ABO Energy has been granted a planning reservation to build a hydrogen production plant in Oulu in northern Finland.
In the preliminary plan, the new hydrogen plant would have an electrolyser with a maximum capacity of 600MW. Implementation would take place in 2-3 phases.
In addition to hydrogen production, the company is exploring the possibility of producing methanol and sustainable aviation fuel (E-SAF) in Oulu.
The feasibility of synthetic fuel production depends on the availability of biogenic carbon dioxide.
ABO Energy would offer the waste heat generated for use as district heating in the Oulu region.
The first phase is planned to be operational around 2034-2036. For the new green transition industrial area of Pyyryväinen, the plant would be implemented by ABO Energy Suomi Oy, whose parent company is ABO Energy KGaA of Germany.
Amanda Cardwell of ABO Energy Suomi Oy said: “Finland is an incredibly attractive destination for investment, thanks to our abundant, affordable green electricity and exceptional capacity to scale up production.
“Our unique strength as a company lies in our ability to supply renewable energy to hydrogen projects directly through our wind energy portfolio.”
Electricity in Finland is among the cheapest in Europe. The Oulu region is the largest producer of renewable electricity in Finland.
Several other hydrogen production and H2 derivative projects have already been initiated in the Oulu region.
Gasgrid Finland plans to establish a hydrogen transport infrastructure to connect Oulu’s hydrogen production with the rest of Finland and other European countries, including Germany.
Other hydrogen production companies have also decided to invest in Oulu, attracted by the international port of Oulu, biogenic carbon dioxide sources and the European TEN-T transport network.
The University of Oulu is also a centre of hydrogen research, providing the city with both high-quality hydrogen expertise and a large pool of hydrogen specialists to meet companies’ workforce needs.
This land reservation is only a preliminary decision; a final investment decision will be made later.