Verso Energy to Build Hydrogen Processing Plant for e-Sustainable Aviation Fuel in Oulu, Finland
Key Ideas
- Verso Energy, a French company, has signed an agreement to construct a hydrogen processing plant in Oulu, Finland, for e-Sustainable Aviation Fuel (e-SAF) production.
- The plant, expected to be the largest of its kind in Finland, will have the capacity to produce 80,000 tonnes per year of e-SAF by combining hydrogen with captured CO2.
- The €1.4bn ($1.5bn) deal with the City of Oulu is set to finalize by 2026, marking Verso Energy's first project outside of France and showcasing Finland's attractiveness for green aviation fuel production.
- The hydrogen-based e-SAF produced will be supplied to aircraft and marine industries, aligning with EU regulations mandating a 2% blend of Sustainable Aviation Fuel in airport fuel from this year.
French company Verso Energy has signed an agreement with the City of Oulu to build a hydrogen processing plant in Oulu, Finland, as part of its e-Sustainable Aviation Fuel (e-SAF) production plans. The plant, to be located in the city's port area, aims to be the largest of its kind in Finland with an annual e-SAF production capacity of 80,000 tonnes by combining hydrogen with captured CO2. The €1.4bn ($1.5bn) deal is set to run until 2026 and marks Verso Energy's first project outside of France. The CEO of Verso Energy highlighted Finland's attractiveness for e-SAF production, praising Oulu for its competitiveness at the European level. The hydrogen-based e-SAF will serve the aviation and marine industries, complying with EU regulations mandating a 2% blend of Sustainable Aviation Fuel in airport fuel starting this year. The Mayor of Oulu expressed satisfaction with the smooth progress of Verso's project, emphasizing the city's role in the green transition and acknowledging the support received from experts and Business Finland.