Luxmet's story
Solutions based on over a decade of research
Luxmet was founded to bring new solutions for the energy efficiency needs of the metals industry. The core of our unique technology platform has its roots in over a decade of research conducted at the University of Oulu. We combine world-class expertise from metallurgic processes and spectroanalysis into our products.
EAF is an energy-intensive process and before Luxmet’s ArcSpec system there hasn’t been a way to control the process reliably in real-time. We saw a huge need for a new solution that could help operators to see what happens in the EAF process and support the decision-making in process control. Better control leads to significantly improved energy efficiency and capacity of the process. These benefits can only be achieved with real-time control of the process that we can – for the first time in the world – provide to our customers.
Next step in EAF development
Every industrial process needs to be developed to reach higher efficiency in energy and material use. However, there haven’t been any notable developments with the EAF process during the last decade. Luxmet’s ArcSpec system, enabled by the rise of industry 4.0, is one of the next big development trends of the EAF process of the 2020s.
We at Luxmet want to help the industry to take a step forward towards a more sustainable way of steelmaking. EAF process is already the most eco-friendly way of producing steel. We are making it even more sustainable by reducing the energy consumption of the process and achieving more production with less raw material.
Making an impact through energy efficiency
EAF is currently noted as the best available technology for producing steel. This means that the amount of steel produced by EAF will grow significantly in the future. Globally, we produce around 1,8 billion tons of steel every year. Energy constitutes a significant portion of the cost of steel products ranging from 20 % to 40 % of total costs. Thus, improvements made in the energy efficiency of the processes have a huge potential to make a global impact on the environment. All savings made in CO2 emissions of steelmaking are savings towards a more sustainable future.
