Decarbonizing the steel value chain
Steel is the foundation of modern society; the most important engineering and construction material on the planet. From household appliances to cars, infrastructure, and buildings, the world consumes more than two billion tonnes every year.
But steel comes at a cost. Conventional production, reliant on coal and coke, generates around 2.6 tonnes of CO₂ for every tonne of steel, making the sector responsible for roughly 9% of global emissions.
This is no longer sustainable. Market forces and regulation are reshaping the industry, while demand for low-CO₂ steel in Europe is set to surge - reaching 30–40 million tonnes by 2030 and climbing towards 100 million tonnes by 2050.
Blastr’s Answer:
Ultra-Low CO₂ Steel
Blastr Green Steel is seizing this opportunity with a bold solution: ultra-low CO₂ steel. By replacing coal and coke with hydrogen and decarbonising the entire value chain, we will deliver premium-quality steel with up to 90% lower CO₂ emissions (Scopes 1–3) compared to conventional production.
Our facilities will produce 2.5 million tonnes of advanced flat steel products each year. Tailored for demanding sectors such as automotive and construction, and enabled by sophisticated, digitalised processes, our steel will capture value from customers committed to ambitious CO₂ reduction roadmaps and willing to pay a premium for sustainable materials.
A Uniquely Integrated Value Chain
What sets Blastr apart is our fully integrated value chain, giving us direct control over emissions, product quality, and cost efficiency.
Our steel plant in Inkoo, Finland, will benefit from a strong grid connection and a deep, ice-free quay, enabling large-scale production with optimal logistics. Finland’s stable, competitively priced, low-CO₂ energy provides a lasting cost advantage for hydrogen and steel production.
A self-owned direct reduction (DR) pellet plant, with privileged access to iron ore concentrate, will secure high-quality raw materials. Combined with state-of-the-art facilities and a skilled workforce, this ensures we can deliver premium, sustainable steel products across Europe and beyond. In addition, we will generate new revenue streams by selling high-grade DR pellets into an undersupplied market.
A Uniquely Integrated Value Chain
What sets Blastr apart is our fully integrated value chain, giving us direct control over emissions, product quality, and cost efficiency.
Our steel plant in Inkoo, Finland, will benefit from a strong grid connection and a deep, ice-free quay, enabling large-scale production with optimal logistics. Finland’s stable, competitively priced, low-CO₂ energy provides a lasting cost advantage for hydrogen and steel production.
A self-owned direct reduction (DR) pellet plant, with privileged access to iron ore concentrate, will secure high-quality raw materials. Combined with state-of-the-art facilities and a skilled workforce, this ensures we can deliver premium, sustainable steel products across Europe and beyond. In addition, we will generate new revenue streams by selling high-grade DR pellets into an undersupplied market.
Fast Mover, Scalable Platform
Blastr is designed to grow. By leveraging proven technologies, efficient plant configurations, an experienced management team, and strong strategic partners, we will ensure on-time, on-budget ramp-up and cost-efficient operations.
Our integrated business model and captive feedstock sourcing establish a solid foundation for expansion, with plans to roll out additional steel plants across Europe, replicating a proven, scalable platform.
Transformative CO₂ Impact
Our approach targets emissions reductions across Scopes 1–3, addressing the entire value chain. This includes not only the use of hydrogen and fossil-free energy in production, but also green logistics, heat recovery, and circular economy solutions. With annual production of 2.5 million tonnes of ultra-low CO₂ steel, Blastr will cut close to 6 million tonnes of CO₂ emissions every year - more than 25% above the total annual emissions from all passenger vehicles in Finland.
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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