(IN BRIEF) Outokumpu, a leading stainless steel manufacturer, recently held talks with Mona Neubaur, the Deputy Prime Minister of the State of North Rhine-Westphalia and Minister for Economic Affairs, Industry, Climate Protection, and Energy, to discuss sustainability and climate protection in the steel industry. Outokumpu has already set ambitious targets for reducing emissions and its new product line, Circle Green, reduces total CO2 emissions by approximately 90% compared to the global industry average. The company is investing €7 million in energy efficiency projects at its Krefeld mill and exploring the feasibility of a biocoke plant to generate regenerative gas from waste wood. Outokumpu’s new stainless steel powder production plant in Krefeld uses completely recycled stainless steel scrap to produce high-quality powder for additive manufacturing, representing another step towards greater sustainability.
(PRESS RELEASE) HELSINKI, 20-Mar-2023 — /EuropaWire/ — Outokumpu (HEL: OUT1V), the largest producer of stainless steel in Europe, recently hosted Mona Neubaur, the Deputy Prime Minister of the State of North Rhine-Westphalia and Minister for Economic Affairs, Industry, Climate Protection, and Energy, at their Krefeld mill for discussions on sustainability and climate protection in the steel industry.
Outokumpu has already taken a leadership role in the drive for sustainability, with a carbon footprint that is 70% lower than the global industry average. The company has set ambitious targets for reducing emissions and is committed to the 1.5°C climate target of the Science Based Targets Initiative, making it the only stainless steel manufacturer to commit to these ambitious CO2 reductions. The certification procedures according to the standards of ResponsibleSteel are also currently underway for all European production sites.
“We have a strong track record of sustainability. With Circle Green, we are now setting completely new standards for sustainable stainless steel and can show how environmentally friendly stainless steel can already be produced today,” says Stefan Erdmann, Chief Technology Officer & Group Sustainability. “But for us, sustainability is not just an end in itself. Our development efforts directly benefit our customers: in the end, the lowest possible CO2 emissions also improve their carbon footprint through reduced emissions from the upstream supply chain and thereby make our customers’ products more sustainable.”
Mona Neubaur, Minister for Economic Affairs, Industry, Climate Protection and Energy: “To secure the industry in North Rhine-Westphalia in the long term and continue our state’s success story we need strategies for decarbonization and resource efficiency. As the state government, we support energy-intensive companies with tailor-made funding instruments and support offers to master the major challenges of the climate-neutral transformation. I am therefore very pleased that Outokumpu is massively saving CO2 in steel production here in Krefeld with the Product Carbon Footprint. It shows how the transformation of our industry can succeed.”
Outokumpu’s new product line, Circle Green, is a significant milestone in sustainability, reducing total CO2 emissions (scopes 1, 2, and 3) by approximately 90% compared to the global industry average. The product offers customers more than 5 tons of CO2 emissions saved per ton of stainless steel, compared to the global industry average of around 6.1 tons of CO2 emissions per ton of stainless steel. Outokumpu provides customers with Product Carbon Footprints (PCF) for all of the company’s products, giving product-specific information on total emissions along the production chain.
“We check regularly all options for making our production even more sustainable,” says Dr. Cem Kurutas, Managing Director and Head of Operations Krefeld. “This applies to the recovery of heat from our production processes as well as to measures with which we can save resources and promote biodiversity at our sites.” To support the latter, the “bee meadows” which have been successfully planted at the Outokumpu mill in Dillenburg a few years ago will soon also grow in Krefeld.
Investments of around €7 million are planned for various energy efficiency projects at the Krefeld mill to further optimize processes and increase energy efficiency by a total of 8% by 2024, significantly reducing resource consumption per ton of stainless steel produced. Outokumpu is also exploring the feasibility of a biocoke plant to generate regenerative gas from waste wood.
“What we as a company do for sustainability today will determine how the world of tomorrow will look like. That is why Outokumpu’s sustainability strategy does not only reach people’s heads, but also their hearts,” summarizes Managing Director and Labor Director Henrik Lehnhardt.
In addition, Outokumpu’s new stainless steel powder production plant in Krefeld is set to begin production. The plant utilizes completely recycled stainless steel scrap from its own mills to produce high-quality powder for additive manufacturing. The plant not only opens up a new customer segment for Outokumpu, but is also a significant step towards greater sustainability.
Outokumpu’s commitment to sustainability is driving innovation and pushing the steel industry towards a more sustainable future. For more information on Outokumpu’s sustainability initiatives and product offerings, please visit www.outokumpu.com/sustainability.
For more information please contact:
Claudia Fischer, Communications Manager Germany, tel. +49 (0) 176 56907575, e-mail claudia.fischer(at)outokumpu.com
SOURCE: Outokumpu Oyj
- Ringier Axel Springer Polska Faces Lawsuit for Over PLN 54 million
- Digi Communications N.V. announces the availability of the report on corporate income tax information for the financial year ending December 31, 2023
- Unlocking the Multi-Million-Dollar Opportunities in Quantum Computing
- Digi Communications N.V. Announces the Conclusion of Facilities Agreements by Companies within Digi Group
- The Hidden Gem of Deep Plane Facelifts
- KAZANU: Redefining Naturist Hospitality in Saint Martin ↗️
- New IDTechEx Report Predicts Regulatory Shifts Will Transform the Electric Light Commercial Vehicle Market
- Almost 1 in 4 Planes Sold in 2045 to be Battery Electric, Finds IDTechEx Sustainable Aviation Market Report
- Digi Communications N.V. announces the release of Q3 2024 financial results
- Digi Communications NV announces Investors Call for the presentation of the Q3 2024 Financial Results
- Pilot and Electriq Global announce collaboration to explore deployment of proprietary hydrogen transport, storage and power generation technology
- Digi Communications N.V. announces the conclusion of a Memorandum of Understanding by its subsidiary in Romania
- Digi Communications N.V. announces that the Company’s Portuguese subsidiary finalised the transaction with LORCA JVCO Limited
- Digi Communications N.V. announces that the Portuguese Competition Authority has granted clearance for the share purchase agreement concluded by the Company’s subsidiary in Portugal
- OMRON Healthcare introduceert nieuwe bloeddrukmeters met AI-aangedreven AFib-detectietechnologie; lancering in Europa september 2024
- OMRON Healthcare dévoile de nouveaux tensiomètres dotés d’une technologie de détection de la fibrillation auriculaire alimentée par l’IA, lancés en Europe en septembre 2024
- OMRON Healthcare presenta i nuovi misuratori della pressione sanguigna con tecnologia di rilevamento della fibrillazione atriale (AFib) basata sull’IA, in arrivo in Europa a settembre 2024
- OMRON Healthcare presenta los nuevos tensiómetros con tecnología de detección de fibrilación auricular (FA) e inteligencia artificial (IA), que se lanzarán en Europa en septiembre de 2024
- Alegerile din Moldova din 2024: O Bătălie pentru Democrație Împotriva Dezinformării
- Northcrest Developments launches design competition to reimagine 2-km former airport Runway into a vibrant pedestrianized corridor, shaping a new era of placemaking on an international scale
- The Road to Sustainable Electric Motors for EVs: IDTechEx Analyzes Key Factors
- Infrared Technology Breakthroughs Paving the Way for a US$500 Million Market, Says IDTechEx Report
- MegaFair Revolutionizes the iGaming Industry with Skill-Based Games
- European Commission Evaluates Poland’s Media Adherence to the Right to be Forgotten
- Global Race for Autonomous Trucks: Europe a Critical Region Transport Transformation
- Digi Communications N.V. confirms the full redemption of €450,000,000 Senior Secured Notes
- AT&T Obtiene Sentencia Contra Grupo Salinas Telecom, Propiedad de Ricardo Salinas, Sus Abogados se Retiran Mientras Él Mueve Activos Fuera de EE.UU. para Evitar Pagar la Sentencia
- Global Outlook for the Challenging Autonomous Bus and Roboshuttle Markets
- Evolving Brain-Computer Interface Market More Than Just Elon Musk’s Neuralink, Reports IDTechEx
- Latin Trails Wraps Up a Successful 3rd Quarter with Prestigious LATA Sustainability Award and Expands Conservation Initiatives ↗️
- Astor Asset Management 3 Ltd leitet Untersuchung für potenzielle Sammelklage gegen Ricardo Benjamín Salinas Pliego von Grupo ELEKTRA wegen Marktmanipulation und Wertpapierbetrug ein
- Digi Communications N.V. announces that the Company’s Romanian subsidiary exercised its right to redeem the Senior Secured Notes due in 2025 in principal amount of €450,000,000
- Astor Asset Management 3 Ltd Inicia Investigación de Demanda Colectiva Contra Ricardo Benjamín Salinas Pliego de Grupo ELEKTRA por Manipulación de Acciones y Fraude en Valores
- Astor Asset Management 3 Ltd Initiating Class Action Lawsuit Inquiry Against Ricardo Benjamín Salinas Pliego of Grupo ELEKTRA for Stock Manipulation & Securities Fraud
- Digi Communications N.V. announced that its Spanish subsidiary, Digi Spain Telecom S.L.U., has completed the first stage of selling a Fibre-to-the-Home (FTTH) network in 12 Spanish provinces
- Natural Cotton Color lancia la collezione "Calunga" a Milano
- Astor Asset Management 3 Ltd: Salinas Pliego Incumple Préstamo de $110 Millones USD y Viola Regulaciones Mexicanas
- Astor Asset Management 3 Ltd: Salinas Pliego Verstößt gegen Darlehensvertrag über 110 Mio. USD und Mexikanische Wertpapiergesetze
- ChargeEuropa zamyka rundę finansowania, której przewodził fundusz Shift4Good tym samym dokonując historycznej francuskiej inwestycji w polski sektor elektromobilności
- Strengthening EU Protections: Robert Szustkowski calls for safeguarding EU citizens’ rights to dignity
- Digi Communications NV announces the release of H1 2024 Financial Results
- Digi Communications N.V. announces that conditional stock options were granted to a director of the Company’s Romanian Subsidiary
- Digi Communications N.V. announces Investors Call for the presentation of the H1 2024 Financial Results
- Digi Communications N.V. announces the conclusion of a share purchase agreement by its subsidiary in Portugal
- Digi Communications N.V. Announces Rating Assigned by Fitch Ratings to Digi Communications N.V.
- Digi Communications N.V. announces significant agreements concluded by the Company’s subsidiaries in Spain
- SGW Global Appoints Telcomdis as the Official European Distributor for Motorola Nursery and Motorola Sound Products
- Digi Communications N.V. announces the availability of the instruction regarding the payment of share dividend for the 2023 financial year
- Digi Communications N.V. announces the exercise of conditional share options by the executive directors of the Company, for the year 2023, as approved by the Company’s Ordinary General Shareholders’ Meetings from 18th May 2021 and 28th December 2022
- Digi Communications N.V. announces the granting of conditional stock options to Executive Directors of the Company based on the general shareholders’ meeting approval from 25 June 2024
- Digi Communications N.V. announces the OGMS resolutions and the availability of the approved 2023 Annual Report
- Czech Composer Tatiana Mikova Presents Her String Quartet ‘In Modo Lidico’ at Carnegie Hall
- SWIFTT: A Copernicus-based forest management tool to map, mitigate, and prevent the main threats to EU forests
- WickedBet Unveils Exciting Euro 2024 Promotion with Boosted Odds
- Museum of Unrest: a new space for activism, art and design
- Digi Communications N.V. announces the conclusion of a Senior Facility Agreement by companies within Digi Group
- Digi Communications N.V. announces the agreements concluded by Digi Romania (formerly named RCS & RDS S.A.), the Romanian subsidiary of the Company
- Green Light for Henri Hotel, Restaurants and Shops in the “Alter Fischereihafen” (Old Fishing Port) in Cuxhaven, opening Summer 2026
- Digi Communications N.V. reports consolidated revenues and other income of EUR 447 million, adjusted EBITDA (excluding IFRS 16) of EUR 140 million for Q1 2024
- Digi Communications announces the conclusion of Facilities Agreements by companies from Digi Group
- Digi Communications N.V. Announces the convocation of the Company’s general shareholders meeting for 25 June 2024 for the approval of, among others, the 2023 Annual Report
- Digi Communications NV announces Investors Call for the presentation of the Q1 2024 Financial Results
- Digi Communications intends to propose to shareholders the distribution of dividends for the fiscal year 2023 at the upcoming General Meeting of Shareholders, which shall take place in June 2024
- Digi Communications N.V. announces the availability of the Romanian version of the 2023 Annual Report
- Digi Communications N.V. announces the availability of the 2023 Annual Report
- International Airlines Group adopts Airline Economics by Skailark ↗️
- BevZero Spain Enhances Sustainability Efforts with Installation of Solar Panels at Production Facility
- Digi Communications N.V. announces share transaction made by an Executive Director of the Company with class B shares
- BevZero South Africa Achieves FSSC 22000 Food Safety Certification
- Digi Communications N.V.: Digi Spain Enters Agreement to Sell FTTH Network to International Investors for Up to EUR 750 Million
- Patients as Partners® Europe Announces the Launch of 8th Annual Meeting with 2024 Keynotes and Topics
- driveMybox continues its international expansion: Hungary as a new strategic location
- Monesave introduces Socialised budgeting: Meet the app quietly revolutionising how users budget
- Digi Communications NV announces the release of the 2023 Preliminary Financial Results
- Digi Communications NV announces Investors Call for the presentation of the 2023 Preliminary Financial Results
- Lensa, един от най-ценените търговци на оптика в Румъния, пристига в България. Първият шоурум е открит в София
- Criando o futuro: desenvolvimento da AENO no mercado de consumo em Portugal
- Digi Communications N.V. Announces the release of the Financial Calendar for 2024
- Customer Data Platform Industry Attracts New Participants: CDP Institute Report
- eCarsTrade annonce Dirk Van Roost au poste de Directeur Administratif et Financier: une décision stratégique pour la croissance à venir
- BevZero Announces Strategic Partnership with TOMSA Desil to Distribute equipment for sustainability in the wine industry, as well as the development of Next-Gen Dealcoholization technology
- Editor's pick archive....