Metalloinvest Signs Pact for Production of Low Carbon Hydrogen
Russian manufacturer and supplier of iron ore products, hot briquetted iron & steel Metalloinvest, Russia’s State Atomic Energy Corporation Rosatom’s JSC
Russian manufacturer and supplier of iron ore products, hot briquetted iron & steel Metalloinvest, Russia’s State Atomic Energy Corporation Rosatom’s JSC Rusatom Overseas and leading producer of industrial gases Air Liquide signed a memorandum of understanding to study the possibility of organizing low carbon production of hydrogen in the frame of the XXIV St. Petersburg International Economic Forum. As part of the joint work, the parties plan to evaluate the technical and commercial aspects of a potential project for the production of environmentally friendly hydrogen for Metalloinvest factories located in Belgorod and Kursk regions. Electrolysis of water using low carbon electricity for yellow & green hydrogen and steam reforming of methane in combination with carbon capture technologies for blue hydrogen are considered as possible means for hydrogen production.
Metalloinvest CEO Mr Nazim Efendiev said “The new metallization plant for Mikhailovsky HBI is being designed on the principles of carbon-free metallurgy with the view to completely switch to the use of hydrogen as a reducing agent. As part of the implementation of the Climate Strategy approved this year, we have begun a detailed development of Metalloinvest's Hydrogen Strategy, which foresees the production and introduction of hydrogen into the main production processes in order to achieve carbon neutrality."
In the long term, Metalloinvest plans to completely switch to the use of hydrogen in metallization plants, and by 2025 sets itself the goal of reducing its own CO2-equivalent emissions by 6%. In 15 years, the Company’s emissions can be reduced by 77%.