Outokumpu, the global leader in sustainable stainless steel, has decided to invest EUR 40 million for building up a high quality biocarbon production plant in Germany. Approximately EUR 10 million of the capital expenditure is included in the CAPEX frame related to Outokumpu’s second strategy phase and the company remains committed to maintaining the maximum CAPEX frame of EUR 600 million. The company is constantly looking for ways to further reduce climate impact throughout its value chain. Efforts to replace fossil raw materials with economically viable alternatives is a key element in this journey.
The plant will be built in the city of Sassnitz in the state of Mecklenburg-Vorpommern in Northeastern Germany, utilizing existing infrastructure and buildings at the Mukran Port. The planned annual production capacity is 15,000 tonnes of biocarbon using waste wood as raw material. Biocoke is used as a reductant in Outokumpu’s ferrochrome production.
Courtesy of Outokumpu.