Metalloinvest CEO Shares Plans to Decarbonise Steel Production
Green SteelMetalloinvest

Metalloinvest CEO Shares Plans to Decarbonise Steel Production

Leading global iron ore and HBI producer and supplier and one of the regional producers of high-quality steel Russian Metalloinvest CEO Mr Nazim Efendiev

Leading global iron ore and HBI producer and supplier and one of the regional producers of high-quality steel Russian Metalloinvest CEO Mr Nazim Efendiev participated in discussions on the decarbonisation of the industry and presented the Company's strategy for achieving carbon neutrality at the INNOPROM International Industrial Trade Fair held in Ekaterinburg. He told “As part of its climate strategy, the Company aims to reduce its own direct emissions (Scope 1) and indirect energy emissions (Scope 2) by 6% by 2025 compared to 2019, by 77% by 2035 and by 100% by 2050.”

Currently, Metalloinvest is a leading producer of direct-reduced and hot-briquetted iron (DRI/HBI), the use of which reduces direct greenhouse gas emissions in steelmaking by 60% compared to the traditional blast furnace-converter process.

He said “The Company had very early on made a stake on direct reduction of iron, which is now becoming a leading green trend in metallurgy. Metalloinvest continues to develop these technologies and is considering the reconstruction of Ural Steel, the Company's only facility where sinter plants and coke production are present. A direct reduction module may be built there in the future.”

He added “The next step towards decarbonisation is the introduction of hydrogen into production processes. Together with leading Russian and international companies, Metalloinvest is assessing potential technologies to produce pure hydrogen and use it to substitute natural gas consumption. The Company currently already has the capacity to use up to 30% hydrogen as a reducing gas in its existing metallisation plants. The new Mikhailovsky HBI plant, created by USM Group and Metalloinvest, which will be launched in 2024, is being designed with the prospect of a full transition to the use of hydrogen.”

Mr Efendiev said "We are making consistent steps to introduce hydrogen technology. We have recently signed a memorandum with Rusatom Overseas and Air Liquide, the world's leading producer of industrial gases, to evaluate the possibilities of low-carbon hydrogen production. We are looking for partnership options, discussing hydrogen production technologies, renewable sources of energy and CO2 capture with different market players. I am confident we will find an economically viable model.”

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