In February 2024, Oulun Energia unveiled its plan to construct a large-scale hydrogen production facility in Oulu, designed to have a capacity of up to 100 megawatts. This project will also feature a carbon capture plant, hydrogen and carbon dioxide storage facilities, and a processing plant capable of producing methane or methanol. Led by project development partner P2X Solutions, the hydrogen plant's preliminary planning stage is progressing as per schedule. The chosen location for the plant, Laanila industrial area, is deemed suitable due to its existing chemical industry and experience in hydrogen utilization. The Environmental Impact Assessment (EIA) initiated by Oulun Energia is critical for evaluating the project's potential impacts on various environmental and social aspects during construction and operation. The EIA aims to provide essential information for decision-making and involve the public in the process. Oulun Energia's hydrogen initiative is expected to provide economic benefits by creating jobs and stimulating business growth in the region. The project, if approved, could commence hydrogen production as early as 2028, following a planned investment decision in 2025.