Fortum to recycle scrap metal from Inkoo demolition site on export markets
FORTUM CORPORATION PRESS RELEASE 14 February 2018
For the first time in its history, Fortum will send scrap metal by ship to export markets. Scrap metal coming from the demolition of the Inkoo coal-fired power plant will end up in Turkey for use as a raw material for the metal industry. The scrap metal shipment is scheduled to depart from Inkoo for its destination on Wednesday, 14 February 2018.
“This time the scrap metal will be delivered to a Turkish steel plant, where it will be melted down and turned into new steel for the construction industry. In essence, the metal from the power plant’s walls will be recycled and become part of a new building,” says Fortum’s Tero Holländer, Head of Business Development and Product Sales, Recycling and Waste Solutions.
Fortum has signed a delivery agreement with Cronimet Nordic, one of Europe’s leading metal recyclers. The family-owned Finnish shipping company Meriaura, a specialist in the transport of industrial raw materials, is responsible for the sea transport.
The Inkoo coal-fired power plant demolition project is currently the biggest in Finland and one of the biggest in our industrial history. The demolition is estimated to generate a total of about 230,000 tonnes of various materials. The metal fractions are being sorted during the demolition process and being delivered from the job site as raw material for the domestic and international steel industry and to companies recycling scrap metal.
“Scrap metal is a valuable raw material for industry. The recycling of metals also conserves natural resources and decreases carbon dioxide emissions because the metal can be melted into new products again and again, virtually forever,” Tero Holländer says.
Fortum decided on the demolition of the outdated coal-fired power plant in Inkoo during the latter part of 2016. The demolition work started in spring 2017 and will progress in three phases until 2019. As much as 58 per cent of all the demolition material has been recycled so far.
Tero Holländer, Head of Business Development and Product Sales, Recycling and Waste Solutions, tel. +358 40 861 5071
Fortum is a leading clean-energy company that provides its customers with electricity, heating and cooling as well as smart solutions to improve resource efficiency. We want to engage our customers and society to join the change for a cleaner world. We employ some 9,000 professionals in the Nordic and Baltic countries, Russia, Poland and India. In 2017, our sales were EUR 4.5 billion. Fortum's share is listed on Nasdaq Helsinki. www.fortum.com