Blastr invest €4bn in new green steel production facility

Innovation News Network ^ | January 5, 2023

[ConservativeDude]

A new green steel plant with an integrated hydrogen production facility is set to be established in Inkoo, Finland.

In order to ramp up production, Blastr Green Steel (Blastr) has entered into a Letter of Intent with Fortum, a Nordic energy company. This provides Blastr with exclusive rights to use an existing industrial site in Inkoo.

[ConservativeDude]

So my question is this, and forgive me if it is stupid. But, is this a path to make America more of a steel producer? Not particularly concerned about the green elements. But very concerned about China's production and use of the world's steel. Would this process help the US get back in the game? (Especially in areas like the Gulf Coast where hydrogen is produced incidentally by refineries?)

[butlerweave]

I think the word Green now means Scam ,LOL

[joe fonebone]

I’m confused..
rudimentary steel is melted iron and carbon.
If you remove the carbon you have iron, not steel.
If you replace the carbon with other materials, you still do not have steel.
Perhaps I am not understanding this correctly.....

[ConservativeDude]

hopefully theyve figured something out!

[PGR88]

So beyond just producing better quality steel at a cheaper price, a new metric to be met is some environmental target on carbon, randomly imposed by political needs of government.

NO. Its not the future. Its sounds like it will be an expensive failure.

[moovova]

Shades of Hank Reardon.

[wny]

you cannot generate enough heat to make steel using windmills and solar panels...

[ConservativeDude]

not in the traditional processs....but what the article says is that they are using hydrogen to fire the process, and the iron is not melted but turned into “sponge iron”.

I’m not advocating here...just inquiring :)

[Chode]

and it took six posts...