Green Hydrogen-enabled Solutions

VISION: Finland as a competitive country for producing green hydrogen-enabled solutions, such as green steel, synthetic fuels, green ammonia-based fertilizers, and food proteins

  • Green steel for consumer and industrial applications: Finland producing green steel for consumer products, such as kitchen ware, and green specialty steel for demanding end-use applications, such as automotive
  • Sustainable marine and aviation fuels for the green Nordic corridors: Finland producing green ammonia-based fuels for marine and aviation, creating a lighthouse green corridor in the Nordics
  • Green fertilizers: Finland producing green ammonia-based fertilizers for the EU market, utilizing green hydrogen and bio-based ingredients
  • Alternative proteins: Finland supporting European food resilience by producing and supplying low carbon green hydrogen-based proteins to the EU market

“Finland has a geographical advantage for green hydrogen and its derivatives production through affordable wind power, large amounts of biogenic carbon dioxide and rich water resources.”
—Herkko Plit, CEO, P2X Solutions


    Green hydrogen is key in decarbonizing hard-to-abate industries that contribute to the three most emitting value chains—Housing, Food and Travel—which account for ~80% of global GHG emissions.

    Globally, green hydrogen and its derivatives will be an estimated >€1 trillion market by 2050. The EU has set a target to produce 10 Mt of green hydrogen within the region by 2030, of which Finland has the conditions to produce 10%. This would translate to a €50 billion investment in wind power and green hydrogen within this decade.

    The total export potential for green fertilizers, sustainable marine, and aviation fuels, as well as for alternative proteins is between €10 billion and €12 billion. The green alternatives will grow at a projected 16%-20% CAGR up to 2035 (vs. conventional only 3%-7%).

    The carbon handprint potential is substantial: for example, green hydrogen-based alternative proteins alone have an estimated carbon handprint of ~270 kg CO2e per kg of protein produced compared to beef.


    Finland is uniquely positioned with access to growing renewable electricity, biogenic CO2, freshwater, and strong engineering capabilities.


    The Moonshot forms a full green hydrogen economy comprising production, infrastructure, conversion, and utilization, contributing to decarbonization across industries.


    1. Prepare an ambitious and comprehensive industrial strategy on green hydrogen and ensure its execution, building on the National Climate and Energy Strategy
    2. Eliminate unnecessary regulatory barriers, accelerate permits and zoning processes, and catalyze investments to reach sufficient renewable electricity generation (wind power)
    3. Provide coordinated support (R&D and investment funding) for first movers in scaling emerging technologies around industrial electrolysis, BECCU, and green hydrogen transportation and storage
    4. Stimulate demand by broadening national “blending mandates” and implementing national targets for e.g., low-carbon fertilizers and green shipping corridors domestically

    Back to the report