Blastr Green Steel and Cargill sign a cooperation agreement
Norwegian Blastr Green Steel and Cargill, an American player along the global ferrous supply chain, have signed a framework agreement for supply and financing. Blastr plans to establish a green steel plant with an integrated hydrogen production facility in Inkoo, Finland.
The agreement covers the supply of iron ore to the Blastr Pellet Plant, offtake and selling of Direct Reduction (DR) pellets, Hot Briquetted Iron (HBI) and ultra-low CO₂ steel products, scrap sourcing, green shipping and logistical solutions, and working capital and risk management services.
The agreement also includes Cargill's USD 10 million equity commitment in Blastr’s planned Series A financing round.
Read more in Blastr's press release.
Photo from the Inkoo site where Blastr is planning a steel mill. Photo by Blastr Green Steel/Foto Bakery
