Blastr Green Steel has entered into a memorandum of understanding with European metal processing company Knauf Interfer, for the annual supply of 100,000 tonnes of ultra-low CO2 steel, Kallanish learns.
The collaboration aims to materially increase the supply of decarbonised steel products in Europe.
Blastr is to create a low-emission steel value chain with over 90% lower carbon emissions by using hydrogen and clean energy at its planned steel plant in Inkoo, Finland. It will produce 2.5 million tonnes/year of ultra-low CO2 steel, as well as green iron ore pellet at a plant in the UK to meet growing European demand for sustainable and environmentally friendly industrial solutions, it says.
“The collaboration between Blastr and Knauf Interfer is an important step towards demonstrating Blastr’s business model founded on strong industrial partnerships and our customer-centric approach to meet rapidly growing demand,” says Blastr chief executive Mark Bula. “Together, we will create a more efficient green steel value chain which delivers tangible climate change mitigation combined with a resilient regional supply chain.”
The two companies will leverage Knauf Interfer’s production and supply chain management platform, centred around its trimodal hub in Duisburg, Germany. Its location at Europe’s largest inland port will serve as an important hub with streamlined logistics, ensuring the most economical and sustainable delivery to Central European customers, the firms note.
Domenico Marino, chief operating officer of Knauf Interfer, says: “We are excited to partner with Blastr for a greener future. This collaboration is a major step towards meeting increased demand for green steel through sustainable solutions across the supply chain and reflects Knauf Interfer’s strong commitment to progressing the energy transition.”
Carrie Bone UK