Director, ecology NLMK Group Nikita Vorobyov took part in the session of the world economic forum "the transformation of the industry: rapid and large-scale development." In online the event, representatives of international companies in the steel, aluminum, chemical and cement industries discussed the possibilities of achieving zero CO2 emissions by 2050.
the share of the participating industries accounted for approximately 16% of total world CO2 emissions. In the absence of new measures, this figure could double by mid-century due to the growth of the world population and high demand of materials for the needs of low-carbon economy. Thus, the industry seeks ways to meet growing demand while reducing direct and indirect CO2 emissions.
Nikita Vorobyov told about the technologies that will potentially enable the company and other steel companies to reduce CO2 emissions. Today, NLMK is studying the technology of capture and utilization of carbon dioxide, the use of hydrogen and biofuels in the production of steel. The company launched a number of pilot projects to test these technologies. To reduce emissions, the Group advocates a concerted effort by the industry and a joint search for technological solutions.
about the company
NLMK Group is a vertically integrated steel company and Russia's largest and one of the world's most efficient producers of steel products.
NLMK's metal Products are used in various industries, from construction and engineering to power-generating equipment and offshore wind turbines.
the Production assets of NLMK are located in Russia, Europe and the USA. The production capacity of steel companies over 17 million tonnes a year.
NLMK has high competitiveness in cost among global manufacturers, the company's profitability is one of the highest in the industry. The company's revenue for 2019 amounted to 10.6 billion dollars, EBITDA – $ 2.6 billion. The ratio of Net Debt/EBITDA amounted to 0.7 H. the Company has a credit rating of investment grade from S&P, Moody's, Fitch and RAEX (Expert RA).
Ordinary shares of JSC "NLMK", free float which is 18.6%, are traded on the Moscow Stock Exchange (Ticker "NLMK"), global Depositary shares on the London stock exchange (Ticker "NLMK:LI"). The share capital of the Company is divided into 5,993,227,240 shares with a par value of 1 Russian ruble. Read more about equity NLMK can be found at the link.
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