HELSINKI, July 2, 2024
/PRNewswire/ -- Blastr Green Steel (Blastr) has signed a
partnership agreement with Lhoist, a global leader in lime, dolime,
and mineral solutions, to develop a scalable decarbonized value
chain for ultra-low CO₂ steel production in
Europe. Blastr and Lhoist aim to
reach an agreement on the future supply of Lhoist's LEVEL|GREEN®
low carbon lime and dolime, which would reduce Scope 3 emissions of
the Inkoo plant with up to 50 kg CO₂ per tonne
of steel, supporting Blastr's sustainability targets.
Blastr aims to produce 2.5 million tonnes of ultra-low CO₂ steel
annually in its future steel plant in Inkoo, Finland. Lime and dolime are essential raw
materials for steel production, and the agreement's purpose is to
evaluate the supply of these materials to Blastr.
"Initiating cooperation with Lhoist for the possible use of
LEVEL|GREEN® low carbon lime and dolime could aid Blastr's Scope 3
embodied emissions reduction by as much as 50 kg CO₂ per
tonnes of steel. Using low CO₂ raw materials is of utmost
importance in our ambitious journey to produce steel with CO₂
emissions as low as 300kg per tonne corresponding to 90% lower
CO₂ emissions throughout the value chain," says Mikael Lindvall, Chief Technology Officer at
Blastr.
"We fully support the emergence of green industries in the
Nordics and are proud that Blastr recognizes Lhoist as the best
partner for its project development. The Lhoist Group is taking a
leading role in reducing the carbon footprint of the lime industry
by implementing low-carbon fuels on a large scale and investing in
cutting-edge carbon capture technologies. The enthusiasm of
companies like Blastr strengthens our belief that the market is
ready for our LEVEL|GREEN® low carbon lime and dolime," says
Mathias Michiels, Commercial Manager
Nordic at Lhoist.
The partnership will include technical support for selecting
lime and dolime products and implementing them into the steel
production process. Lhoist will also evaluate an investment project
for a terminal handling the supply of the products to the steel
plant and support Blastr with its permitting process throughout
this evaluation. The partners aim to sign a supply agreement in due
course, which is subject to Blastr's final investment decision for
the steel plant.
"Access to large quantities of high-quality lime and dolime is
essential for Blastr to produce high-quality strip steel products
for our end-customers. Lhoist can offer supply chain security
thanks to its European wide network of plants. Therefore, this
partnership with Lhoist enables us to jointly explore the most
optimal supply solutions as well as to investigate the most
efficient methods to use the lime and dolime in the steel plant,"
says Antti Kaikkonen, Country
Manager at Blastr Finland.
CONTACT:
Antti
Kaikkonen, Country Manager, Blastr Green Steel Oy
Tel. +358 50 453 6308
antti.kaikkonen@blastr.no
Mathias Michiels, Commercial
Manager Nordic, Lhoist
Tel. +45 20 71 05 15
mathias.michiels@lhoist.com
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