Utilizing local raw materials and fossil-free energy and applying circular economy thinking throughout the value chain, Blastr Green Steel is expected to produce 2.5 million tons of cost-competitive, ultra-low CO₂ steel with 90% lower comprehensive 1-3 emissions than conventional steel production.
Furthermore, with this new way of production, it aims to establish production facilities in the Nordic Region with its ports providing access to European markets.
Mark Bula, who completed the pre-feasibility and project development phase expressed; "I am excited to join Blastr and his talented team to realize the huge potential for carbon emission reductions on a global scale and ensure significant value creation in the long term''
CEO Hans, previously Chief Commercial Officer at H2 Green Steel and Big River Steel, stated that he is confident that the success of Blastr Green Steel will continue under Mark's leadership.
With 35 years of experience in the global steel industry, Mark Bula has been appointed as CEO in order to realize Blastr Company's goals. Current CEO Hans Fredrik Wittusen will hand over his position to Mark Bula later this month.
Speaking to SteelRadar, Mark Bula stated: "Steel is a primary industry that every country needs and wants to secure for its economic and manufacturing base. Blastr is focused on being a good steward of our planet and for the citizens of our local communities. I am thrilled to join the Blastr team in Finland as we seek to position the country in the race to decarbonize the global steel industry. In doing so, we are returning Finland's economic base to healthier days."
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