Outokumpu joins an extensive research program to support journey towards carbon neutrality

Outokumpu Oyj
Press release
February 16, 2021 at 10.00 am EET

Outokumpu joins an extensive research program to support journey towards carbon neutrality

Outokumpu joins a three-year research program Towards Carbon Neutral Metals (TOCANEM) as a part of a consortium of multiple metal industry companies and universities in Finland. The research program is an important step in Outokumpu’s roadmap towards carbon neutrality. It enables Outokumpu to study and develop necessary technologies needed to reach ambitious climate targets and to support Outokumpu’s industry leading position in sustainability.

Says Juha Erkkilä, Head of Group Sustainability, Excellence & Reliability at Outokumpu: “The program supports fundamental research necessary for implementing and developing technologies that will help Outokumpu to reduce CO2 emission intensity across all direct and indirect scopes. Teaming up with a consortium will allow the use of best research resources and provide access to technologies outside of our current capabilities.”

The ambition of the TOCANEM project is to enable the shift to carbon neutral metals production in Finland, to establish global leadership in process innovations related to carbon neutral metals production and to provide new research-driven knowhow. The project is one of the strategic projects of the Association of Finnish Steel and Metal Producers and it is coordinated by the University of Oulu. The project has received financing from Business Finland.

The project is a part of the implementation of national and EU level low-carbon roadmaps. In Finland, the largest CO2 reduction potential in the industrial sector lies in metals production. Outokumpu has set ambitious goals for its own operations and aims to reach carbon neutrality by 2050. Outokumpu is already well on-track to meet its short-term target of 20% reduction by 2023.

For more information:

Corporate Communications, tel. +358 9 421 3840

Outokumpu Oyj

 

Outokumpu is the global leader in stainless steel. The foundation of our business is our ability to tailor stainless steel into any form and for almost any purpose. Stainless steel is sustainable, durable and designed to last forever. Our customers use it to create civilization’s basic structures and its most famous landmarks as well as products for households and various industries. Outokumpu employs some 10,000 professionals in more than 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki. www.outokumpu.com