The reasoned conclusion is an important milestone moving towards the final investment decision. With this reasoned conclusion, the project development moves to permitting, which is the next phase of the process. The reasoned conclusion provides a solid foundation for environmental permitting and supports the municipality of Inkoo in finalizing its ongoing zoning plans.
“This has been a significant undertaking, involving thorough and long-term preparation. I want to thank all parties involved in the process for their excellent cooperation. Over two years of work have gone into these assessments with a large team of experts, while simultaneously advancing the project through detailed technical planning,” says Antti Kaikkonen, Country Manager for Blastr Green Steel in Finland.
Continued Planning Focuses on Mitigating Harmful Impacts
The goal of the EIA process is to identify the project's significant environmental impacts and help to find ways to mitigate them.
The planned steel mill in Inkoo aims to significantly reduce carbon dioxide emissions compared to traditional steel production. Instead of using coal, the steel mill will utilize clean hydrogen in its production process and rely on raw materials produced with clean energy, supporting international climate goals. Additionally, the project is expected to have substantial positive effects on the economy and business activities in Inkoo and Western Uusimaa, bringing significant employment opportunities and investments to the region.
“A more sustainable future and a healthier planet is a part of Blastr’s mission. However, the reality is that all industrial activity generates some environmental impacts, even when the projects are critical for the clean transition,” says Kaikkonen.
For further information, contact:
media@blastr.no
+358 50 465 4767
About Blastr Green Steel
Blastr Green Steel (Blastr) aims to decarbonize the steel industry by creating an integrated green steel value chain that leverages Nordic advantages. By utilizing local raw materials and CO₂ free energy and applying a circular economy thinking throughout the value chain, the company aims to produce 2.5 million tonnes of cost-competitive, ultra-low CO₂ steel, with ~90% lower scope 1-3 emissions than conventional steel production. Blastr Green Steel will be one of the largest industry start-ups in the Nordic region. Blastr Green Steel is part of Vanir Green Industries. For more information, visit www.blastr.no.
