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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. —Outi Ervasti, Vice President of Renewable Hydrogen at Neste.

Finland 210
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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. tonnes of CO₂.

Finland 437
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Green NortH2 Energy receives €2.3M in R&D funding from Business Finland for the development of green hydrogen and ammonia production

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Business Finland has awarded €2.3 With the loan, the Finland-based company is developing a green hydrogen and ammonia production concept. Green NortH2 Energy will produce green hydrogen via electrolysis using renewable electricity. This will create a significant reduction in emissions.

Finland 259
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Neste moves forward with renewable hydrogen project in Porvoo refinery

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In accordance with its ambition to reach carbon-neutral production by 2035, Neste is working on a 120 MW electrolyzer project to produce renewable (i.e. green) hydrogen at its Porvoo refinery in Finland. If an investment decision is made, green hydrogen production could start in 2026.

Hydrogen 199
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Neste selects Rotterdam as a location for its possible next world-scale renewable products refinery

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Neste announced in March 2020 an intention to increase its renewable products production capacity in Europe according to the company strategy. The company has now concluded a thorough study phase concerning the two possible locations, Porvoo, Finland and Rotterdam in the Netherlands. Neste has existing sites in both locations.

Renewable 397
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Allianz to invest in Finnish green hydrogen and power-to-gas developer Ren-Gas; sector coupling

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Allianz Capital Partners, on behalf of Allianz insurance companies, has signed an agreement to acquire a minority stake in Ren-Gas Oy , a green hydrogen and power-to-gas project developer based in Finland. The main product of Ren-Gas’ plants is renewable synthetic methane, which is made from green hydrogen and captured carbon dioxide.

Gas 259
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Wärtsilä and partners to cooperate in wind-to-hydrogen-to-electricity project; other power-to-X fuels

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Wärtsilä Finland, the energy companies Vaasan Sähkö and EPV Energia, and the City of Vaasa, Finland have signed a letter of intent to cooperate in a project aimed at utilizing emissions-free hydrogen in power generation, industry and transportation applications.

Hydrogen 290