K1-MET to Drive Steel Decarbonisation at Metinvest
Ukrainian steel maker Metinvest has signed a memorandum of understanding with leading Austrian competence centre for the development of advanced metallurgical and environmental processes K1-MET to implement joint projects aimed at addressing climate and environment-related challenges in the steel industry in line with the European Green Deal, presented by the European Commission in December 2019. The memorandum was signed during the International Decarbonisation Forum that took place in Kyiv in Ukraine on 14 July 2021. As part of its long-term vision to develop emissions-free steelmaking, Metinvest is considering ways to decarbonise and increase the sustainability of its production facilities and is interested in gaining experience of leading technologies aimed at reducing environmental footprint. Meanwhile, К1-МЕТ has profound experience and expertise regarding the implementation of research and development projects focusing on energy efficiency, the circular economy, carbon capture, storage and usage, climate-neutral metal production and other related areas in collaboration with leading industrial players, research organisations and institutes.
Metnvest CEO Mr Yuriy Ryzhenkov said “We understand the urgent need to decrease the negative impact that steelmaking has on climate. Metinvest is constantly looking at various technological solutions to reduce its emissions today and in the future. The partnership with K1-MET represents an important part of a comprehensive approach to decarbonising the steel industry in the long run, and we will continue to actively explore this and other areas.”
Located in Austria, K1-MET is one of the leading and internationally renowned metallurgical competence centres for ferrous and nonferrous metallurgy. It cooperates with established national and international partners from the sector to cover issues such as energy efficiency, the circular economy and carbon-neutral metal production. Only through collaborative research in all technical areas can resource efficiency and product quality be increased to ensure that Europe remains competitive in the long term. Cooperation with partners is the foundation for the fruitful development of K1-MET, and has been under way for almost 20 years. K1-MET and its partners are working on process solutions to advance the transformation of the European metallurgical industry.