Blastr Green Steel to explore new pellet plant site

The pellet plant is planned to supply feedstock to Blastr’s ultra-low CO₂ steel plant being developed in Inkoo, Finland.

Blastr has selected Lutelandet industrial area on the west coast of Norway, as a potential location to be developed for the company’s pellet plant for converting iron ore pellet feed into direct reduction pellets (DR pellets). The LOI includes an area sublease agreement between Blastr and Lutelandet Offshore Site & Drydock (LLOF), and co-operation between Blastr and Htwo-Fuel to secure grid and power capacity. The plant will employ around 120 people and generate a number of indirect jobs and economic activity in the surrounding area, Blastr has said.

According to a company press release, the pellet plant is a key part of its integrated green steel value chain which has the potential to deliver more than 90% reduction of Scope 1-3 C0₂ emissions compared to conventional steelmaking.

“Lutelandet is a highly attractive site for the production of feedstock to our steel plant with industrial infrastructure already in place, access to a North Sea deepwater port, and clean renewable energy from hydropower and nearby wind farms,” commented Hans Fredrik Wittusen, CEO of Blastr Green Steel. “We look forward to co-operating with our site partners and the surrounding community to further develop the Lutelandet option in order to accelerate the implementation of our pellet plant and optimize our integrated value chain for ultra-low CO₂ steel products.”

“Blastr is a great fit for Lutelandet and will accelerate the development and co-operation between new green industries at our site. A pellet plant of this type and scale brings new competence, jobs, and significant investments to Lutelandet and the region. It also fosters synergy potential for collaboration among different industrial initiatives co-located in the area,” stated Tor Gjertsen, chairman of LLOF Site & Drydock.