Verso Energy and City of Oulu Partner for €1.4 Billion Hydrogen Plant
Key Ideas
- French company Verso Energy and City of Oulu signed a co-operation agreement to build a hydrogen processing plant with an annual capacity of 80,000 tonnes of e-SAF, creating 250 jobs.
- The €1.4 billion project strengthens Oulu's position as a hydrogen hub in the Nordics and marks the largest plant of its kind in Finland.
- The agreement aligns with EU regulations mandating a 2% blend of sustainable aviation fuel at airports, with Oulu being a key player in green transition investments.
- The collaboration between Verso Energy and the city showcases Finland's potential in combining job creation, industrial growth, and sustainability, highlighting a smooth zoning process for project planning.
The City of Oulu in Finland has partnered with French company Verso Energy to construct a hydrogen processing plant with a production capacity of 80,000 tonnes of e-SAF annually, valued at €1.4 billion. The project aims to create 250 jobs and solidify Oulu's status as a hydrogen hub in the Nordics. Verso Energy's CEO, Antoine Huard, praised Finland's attractiveness for e-SAF production, citing Oulu's competitiveness on a European level. This investment in Oulu marks a significant step in the green transition, especially in the aviation sector where sustainable aviation fuel is becoming mandatory. The collaboration between Verso Energy and Oulu emphasizes the city's strength in attracting green transition investments and the flexibility of Finland's zoning process. The partnership showcases the potential for job creation, industrial growth, and sustainability. With the agreement running until 2026, both parties are committed to advancing the project and defining responsibilities for a successful implementation.