Metalloinvest to Achieve Carbon Neutrality by 2050
Russian mining and metallurgy company Metalloinvest has adopted Climate Strategy to achieve carbon neutrality in its territory and maximize the
Russian mining and metallurgy company Metalloinvest has adopted Climate Strategy to achieve carbon neutrality in its territory and maximize the reduction of greenhouse gas emissions from its consumers by 2050. A key aspect of achieving these indicators is the transition from blast-furnace production to metallization processes and the subsequent use of pure carbon-neutral hydrogen in these processes. Significant contributions will be made through improved energy efficiency and the use of renewable and low-carbon energy. The implementation of the Climate Strategy is planned in three stages
2019-2025 - Completion of planned modernization - The quality of manufactured iron ore products will be improved with the creation of a base for reducing emissions in the metallurgical processing. Reduction of direct and indirect energy emissions of greenhouse gases by 1.8%, indirect non-energy emissions by 25% in relation to the level of total emissions in 2019
2026–2036 - The transition to low-carbon production of direct reduced iron will be carried out, the processes of production of coke, sinter and pig iron will be optimized. The introduction of pure blue, yellow and green hydrogen. Reduction of direct greenhouse gas emissions by 15% in relation to the level of total emissions in 2019
2037-2050 - Achieving carbon neutrality by completing the transition to pure hydrogen in the technological process, increasing the energy efficiency of other processes, including using hydrogen in stationary and mobile combustion, as well as acquiring carbon offsets for emissions that cannot be reduced in the main mining and metallurgical production
In 2020, a complete inventory of greenhouse gases was made, including direct emissions from the Company's sources (Scope 1), indirect emissions from the production of energy purchased from third-party organizations (Scope 2), indirect non-energy emissions obtained from the purchase of raw materials and materials, and the sale of products. (Scope 3) as well as the carbon footprint of products. The total volume of greenhouse gas emissions (Scope 1, 2, 3) in 2020 decreased by 2.5 million tons compared to the same data a year earlier and amounted to 69.3 million tons of CO₂-equivalent.
The main processes leading to the formation of greenhouse gas emissions in the Company's activities are the production of pig iron, DRI & HBI and steel products. Thus, the main source of greenhouse gas emissions for Metalloinvest is its metallurgical enterprises - OEMK, Ural Steel and LGOK.