Metso receives major order for a ferrochrome plant to FACOR in India
Metso Corporation’s press release on January 2, 2024, at 12:00 noon EET
Metso and Ferro Alloys Corporation Limited (FACOR), part of Vedanta, have agreed on the design and delivery of a ferrochrome plant for FACOR’s expansion project in Bhadrak, Odisha, in India. The contract value of approximately EUR 80 million is booked in the Minerals segment’s fourth-quarter 2023 order intake.
Metso's scope of delivery includes the engineering and supply of key equipment for a 6m wide Outotec® Steel Belt Sintering Plant and two 75 MVA Outotec® Submerged Arc Smelting Furnaces with preheating technology. The new plant will produce 300,000 tonnes of ferrochrome (FeCr) annually, and it is estimated to start operating in 2025.
"With this ambitious investment FACOR aims to become India’s leading ferrochrome producer. We are pleased to be able to support FACOR in implementing their growth strategy with a sustainable ferrochrome process, which is part of our Planet Positive offering," says Jyrki Makkonen, Vice President, Smelting at Metso.
Metso's Outotec® Steel Belt Sintering Plant is renowned for the production of high-quality pellets enabling consistent electric furnace performance with low power consumption and high recovery. Metso’s Outotec® Submerged Arc Furnace (SAF) is an energy-efficient, closed-type solution for ferrochrome and other ferroalloy applications. Its low electrical energy consumption, high metal recovery, and high carbon efficiency lead to low emissions of CO2 and dust. Metso's Outotec® Ferrochrome process is widely used around the world.
Read more about Metso’s Outotec® Steel Belt Sintering Plants and Outotec® SAF Smelting Plants on our website.
Further information:
Lauri Närhi, Sales Director, Smelting, Metso, tel. +358 20 529 2872, email: lauri.narhi(at)metso.com
Helena Marjaranta, Vice President, Communications and Brand, Metso, tel. +358 20 484 3212, email: helena.marjaranta(at)metso.com
Metso is a frontrunner in providing sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. By helping our customers increase their productivity, improve their energy and water efficiency and environmental performance with our process and product expertise, we are the partner for positive change.
Headquartered in Espoo, Finland, Metso employs over 16,000 people in close to 50 countries and sales for 2022 were about EUR 5.3 billion. The company is listed on the Nasdaq Helsinki. metso.com, x.com/metsoofficial