Verso Energy and City of Oulu Join Forces to Create Largest Hydrogen Processing Plant in Finland
Key Ideas
  • The City of Oulu in Finland and Verso Energy signed an agreement to build a hydrogen processing plant with a capacity of 80,000 tonnes of e-SAF, strengthening Oulu's position as a hydrogen hub.
  • The project, valued at €1.4 billion, is expected to create 250 jobs and help produce emission-free aviation fuel in an environmentally friendly manner.
  • Verso Energy's CEO praised Finland's attractiveness for e-SAF production and highlighted successful collaboration with Oulu's authorities to drive job creation, industrial growth, and sustainability.
  • The agreement aligns the City of Oulu's green transition industrial area zoning with Verso Energy's goals, showcasing Finland's flexibility and expertise in attracting green investments.
The City of Oulu in Finland has partnered with French company Verso Energy to establish the largest hydrogen processing plant in the country. This collaboration, signed at the Northern Power forum, aims to construct a plant with a capacity of 80,000 tonnes of e-SAF and an estimated project value of €1.4 billion, which is set to create 250 jobs. The plant, located in the port area of Oulu, will bolster the city's status as a key hydrogen hub in the Nordics. Verso Energy's CEO, Antoine Huard, expressed confidence in Finland's potential for emission-free aviation fuel production and commended the successful partnership with Oulu's authorities. The initiative aligns with EU regulations mandating a 2% blend of sustainable aviation fuel at major airports, addressing the need for SAF production in Finland. The agreement also emphasizes the harmonization of Oulu's industrial areas with Verso Energy's objectives, leveraging Finland's streamlined zoning processes. The co-operation, effective until the end of 2026, focuses on defining investments and responsibilities for the project, signaling Oulu's pivotal role in the green transition. Mayor Ari Alatossava lauded the progress of the project, highlighting Oulu's contribution to sustainability and expressing gratitude to Business Finland for facilitating the partnership with Verso Energy.
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