Italians will help Ukraine decarbonize steel production
The international vertically integrated mining and metallurgical group of companies Metinvest and the world's leading manufacturer of equipment for metallurgy, the Italian company Danieli, signed a Memorandum of Understanding for the development and implementation of technologies for the production of green and low-carbon steel. This is stated in the message of the press service of Metinvest on Thursday.
"The parties will explore the possibilities of introducing new technologies to reduce the carbon footprint of Metinvest Group enterprises in Ukraine and the EU," the message says.
As envisioned by the signatories, decarbonization technologies will be applied in the rolling steel segment to reduce CO2 emissions, use CO2 and optimize energy consumption.
“I am confident that Danieli's innovative technological solutions in this area will help accelerate our desire to become a low-emission steel producer,” said Yuri Ryzhenkov, CEO of Metinvest.
As part of the cooperation, the companies will explore the possibilities of financing research projects through the Horizon Europe funding mechanism, as well as decarbonization projects within the framework of the European Union Innovation Fund and through the Emissions Trading System.
“We are dedicated to effectively supporting Metinvest with Green Metal technologies that ensure sustainable production throughout the entire production cycle,” said Danieli CEO Giacomo Marescchi Danieli.
As noted in Metinvest, the signing of the memorandum is an important step for the company in exploring the possibilities of using advanced technologies to reduce the negative impact on the environment from steel production.
For Danieli, the collaboration will accelerate the development of technologies for the company's green, green smelters.
Metinvest is a vertically integrated group of mining and metallurgical companies that manages every link in the supply chain - from the extraction and processing of iron ore and coal to the production and sale of semi-finished products and finished metal products. The structure of the Group includes mining and metallurgical enterprises in Ukraine, the EU, the UK and the USA, as well as a sales network covering all key world markets. Metinvest's strategic goal is to become the leading vertically integrated steel producer in Europe, delivering robust growth and profitability and investment returns above industry standards despite cyclical markets.
Danieli is a leading manufacturer of equipment for the metallurgical industry. The company's portfolio includes equipment for production processes ranging from iron ore recovery to bar and sheet finishing lines. Danieli designs and improves processes to reduce greenhouse gas emissions, improve energy efficiency and reduce environmental impact.