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Hy2gen has partnered with the City of Oulu to create a 200MW hydrogen-based e-fuel plant in Finland's Vihreäsaari industrial area. The land for the facility was secured in November 2025, with a cooperation agreement anticipated in 2026.

This project aims to make Oulu a major hub for synthetic fuel production in the Baltic Sea region, complementing other initiatives like Verso Energy's €1.4bn sustainable aviation fuel facility. Hy2gen's efforts in hydrogen production span multiple countries, including Germany, France, Norway, and Canada, and align with the EU's Renewable Fuels of Non-Biological Origin regulations.