Kuusakoski invests €25M to Steel Recycling Plant in Finland

Specifications:

Name:

Kuusakoski invests €25M to Steel Recycling Plant in Finland

Location:

Finland

Company:

Kuusakoski Oy

Estimated Cost:

€25M

Source:

kuusakoski.com

Introduction:

These investment will be growing demand for recycling steel and metals

Features:

The new plant will be built in Veitsiluoto, Kemi. The port connection effectively links sea freight to rail and road transport.

“We are seeing the steel industry beginning to move towards carbon free production. Our new plant will bring with it carbon free processing, which will enable our customers to further reduce their climate impact throughout the value chain.”

The new plant will produce significantly higher levels of purity in its recycled raw materials and it will have improved separation capabilities. This is possible because of new technology used in the pre-treatment and analysis of the material. The unique pre-treatment technology, for example, has been developed together with leading experts and there is no similar setup being used anywhere else.

The carbon free steel recycling plant is part of Kuusakoski´s multi-year green investment program. Kuusakoski has set a target of carbon free operations by 2035. The Veitsiluoto recycling plant is just one concrete step on the company’s carbon roadmap. The investment is projected to result in over 150 000 tonnes of avoided CO2 emissions annually throughout the entire supply chain.