Isramart : Outokumpu achieves 25pct reduction in CO2 emissions per tonne of stainless steel produced

Isramart news:
Finland based leading European stainless steel producer Outokumpu has announced that facilities have the smallest carbon footprint of all stainless steel producers in Europe. In general, the company notes that the firm's output is 10% to 20% lower than the EU average.

The company states that its results have been achieved through improved processes, but also by optimizing the use of recycled steel and by pursuing a low-carbon electricity mix. The finding were made by Life Cycle Inventory Study on Stainless Steel Production in the EU, conducted by PE International.

Mr Juha Rantanen CEO of Outokumpu said “In the last ten years Outokumpu says it has managed to reduce its direct carbon dioxide emissions by 25% per tonne of stainless steel produced. Outokumpu's target is a further 20% reduction by 2020. Emissions are calculated per ton of steel produced, hence highlighting not only the actual reductions, but also production efficiency.”

He added that “The targeted annual reduction approximately 370 000 tons of CO2 emissions during the program period 2010-2020 the target will result in reduction of 2 200 000 tonnes, calculated against current capacity and products. Outokumpu carbon profile consists of direct emissions from production operations, indirect emissions from purchased.”

Mr YPS Suri country head of Outokumpu India said “As Emissions are calculated per ton of steel produced hence highlighting not only the actual reductions but also production efficiency. Outokumpu carbon profile consists of direct emissions from production operations, indirect emissions from purchased electricity as well as emissions resulting from transport of products and business travel. Outrokumpu India will also help the company in reducing carbon emissions.”

Mr Suri added that “Being a global player in an energy intensive industry means great responsibility and we are making our contribution. The proportion of recycled material in our products is already a lot higher than the global average and our ferrochrome production is a world leader in both energy efficiency and curbing CO2 emissions.”