Ultra-low CO2 steel manufacturer Blastr secures equity financing – plans for a flagship plant in Inkoo inch forward

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Ultra-low CO2 steel manufacturer Blastr Green Steel (Blastr) has announced a financing round with strategic partners, advancing the development of its flagship steel plant in Finland. Global steel industry leader Cargill Metals, Germany-based steel trader INTERFER Group, Tesi, and Blastr’s founder Vanir Green Industries participated in the equity financing round by the Norwegian-based company.

Blastr fully aligns with Tesi’s industrial scale-up strategy aimed at promoting economic growth, innovation, and investments. We look forward to providing our long-term support to the project, which will create significant economic activity in Finland by leveraging our rapidly growing local renewable energy industry to offer new competitive solutions for reducing global emissions and driving the clean and green transition,” comments Esa Koponen, Investment Director at Tesi.

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Additional information:

Esa Koponen, Investment Director, Growth and Industrial Investments
+358 50 577 9166

Tesi (officially Finnish Industry Investment Ltd) is a state-owned, market-driven investment company that invests in venture capital and private equity funds and directly in Finnish startups and growth companies. tesi.fi | X (Twitter) | LinkedIn | Instagram | Bluesky | Threads | Newsletter