Synopsis: Primetals Technologies has joined forces with the Ukrainian government to support the recovery of the steel industry in Ukraine through green production solutions. This collaboration focuses on achieving a green value chain, from agglomeration to ironmaking, steelmaking, and the supply of raw materials, including hydrogen. The initiative aims to revitalize Ukraine's steel sector, offering low-emission steel to global supply chains.Article:In the summer of 2023, the Ukrainian government and Primetals Technologies took a significant step towards reviving the Ukrainian steel industry. The Ukraine Recovery Conference, held in London, provided the backdrop for this partnership, inaugurated by the Prime Minister of the United Kingdom, Rishi Sunak, and the President of Ukraine, Volodymyr Zelenskyy, who addressed the gathering remotely.The focus of this collaboration is to support the green recovery of the metals industry in Ukraine, with a strong emphasis on creating low-emission steel production. Even before the conflict, plans were in motion to upgrade the Ukrainian steel sector, positioning it to supply European and global markets with environmentally sustainable feedstock and steel products.Primetals Technologies will kickstart this journey by contributing to a feasibility study, expected to conclude in 2024. Dr. Alexander Fleischanderl, Head of Green Steel and Senior Vice President at Primetals Technologies, expressed the company's commitment, saying, "The steel plants in Ukraine have long played an important role on a European and a global level, and the iron and steel sector is central to Ukraine's economy. With the projected investments targeting the entire value chain, Ukraine is poised to become a global hub for green ironmaking and steelmaking."The iron and steel sector has held a pivotal role in Ukraine, contributing approximately ten percent of the country's GDP in 2021. It was also the leading industry in terms of tax-related contributions and provided employment to around 600,000 individuals. To establish a green iron and steel value chain in Ukraine, an estimated investment of $20-40 billion will be required. These investments will encompass iron ore beneficiation, pellet production, clean power generation, hydrogen manufacturing, green ironmaking, steelmaking facilities, and the necessary infrastructure.Conclusion:The collaboration between Primetals Technologies and the Ukrainian government marks a crucial step towards the recovery of Ukraine's steel industry with a green touch. By focusing on a sustainable, low-emission steel value chain, this partnership aims to not only revitalize the steel sector but also position Ukraine as a global hub for green ironmaking and steelmaking. With substantial investments and feasibility studies on the horizon, the future of Ukraine's steel industry looks promising and environmentally responsible.
Synopsis: Primetals Technologies has joined forces with the Ukrainian government to support the recovery of the steel industry in Ukraine through green production solutions. This collaboration focuses on achieving a green value chain, from agglomeration to ironmaking, steelmaking, and the supply of raw materials, including hydrogen. The initiative aims to revitalize Ukraine's steel sector, offering low-emission steel to global supply chains.Article:In the summer of 2023, the Ukrainian government and Primetals Technologies took a significant step towards reviving the Ukrainian steel industry. The Ukraine Recovery Conference, held in London, provided the backdrop for this partnership, inaugurated by the Prime Minister of the United Kingdom, Rishi Sunak, and the President of Ukraine, Volodymyr Zelenskyy, who addressed the gathering remotely.The focus of this collaboration is to support the green recovery of the metals industry in Ukraine, with a strong emphasis on creating low-emission steel production. Even before the conflict, plans were in motion to upgrade the Ukrainian steel sector, positioning it to supply European and global markets with environmentally sustainable feedstock and steel products.Primetals Technologies will kickstart this journey by contributing to a feasibility study, expected to conclude in 2024. Dr. Alexander Fleischanderl, Head of Green Steel and Senior Vice President at Primetals Technologies, expressed the company's commitment, saying, "The steel plants in Ukraine have long played an important role on a European and a global level, and the iron and steel sector is central to Ukraine's economy. With the projected investments targeting the entire value chain, Ukraine is poised to become a global hub for green ironmaking and steelmaking."The iron and steel sector has held a pivotal role in Ukraine, contributing approximately ten percent of the country's GDP in 2021. It was also the leading industry in terms of tax-related contributions and provided employment to around 600,000 individuals. To establish a green iron and steel value chain in Ukraine, an estimated investment of $20-40 billion will be required. These investments will encompass iron ore beneficiation, pellet production, clean power generation, hydrogen manufacturing, green ironmaking, steelmaking facilities, and the necessary infrastructure.Conclusion:The collaboration between Primetals Technologies and the Ukrainian government marks a crucial step towards the recovery of Ukraine's steel industry with a green touch. By focusing on a sustainable, low-emission steel value chain, this partnership aims to not only revitalize the steel sector but also position Ukraine as a global hub for green ironmaking and steelmaking. With substantial investments and feasibility studies on the horizon, the future of Ukraine's steel industry looks promising and environmentally responsible.
