Helsinki, Finland, February 27, 2025 – Aurora Infrastructure has signed a memorandum of understanding (MoU) with Blastr Green Steel to collaborate on the construction, operation, and ownership of electricity distribution facilities for Blastr’s planned low-carbon steel plant in Inkoo, Finland.
As outlined in the MoU, Aurora Infrastructure will design, engineer, procure, construct, test, commission, operate, maintain, and finance the electricity distribution facilities for the Inkoo plant through a Build, Own, and Operate (BOO) Agreement. This agreement ensures that Blastr Green Steel has access to a reliable and sustainable power infrastructure, supporting its goal of producing green steel with significantly lower CO₂ emissions.
Supporting the Future of Green Steel Production
Blastr Green Steel’s mine-to-gate production model is designed to achieve up to 90% lower CO₂ emissions than conventional steelmaking by replacing coal with hydrogen in the iron production process and utilizing carbon-free energy sources. The partnership with Aurora Infrastructure is crucial in achieving this sustainable transformation. Aurora Infrastructure will be responsible for electricity network development and strategic investments, and the maintenance and operation of electricity networks as a full-service solution.
“The collaboration with Aurora Infrastructure is a critical step forward in realizing our vision of producing green steel at scale. Aurora Infrastructure’s deep experience in energy solutions makes them an ideal partner for this project. We are excited to work together to advance the Inkoo plant, which will not only reduce carbon emissions but also strengthen Finland’s position as a leader in green industrial innovation,” says Mark Bula, CEO of Blastr Green Steel.
Enabling a Sustainable Industrial Future
The partnership highlights a shared commitment to sustainability and industrial innovation. By providing state-of-the-art energy infrastructure, Aurora Infrastructure helps industries accelerate their green transition and meet their sustainability targets.
“We are excited to enter this partnership for planning the Build Own and Operate collaboration with Blastr Green Steel. The Blastr Inkoo project demonstrates how latest technologies in sustainable steelmaking take the industrial landscape forward In Finland. It also highlights two key components of the Aurora Infrastructure story. First, our trusted operational expertise in accelerating the green wave of electrification, and second, ensuring that the investments required for the green transition have solid, long-term financial resources behind them” says Robin Lindahl, CEO of Aurora Infrastructure.
This collaboration between Aurora Infrastructure and Blastr Green Steel represents an important step toward decarbonizing the steel industry and enabling sustainable industrial growth in Finland and beyond.
For further information, contact:
Robin Lindahl
robin.lindahl@aurorainfra.com
+358 50 5959616
About Aurora Infrastructure
Aurora Infrastructure plays a critical role in accelerating the green transition by enabling large-scale electrification of industries and society. By addressing the growing demand for electricity sustainably, Aurora creates measurable financial and environmental benefits for its customers, allowing them to focus on core business operations. With extensive experience in both new and existing infrastructure projects, Aurora works alongside its clients to develop the energy infrastructure that enables sustainable industrial growth. For more information, visit www.aurorainfrastructure.com.
About Blastr Green Steel
Blastr Green Steel (Blastr) is dedicated to decarbonizing the steel industry by building an integrated green steel value chain that leverages Nordic advantages. By utilizing local raw materials, CO₂-free energy, and circular economy principles, Blastr aims to produce 2.5 million tonnes of ultra-low CO₂ steel annually, reducing scope 1-3 emissions by ~90% compared to conventional steel production. Blastr Green Steel is part of Vanir Green Industries. For more information, visit www.blastr.no.
