HALCOR ensures that natural resources needed in its production processes are managed as efficiently as possible. To achieve this, it monitors and manages water and energy consumption levels, and a major part of its raw material requirements are now met by using scrap metals whose life cycle is over.
HALCOR’s Product Life Cycle Assessment
HALCOR strives to minimise the impact its products have on the natural environment across their entire life cycle. Life Cycle Assessment (LCA) is a method that uses a series of exacting processes to quantify resources inflows and outflows in all stages of a product’s
Using scrap metal instead of primary metal, HALCOR combines economic efficiency with environmental protection, having achieved a major reduction in its impact on the natural environment both by reducing the quantity of natural resources mined, and in terms of energy and water consumption and gas emissions.
Copper Products Life Cycle Assessment
Improving the environmental performance of products, while also fostering Sustainable Development throughout the entire supply chain has become a matter of great interest for both consumers and industries over recent years. European Union initiatives such as “sustainable consumption”, also seek to promote the efficient use of resources and to showcase the use of more environmentally-friendly products.
The copper industry has committed itself to reducing the environmental impacts of its activities. In response to requests from end users and regulatory authorities detailed LCAs have been prepared for copper and copper’s intermediate products (sheets, pipes and wires).
The diagrams below show the results of the LCA (Global Warming Potential / GWP) based on official sources.
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The Company's key raw material is copper. One overriding objective for the Company is to use raw and ancillary materials with the maximum degree of efficiency since an increase in efficiency leads, among other things, to a reduction in the waste generated. HALCOR also ensures that it meets a significant part of its copper needs by utilising used metals whose life cycle is over (scrap metal) thereby combining economic efficiency with a reduced environmental footprint in the best possible way.
Copper Recycling: Major environmental and economic benefits
HALCOR promotes the recycling of metals, especially copper, and meets a large part of the copper needs by reusing used metals whose life cycle is completed (scrap metal).
From 2007 to 2014 HALCOR recycled large quantities of metal, making it Greece's largest recycler of copper and its alloys, thereby achieving a significant saving in natural resources and energy and a cost reduction. The use of third party scrap at HALCOR has significantly increased over recent years, from 19% in 2007 to 60% in 2014, resulting in a major drop in the Company’s impact on the natural environment. The savings in energy compared to the amount required for primary production of the same quantity of copper are estimated at 1,975,376 MWh* at least, which equates to the energy consumed each year by a town of 340,000 residents (computed using the EU average).
The Company uses energy (primary thermal energy from natural gas and oil) to cover its operational needs. A key objective for the Company is to reduce energy consumption where that is feasible, and to increasingly make more efficient use of energy.
HALCOR seeks to increase eXcient energy use and has implemented investments and taken measures to achieve this. HALCOR seeks to continue its capital expenditure plan and its programme of changes to achieve greater electricity savings over the years to come.
Water usage is essential in HALCOR’s production processes. However, the Company acknowledges the importance of this natural resource and takes all the appropriate measures to efficiently use it and limit the quantities used to the absolute necessary. At the same time, where feasible it re-uses water and places particular emphasis on minimising wastewater disposal.