Outokumpu aims to improve its energy efficiency significantly in 2023 and 2024 amidst the European energy crisis
HELSINKI, Nov. 3, 2022 /PRNewswire/ -- Outokumpu has decided to significantly increase its energy efficiency improvement target and prioritize related investments in 2023 and 2024.
So far, Outokumpu's target has been to improve energy efficiency by
"The European energy crisis has created a turbulent operating environment. To tackle the uncertainty, we have decided to take immediate action on our own energy efficiency. This means that we will prioritize investments to improve our energy efficiency and also increase related annual capital expenditure by EUR 20 million in 2023 and 2024," says Outokumpu's Chief Technology Officer Stefan Erdmann.
These additional investments do not impact Outokumpu's capital expenditure frame of EUR 600 million for the second phase of the strategy by the end of 2025. For 2023 and 2024, the annual capital expenditure remains EUR 200 million.
Outokumpu's target is to reduce its carbon dioxide emissions by
For more information:
Investors: Linda Häkkilä, Head of Investor Relations, tel. +358 400 719 669
Media: Päivi Allenius, VP – Communications and Brand, tel. +358 40 753 7374
Media desk, tel. +358 40 351 9840, e-mail media@outokumpu.com
*) MWh per ton of stainless steel. Energy savings calculated by average electricity use of 20,000 kilowatt hours by a family of four living in a detached, electrically heated house.
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SOURCE Outokumpu Oyj