The owner of the largest known chromite reserves in the European Union is Outokumpu. The company continues to be a leader in sustainability and was the first ferrochrome manufacturer in the industry to publish an Environmental Product Declaration (EPD) for its ferrochrome production. An EPD is a standardized process for providing data on a product's environmental impact. Outokumpu's ferrochrome has a significantly lower carbon footprint than the industry average. The EPD for ferrochrome will further support Outokumpu's commitment to helping its customers reduce their climate emissions.
“The Environmental Product Declaration serves as valuable evidence of Outokumpu Ferrochrome's low carbon footprint and increases transparency about the environmental impact. As the EPD has been verified by a third party and is based on a comprehensive life cycle assessment study, it is considered unique in the market. It also helps our customers to create their own declarations,” explains Martti Sassi, President of Outokumpu's Ferrochrome Business Area.
“Particularly due to the upcoming EU Carbon Limit Adjustment Mechanism (CBAM), which will enter its transition phase in October 2023, global demand for low carbon footprint materials – such as ferrochrome – is expected to increase significantly. With this development, the EPD for Outokumpu ferrochrome will certainly prove to be a great benefit for our customers as well,” says Sassi.
Outokumpu has unique access to an essential raw material for the production of stainless steel through its own chrome mine. Own ferrochrome production makes Outokumpu self-sufficient in the most important raw material for stainless steel. The Ferrochrome Division operates the chrome mine in Kemi and the ferrochrome smelters in Tornio, Finland.