Green North Energy Oy has made a reservation for a plot of land in the Luolala area of Naantali to advance the planning of the company’s green hydrogen project, according to the company's release. The intention of the project is to produce hydrogen products, such as green ammonia, on the basis of renewable electricity. This enables both global and local green transition and improves Finland’s security of supply. Currently, the company is investigating alternative locations for the production plant.
Elomatic’s project development company Green North Energy Oy has made a reservation for a plot of land in the Luolala area of Naantali. The reservation is connected to the company’s green hydrogen project that is intended to produce synthetic fuels and chemicals with renewable energy for the needs of the current market as well as the future. This supports the green transition of traffic and other industries. The company already has a letter of intent with Turun Seudun Energiantuotanto Oy.
Green North Energy Oy focuses primarily on green ammonia. Green ammonia fuels have an especially significant role in shipping because the energy needs of this industry cannot be met with battery technology. Additionally, a critical need for the production of ammonia has emerged to secure the security of supply for agriculture following Russia’s attack on Ukraine.
Green North Energy is currently investigating alternative locations for a production plant and conducting assessments with the City of Naantali, development company Green Industry Park and authorities. The company will make the final decision on the location of the plant or parts of the plant in the area on the basis of these assessments.
Established in 2021, Green North Energy is a green energy project development company which enables the operation of green hydrogen and ammonia plants. The largest business owners of the company are the consulting and engineering company Elomatic Oy and Flexens Oy Ab.
Naantali is a growing and attractive city of over 19,000 residents, located in Southwest Finland. Naantali is a major industrial and port city, with functioning connections on land and through shipping routes.
Green Industry Park Oy is a development company that was established in June 2021. The company’s purpose is to develop the biobased and circular economy as well as industrial renewable energy operations in the Naantali, Raisio and Turku areas, including the area of Naantali’s former refinery.