Blastr Green Steel (Blastr) has signed a Memorandum of Understanding with INTERFER Edelstahl Group, a leading European steel trading company, for the annual supply of 150,000 tonnes of ultra-low CO₂ steel products. This is the second offtake agreement announced in just over a month, covering a combined 10% of the planned capacity at Blastr’s green steel plant under development at Inkoo, Finland.
Blastr is creating a low-carbon steel value chain with lower C0₂ emissions compared to conventional steelmaking by using hydrogen instead of coal in the production process and feedstock made with clean energy. This includes the Inkoo steel plant, set to produce 2.5 million tonnes of ultra-low CO₂ steel annually and the development of a green DR pellet plant in the UK to meet growing European demand for sustainable and environmentally friendly industrial solutions.
Deliveries are planned to start by the end of 2029. Both parties intend to start discussions on a binding agreement in the beginning of 2025.
Photo of Blastr Green Steel
Press release https://shorturl.at/lZx0W
