According to the Bank’s website, the project consists of the design, implementation and operation of various combined large-scale (~120 MW) synthetic methane and "green" hydrogen production facilities, to be co-located at various combined heat and power stations at several sites in Finland.
The project would support EU and national climate and renewable targets for 2030 through the production of renewable hydrogen and derivates (synthetic fuels) to be used in transport. The project would address two main market failures, i.e.: (i) negative carbon externalities, as it ensures the integration of a new renewable fuel in the transport sector, through a large-scale implementation of hydrogen technologies, and (ii) positive learning externalities, as renewable hydrogen and synthetic fuel production can be considered a technology at an early stage of deployment with a significant potential for future cost decrease.
No contact information provided at the time of disclosure.
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