Alfa Laval will move to “Circle Green” stainless steel for its purchases from Outokumpu for its main production units in Europe. This shift is significant, as Alfa Laval's heat exchangers can contain up to 80 percent stainless steel.

Outokumpu supplies “Circle Green” in “Supra” and “Core” stainless steel grades for Alfa Laval to produce heat exchangers. Alfa Laval’s heat exchangers are used in the energy transition towards a more sustainable energy supply, including energy efficiency, waste heat recovery, and heat pumps. Alfa Laval produces these heat exchangers currently in large quantities with the potential for future growth. With Outokumpu Circle Green, these enablers of the green transition can be manufactured with an even lower carbon footprint.

The “Circle Green” product line with up to 93% lower carbon footprint than the industry average* is the first commercial towards-zero stainless steel in the market. It was created to accelerate the green transition and extremely advanced circular economy. To achieve such a low level of emissions, Outokumpu uses 100 percent low-carbon electricity, low-carbon raw materials, such as recycled steel, and reinvented production processes.

“Circle Green is our spearhead climate solution, and we are extremely pleased that our long-time customer Alfa Laval is now switching its Outokumpu stainless steel orders in the main classic grades to Circle Green. Alfa Laval and Outokumpu share the same ambition to drive green transition by helping our customers to lower their carbon footprint through reducing the emissions in the entire supply chain. This cooperation is great example of how the green solutions like renewable energy call for low-carbon stainless steel,” says Thomas Anstots, President, business line Advanced Materials at Outokumpu. “If all the stainless steel in the world was produced with the same methods used for our Circle Green production, it would reduce global carbon emissions from the entire stainless steel value chain by 364 million tons per year.”

The “Circle Green” grades delivered to Alfa Laval include “Circle Green Supra 316/4401”, “Circle Green Core 304/4301” and “Circle Green Supra 316L/4404”. “Circle Green” will be delivered from Outokumpu mills in Dillenburg, Germany, and Tornio, Finland.

www.outokumpu.com

*) For the Circle Green classic grades: global average CO2 emissions (2023) are 7 kilos of CO2e per kg of stainless steel (Outokumpu’s calculation based on data provided by CRU and worldstainless), and Outokumpu Circle Green CO2 emissions are down to 0.5 kilos of CO2e per kg of stainless steel.

About Alfa Laval

Alfa Laval is a world leader in heat transfer, centrifugal separation and fluid handling, and is active in the areas of Energy, Marine, and Food & Water, offering its expertise, products, and service to a wide range of industries in some 100 countries. The company is committed to optimizing processes, creating responsible growth, and driving progress to support customers in achieving their business goals and sustainability targets. Together, we are pioneering positive impact. Alfa Laval has 20,300 employees. Annual sales in 2022 were SEK 52.1 billion (approx. EUR 4.9 billion). The company is listed on Nasdaq Stockholm.

About Outokumpu

Outokumpu is the global leader in stainless steel. The foundation of our business is our ability to tailor stainless steel into any form and for almost any purpose. Stainless steel is sustainable, durable and designed to last forever. Our customers use it to create civilization’s basic structures and its most famous landmarks as well as products for households and various industries.

Outokumpu employs approximately 8,500 professionals in close to 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki.

For more information:

Investors: Linda Häkkilä, Head of Investor Relations, tel. +358 400 719 669

Media: Päivi Allenius, VP – Communications & Brand, tel. +358 40 753 7374 or Outokumpu media desk, +358 40 351 9840

Outokumpu Oyj

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