Outokumpu, continues its commitment to lowering the climate impact throughout its value chain. In a strategic move, the company has signed a pre-agreement with the city of Tornio, Finland, to acquire 96 hectares of land in the Koivuluoto area adjacent to Outokumpu’s Tornio operations.
The acquisition marks a significant step towards Outokumpu’s goal of reducing carbon dioxide emissions by 42% by 2030, compared to the 2016 baseline. By building a robust ecosystem of energy production around its plant in Tornio, Outokumpu aims to create a vibrant environment for circular economy practices. This includes the potential production of hydrogen, chemicals, synthetic fuels, and electricity, crucial for various industries.
Outokumpu is actively engaging with partners to develop sustainable solutions and ecosystems in the Koivuluoto area. Discussions are underway for initiatives supporting decarbonization, such as Small Modular Nuclear (SMR) reactor plans for electricity production. Tony Lindström, General Manager of Outokumpu EvoEnergy, emphasizes the company’s commitment to sustainability and invites interested parties to join them on this journey towards a greener future.
Mayor Jukka Kujala of Tornio expresses support for Outokumpu’s sustainability ambitions, highlighting the city’s strategy to promote renewable energy sources and attract investments in future industries and circular economy initiatives. The collaboration between Outokumpu and the city underscores their shared commitment to environmental responsibility and economic growth.
