Metinvest & Primetals Sign MoU for Decarbonization of Steel
Ukranian steel maker Metinvest and Primetals Technologies signed a memorandum of understanding, during the first International Decarbonisation Forum held in Kyiv, for plant building and lifecycle services for the metals industry. The parties expressed their intentions and mutual expectations about streamlining their interaction regarding the implementation of joint sustainability projects in the sector. These include joint R&D initiatives under the Horizon Europe and Research Fund for Coal and Steel funding umbrella related to climate and environmental challenges in the steel industry. The cooperation will include working on existing technological solutions that can be implemented jointly at Metinvest’s production facilities, as well as prospective technologies and solutions that may be deployed across the metals and mining supply chain to accelerate Metinvest’s decarbonisation journey. Areas of mutual interest include energy efficiency, innovative DRI-based steelmaking, carbon capture and utilization and metallurgical gas utilization.
Metinvest CEO Mr Yuriy Ryzhenkov “As Metinvest continues looking for opportunities and ways to become carbon neutral in the future, we believe that joining efforts with such an experienced technological leader as Primetals Technologies will support the intermediate decarbonization goal and significantly contribute to achieving climate-neutrality with net-zero greenhouse gas emissions. This is the goal of the European Green Deal and in line with the commitment of both the EU and Ukraine to the global climate action under the Paris Agreement.”