Blastr Green Steel Partners with Interfer Edelstahl to Expand Low-Carbon Steel Supply

Strategic Partnership for Sustainable Steel Production
Blastr Green Steel, based in Norway, has entered into a significant strategic partnership with Interfer Edelstahl Group, a German steel trading company. Through this collaboration, Blastr will supply 150,000 tons of ultra-low CO2 steel products annually to Interfer. This deal marks Blastr’s second offtake agreement in just over a month, covering approximately 10% of the planned capacity for its Inkoo, Finland-based steel plant, which is expected to produce 2.5 million tons of low-carbon steel annually.

Commitment to Decarbonized Steel Production
Blastr’s business model focuses on decarbonizing the steelmaking process by using hydrogen instead of coal and leveraging clean energy for feedstock production. The company aims to reduce the carbon footprint of its steel products, with the goal of producing ultra-low CO2 steel that emits less than 500 kilograms of CO2 per ton—significantly lower than traditional steelmaking processes. This partnership aligns with Blastr’s broader goal of creating a low-carbon steel value chain, which has gained increased attention due to growing demand for sustainable steel.

Meeting Growing Market Demand for Green Steel
Blastr CEO Mark Bula emphasized the increasing demand for decarbonized steel, noting that steel products with reduced carbon emissions command a market premium. This agreement is seen as a step forward in providing an industrial solution that will enable large-scale investment into the green transition of Europe’s steel industry. Blastr believes that delivering green steel at scale will play a crucial role in meeting the EU’s climate goals and addressing global sustainability challenges.

Interfer’s Role in the Green Transition
Interfer Edelstahl Group, which is also a shareholder in Blastr, has shown strong commitment to the green transition in the steel industry. CEO Gerold Lorenz highlighted that this agreement with Blastr is in line with Interfer’s mission to promote and supply sustainable, low-carbon steel solutions. As a key player in the steel market, Interfer aims to expand its portfolio with Blastr’s ultra-low CO2 steel, offering it to customers seeking more sustainable materials.

Next Steps in the Partnership
The MoU outlines a long-term commitment to the supply of hot-rolled coil (HRC) steel from Blastr’s Inkoo plant. The first deliveries are expected to begin by the end of 2029, and both companies plan to begin negotiations on a binding agreement in 2025. This collaboration represents a key milestone in scaling the production of low-carbon steel products and expanding Blastr’s reach in European and global markets.