
Blastr Green Steel
Developing local, decarbonized, and scalable value chains for green steel production in the Nordic region.
Date | Investors | Amount | Round |
---|---|---|---|
investor investor investor investor | €0.0 | round | |
* | N/A | Growth Equity non VC | |
Total Funding | 000k |
Blastr Green Steel, established in 2021, aims to revolutionize the steel industry by developing local, decarbonized, and scalable value chains for steel production. The company leverages Nordic advantages such as local raw materials, fossil-free energy, and a highly qualified workforce to significantly reduce CO2 emissions by up to 95%. Blastr Green Steel targets the Nordic region, known for its ambitious political energy transition agenda and deep ice-free ports, providing easy access to European markets. The company collaborates with landowners, local organizations, and municipalities to foster local development, creating jobs and improving infrastructure. Blastr's business model focuses on utilizing renewable energy for heating, reduction, and melting processes, and aims to repurpose surplus energy for other industrial uses, ensuring no energy is wasted. By cutting an estimated 4.6 million tonnes of CO2 annually, equivalent to the emissions from all passenger cars in Finland, Blastr Green Steel positions itself as a leader in sustainable steel production. The company serves industries and markets that demand high-quality, low-carbon steel, including construction, automotive, and manufacturing sectors. Revenue is generated through the sale of green steel products and by leveraging the circular economy to maximize resource efficiency.
Keywords: green steel, decarbonized production, Nordic region, renewable energy, CO2 reduction, circular economy, local raw materials, sustainable infrastructure, energy transition, industrial collaboration.