Understanding the demand for Green Steel, page-283

Blastr Expands Green Steel Value Chain To Norway, Coal Replaced By Green Hydrogen - Hydrogen Central (hydrogen-central.com)



"Blastr expands green steel value chain to Norway, coal replaced by green hydrogen.Blastr Green Steel plans to invest in an iron ore pellet plant in Gildeskål municipality in Northern Norway. The plant will supply the company’s recently announced green steel plant in Inkoo, Finland.

The planned facility in Gildeskål will convert iron ore pellet feed into so-called high-quality direct reduction pellets, which are used as raw material for green steel production. The power needed for the process will be based on hydropower, and Blastr is now in discussions about long-term power contracts. The location is considered beneficial as it provides an ice-free harbour with easy access to seaborne iron ore from the Norwegian Sea.

The plant will provide 120 jobs when operational, in addition to significant indirect employment opportunities and economic effects for the municipality and the region. The investment in Gildeskål is estimated at more than EUR 1 billion.

“Our planned pellet plant in Gildeskål will supply Blastr’s production of low-carbon steel in Finland as well as a significant and growing world market for direct reduction pellets. Therefore, this project will be an important contributor to decarbonizing global steel production,” says Wittusen. A final investment decision is expected in 2025, subject to relevant permits and agreements. The plant is tentatively planned to start production in 2028."

Hi Blastr, where are you planning to get your high grade iron ore feed from? Dont worry, I emailed them about MGT and said that MGT will have what they need. 6 billion tons of it. Hopefully the cost to ship to europe will be worth the FOMO.

GO MGT!