ABO Energy eyes hydrogen and eFuels in Finland
Germany- headed ABO Energy GmbH & Co. KGaA (ABO Energy) has announced that it has been granted a planning reservation to build a hydrogen production plant in Oulu in northern Finland.
The preliminary plan calls for the new hydrogen plant to have an electrolyzer with a maximum capacity of 600 MW. Implementation would take place in 2-3 phases.
In addition to hydrogen production, the company is exploring the possibility of producing electro-fuels (eFuels), such as e-methanol and sustainable aviation fuel (eSAF), in Oulu.
The feasibility of synthetic fuel production depends on biogenic carbon dioxide (bioCO2) availability. ABO Energy would offer the resdiual 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’s Finnish subsidiary ABO Energy Suomi Oy.
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, said Amanda Cardwell of ABO Energy Suomi.
Largest renewable power-producing region
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 hydrogen 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, bioCO2 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.
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