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Norwegian startup Blastr plans €4B green steel plant in Finland

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Norwegian startup Blastr Green Steel is planning to establish a green steel plant with an integrated hydrogen production facility in Inkoo, Finland. Blastr’s project—the green steel plant together with the integrated hydrogen facility—will be among the largest industrial investments in Finland.

Finland 437
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Business Finland awards €27.7M to Neste for Porvoo refinery green hydrogen projects

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Business Finland awarded Neste with a public funding of €27.7 million for green hydrogen projects at Neste’s refinery in Porvoo, Finland, aiming to develop solutions for renewable hydrogen production. In Finland, the EU application process has been coordinated by the Ministry of Economic Affairs and Employment and Business Finland.

Finland 210
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Business Finland awards Keliber €7M to improve environmental protection in lithium hydroxide production

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Business Finland has granted Keliber Technology Oy, a Finnish mining and battery chemical company that aims to start the sustainable production of battery-grade lithium hydroxide utilizing its own ore, investment funding of a maximum of €7 million. The project is part of the Smart Mobility and Batteries from Finland programme.

Finland 321
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Production of renewable diesel restarted at the expanded part of Neste’s Singapore refinery after operational shutdown

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The production of renewable diesel at Neste’s Singapore refinery expansion has been restarted in early August, according to the company’s plans. The production line at the expanded part of the refinery was shut down in June for unexpected equipment repairs. Co-processed fuel is available in Denmark and Finland.

Singapore 368
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Velodyne Lidar acquires AI software company Bluecity

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Velodyne Lidar has acquired Bluecity, a Montreal-based artificial intelligence (AI) software company, in an all-stock transaction. According to Yole Intelligence, part of Yole Group, the smart infrastructure market for lidar will grow from $108M in 2021 to $1.1B

San Jose 369
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Finnish Minerals Group and FREYR to work together to establish battery cell production in Finland

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Finnish Minerals Group and Norway-based FREYR Battery have signed a Memorandum of Understanding (MoU) to pursue co-operation in implementing a battery cell investment in Finland. One of Finnish Minerals Group’s strategic objectives is to create a sustainable battery value chain in Finland. Earlier post.).

Finland 170
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ESL Shipping first to utilize Neste’s co-processed marine fuel for GHG emissions

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Finnish shipping company ESL Shipping will become the world’s first shipping company to start utilizing new low-emission Neste Marine 0.1 co-processed marine fuel ( earlier post ) in its vessels in Finland and Sweden. —Mikki Koskinen, Managing Director of ESL Shipping. Neste Marine 0.1

Mariner 273