GHG Emissions, Sourcing Renewables  -  February 14, 2025

Finnish City Partners to Build Hydrogen Processing Plant

The City of Oulu, Finland, signed a co-operation agreement seeking to build a hydrogen processing plant in Oulu. 

The agreement was signed with French company Verso Energy, which intends to construct a plant with a yearly production capacity of 80,000 tons of e-SAF. The estimated value of the project is €1.4 billion.

Verso Energy has several hydrogen and synthetic fuel plants in pipeline in France, but the plant being planned for Oulu is among the company’s first projects abroad. Verso Energy offers synthetic fuels for both aircraft and ships.

Starting this year, fuel used at the EU's largest airports must include a 2% blend of sustainable aviation fuel (SAF). Currently, there are no SAF production plants in Finland.

The agreement ensures that the City of Oulu will advance the zoning of the Port of Oulu’s green transition industrial area.

Marko Kilpeläinen, Director of Urban Environment Services for the City of Oulu, highlights fluent co-operation as Finland’s strength in attracting green transition investments.

"In Finland, the zoning process can run parallel to a company's project planning, offering more flexibility compared to some other countries," he said in a statement. 

The agreement remains in effect until the end of 2026.

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