Fennovoima has terminated the engineering, procurement and construction contract with RAOS Project for the planned Hanhikivi 1 nuclear power plant project in northern Finland. Russian state nuclear corporation Rosatom said it was "extremely disappointed" by the decision.
CORRECTED The city of Vantaa has said its municipal energy company must withdraw from the project to build the Hanhikivi 1 nuclear power plant in Finland, saying the situation in Ukraine makes it unlikely a licence would be granted.
Austria’s OMV will strive to become a “leading producer of sustainable fuels and chemical feedstock in Europe” and aims to reduce fossil fuel processing, the company said. OMV said fossil fuel processing at its European refineries will “decline significantly” in terms of volumes and margins as it focuses on renewable fuels and sustainable chemical feedstocks. .
Fennovoima says that the "Russian invasion of Ukraine, and the counter measures by EU and western countries as a consequence" pose a "major risk" to the future of the nuclear power plant project.
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