Verso Energy and Oulu City Collaborate on €1.4bn Green Hydrogen Project for Aviation
Key Ideas
  • Verso Energy partners with Oulu to develop a €1.4bn green hydrogen facility for e-SAF production.
  • Oulu government supports the project by advancing the zoning of the city port's industrial area.
  • The project aims to produce 80,000 tonnes of e-SAF annually, contributing to sustainable aviation.
  • The collaboration between Verso Energy and Oulu demonstrates Finland's flexibility in project planning processes.
French project developer Verso Energy has entered into a cooperation agreement with the Finnish city of Oulu to collaborate on a groundbreaking project. The €1.4bn facility will focus on processing green hydrogen to produce synthetic aviation fuels, known as e-SAF. Oulu's government is actively involved in supporting the project by facilitating the zoning of the city port's green transition industrial area to align with the requirements of the project. This initiative has the potential to generate 80,000 tonnes of e-SAF annually, which is a significant step towards sustainable aviation practices. Marko Kilpeläinen, the director of urban environment services for Oulu, highlighted the advantage of Finland's zoning process, which allows for parallel progress with companies' project planning, offering a higher degree of flexibility compared to other countries. The collaboration between Verso Energy and Oulu exemplifies a positive stride towards green hydrogen innovation and sustainable fuel production for the aviation sector.
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