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According to the EIB, the project concerns the design, implementation and operation of a renewable hydrogen production facility (40 to 50 MW) for the production of synthetic methane, located next to an existing CHP, close to the city of Lahti, Finland.
The transportation segment accounts for 22% of the CO2 emissions in Finland, out of which 95% is from road transportation. The country is committed to 50% reduction by2030 compared to 2005 level, aiming to become carbon-free by 2045.
In line with the EU regulation, the country is reducing the use of fossil-based fuels in traffic, by implementing a renewable fuel distribution mandate for fuel distributors, requiring a certain share of renewable content within total fuel volume sold. The Finnish government has created a Roadmap to Fossil-Free Transport, which considers biogas as key to reduce emissions from heavy duty vehicle (HDV) transportation. The Roadmap envisages financial incentives, targeting 6200 HDV by2030 to be operated on renewable gas, that should cover the difference between the purchase price of a gas-fuelled truck and the diesel option.
The aim is to 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.
Project investment information not provided at the time of disclosure.
As stated on the company's website, Nordic Ren-Gas Oy is a project development company established in 2021. Ren-Gas invests in the best P2X gas production and distribution sites in Finland. Our projects will create value across the value chain from P2X technology providers to gas and heat end users.
| Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
|---|---|---|---|---|---|---|
| - | - | - | - | Nordic Ren-Gas OY | Client | Energy |
Client - Nordic Ren-Gas OY:
Antti Ruismäki - Project Manager
Email: antti.ruismaki@ren-gas.com
Phone: +358 40 764 1331
Website: www.ren-gas.com
Saara Kujala - CEO
Phone: +358 40 184 9088
Address (HQ): Linnoitustie 6 A, 02600 Espoo, Finland
Responsible local authority - Häme business, transport and environmental center:
Johanna Flood - Inspector General
Email: johanna.flood@ely-keskus.fi
Phone: +358 295 025 019
Website: www.ely-keskus.fi
Local Access to Project Documentation:
- Lahden pääkirjasto, Kirkkokatu 31, 15140 Lahti
- Lahti-piste, Kauppakeskus Trio, Aleksanterinkatu 18, 15140 Lahti
ACCESS TO INFORMATION
You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm
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