Blastr and Knauf Interfer Partner to Revolutionize European Steel Industry with Ultra-Low CO₂ Steel
Key Ideas
- Blastr and Knauf Interfer sign a Memorandum of Understanding for 100,000 tonnes of ultra-low CO₂ steel annually, aiming to increase decarbonised steel supply in Europe.
- Blastr's innovative value chain uses hydrogen instead of coal, producing steel with over 90% lower CO₂ emissions, with projects in Finland and the UK.
- The collaboration will establish a European ultra-low CO₂ steel supply network, leveraging Knauf Interfer's hub in Duisburg for efficient delivery to Central-European customers.
- The partnership is seen as a significant step towards achieving climate change mitigation and enhancing the regional supply chain in Europe.
Blastr, a major industry start-up in the Nordic region, has partnered with Knauf Interfer, a prominent European metal processing company, to revolutionize the steel industry in Europe. The collaboration involves the annual supply of 100,000 tonnes of ultra-low CO₂ steel, with a focus on enhancing the decarbonisation of steel products in the region. By incorporating hydrogen instead of coal in their production process and utilizing feedstock made with clean energy, Blastr aims to achieve a substantial reduction in CO₂ emissions, surpassing conventional steelmaking methods by over 90%. To support this initiative, Blastr is establishing a low-carbon steel value chain, with projects including a steel plant in Inkoo, Finland, set to produce 2.5 million tonnes of ultra-low CO₂ steel annually, and a green pellets plant in the UK to cater to the increasing demand for sustainable industrial solutions in Europe. Mark Bula, the CEO of Blastr, emphasized the importance of the partnership with Knauf Interfer as a significant milestone in demonstrating Blastr's business model, focusing on strong industrial partnerships and meeting the escalating demand for environmentally friendly products. The collaboration will also lead to the development of a European ultra-low CO₂ steel supply network, utilizing Knauf Interfer's production and supply chain management platform located in Duisburg, Germany. This strategic location, situated in Europe's largest inland port, will ensure efficient and sustainable delivery to customers in Central Europe, contributing to the overall goal of reducing carbon footprint and establishing a resilient regional supply chain. The partnership between Blastr and Knauf Interfer signifies a progressive move towards climate change mitigation and sustainable industrial practices in the European steel sector.