Blastr Green Steel has attracted a new strategic investor in its latest round of financing, which aims to collaborate on the creation of best-in-class water supply systems at a planned plant in Inkoo, Finland.
In addition to investing in the project, the new Ecolab Partner has started designing and intends to subsequently build and operate a water management system at the plant, Blastr reports with reference to Kallanish.
According to Blastr, Ecolab is a global leader in water supply, hygiene, and infection prevention services, operating in more than 170 countries. Nalco Water offers steel companies and other customers sustainable water supply solutions that reduce water consumption, maximize water reuse in the production process and wastewater treatment, and minimize the discharge of treated wastewater.
The parties will work together to minimize seawater consumption, seawater discharge and thermal stress at sea, with a potential reduction estimated to be up to 85-90%. Further achievements will be achieved through the innovative integration of storm sewers and the use of municipal wastewater, Blastr notes.
The company adds that it will soon launch a Series A investment round through its recently announced financial advisor Evercore.
"Strategic collaborations like this latest Ecolab will further strengthen Blastr's financial position as we increase our funding," says Blastr Chief Financial Officer David Morant.
Christian Kel Germany
.kallanish.com
