Oulun Energia Carbon Capture Project

Announced on February 14, 2024, the Laanila Hydrogen Project was originally planned by Oulun Energia and Finnish Power-to-X developer P2X Solutions as an integrated power-to-fuels complex in the Laanila industrial area in Oulu, comprising an electrolysis plant of up to 100 MW, a carbon capture unit drawing biogenic flue gas from Oulun Energia's power plants (the 215 MW Laanila biopower plant and the 53 MW Laanila ecopower plant, plus other local industrial CO₂ sources under investigation), hydrogen and CO₂ storage, and a further-processing plant whose end product would be synthetic methane or methanol. Project development was led by P2X Solutions, with a final investment decision originally targeted for autumn 2025 and commissioning no earlier than 2028, and the Environmental Impact Assessment process began on November 26, 2024. The autumn 2025 FID milestone passed without a public investment decision and there have been no further announcements on the P2X-led methanol/methane pathway since the EIA launch. On June 10, 2026, Oulun Energia signed a Letter of Intent with UP Catalyst to evaluate supplying captured CO₂ from one of its Oulu facilities to UP Catalyst's planned 20,000 tpa graphite and carbon nanotube facility at the Oulu Industrial Park, shifting the project's currently-active utilization pathway from synthetic fuels to critical battery materials while leaving the underlying carbon capture and Laanila industrial integration scope substantially unchanged.