains for ultra-low CO₂ steel production.
European demand for premium low-CO₂ flat steel is projected to reach 30–40 million tonnes by 2030, and up to 100 million tonnes by 2050. Blastr aims to capture this opportunity with a cost-competitive, vertically integrated value chain, anchored by our pellet operation in the UK and hydrogen DRI/EAF complex in Finland.
Our steel mill is expected to operate in the lowest quartile of global costs, producing 2.5 million tonnes of ultra-low CO₂ steel annually with ~90% lower Scope 1–3 emissions than conventional production. This represents nearly 6 million tonnes of CO₂ avoided each year, roughly 25% more than the annual emissions from all passenger vehicles in Finland.
Key advantages include:
- Captive DR pellet production to secure feedstock, reduce cost volatility, and blend flexibly with scrap
- Access to iron ore feedstock, efficient logistics, and low-cost CO₂-free power for a sustained cost advantage
- Replication of the proven U.S. minimill model, replacing legacy blast furnaces and leading Europe’s transition to ultra-low CO₂ steel
With the support of strategic partners such as Aurora, Cargill, Ecolab, Lhoist, Midrex, Primetals and Interfer, Blastr is positioned to become a leading European producer of ultra-low CO₂ steel, delivering value for investors, motivation for employees, and a sustainable future for the planet.
Our values
Daring
We dare to dream and to challenge the status quo
Innovative
We are innovative in everything we do throughout the entire value chain
Transparent
We are transparent in our business practices, towards our stakeholders, and in documenting our environmental footprint
Dependable
We believe in what we do, and we do what we say
Backed by Vanir
Blastr Green Steel is backed by Vanir Green Industries, a Nordic investment company dedicated to developing and scaling green, robust, and profitable businesses that accelerate the energy transition.
Vanir is led by a team of seasoned professionals with deep industrial expertise and a strong commitment to building a more sustainable future. Their support provides Blastr with the financial strength, strategic insight, and long-term vision needed to deliver on our mission.
Our partners
Blastr is developing partnerships across the value chain with industry leaders.
Blastr Green Steel AS
Adress: Parkkvartalet - Parkveien 53B, 0256, NO
Email: post@blastr.no
Sales Requests: sales@blastr.no
FIN Press Contact: media@blastr.no
UK Press Contact: Sarah.auerbach@blastr.no
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