OX2 and the Bank of Åland’s mutual fund subsidiary Ålandsbanken Fondbolag, have initiated a feasibility study for the planning and establishment of a “Mega Grön Hamn” (Mega Green Port) in the port of Långnäs in Åland.
The project is a key element of efforts to create the Nordic region’s leading green hub in Åland, with an extra focus in this project on the shipping segment and the establishment of new business operations in Åland.
Fully developed, the port will function as a green node and will open opportunities for the creation of new business operations, new jobs, an electrical connection to Åland and much more. The capacity requirement for Långnäs is estimated at 3,000 megawatts (MW), which is the maximum size of the electrolyser.
The Mega Green Port project includes plans to produce hydrogen as a fuel for the shipping industry, for future local archipelago transport services and for industrial processes in Åland.
Långnäs will also become an important hub for transporting hydrogen through the planned Baltic Sea Hydrogen Collector south to the European continent.
The project company is also conducting a dialogue directly with international companies about establishing new operations in Åland. This includes both the manufacturing sector, the information technology (IT) industry and potential agricultural opportunities, which are all dependent on large-scale green energy production.
The feasibility study for Långnäs as a Mega Green Port is an important step in understanding how Långnäs can play a key role in the future of the Åland business community, especially with reference to the growth of existing Åland companies and the establishment of new business operations
said Peter Wiklöf, Manager Director and Chief Executive of the Bank of Åland.
According to plans, the feasibility study will last for 12 months and create a better understanding of the conditions around the proposed Långnäs Mega Green Port, both practical and technical, as well as financial factors.
