Preparation for the hydrogen plant planned by the American company Plug Power in Kristiinankaupunki is progressing, and in the best case, the plant will be operational by the end of 2030. In contrast, the French company Gravithy has for now abandoned its plans to build a reduced iron production plant alongside the hydrogen plant.
The reason behind Gravithy’s withdrawal is reportedly that financiers now want the company to focus on its flagship project located in France.
Instead, Plug Power continues to plan the hydrogen plant as before, but the use case for hydrogen is being re-evaluated.
New possibilities are brought by the large hydrogen pipeline planned by the state-owned Gasgrid Finland, which would run along the Gulf of Bothnia coast from south to north, including through Kristiinankaupunki towards Vaasa and Oulu.