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NLMK Group acted as a strategic partner of the first Russian accelerator of environmental startups

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Sergey Chebotarev, Vice President for Energy and Environment of NLMK Group, took part in the opening of the GreenTech Startup Booster (GTSB), the first Russian platform for startups in the field of ecology. The project was organized by the Skolkovo Foundation with the support of the Ministry of Natural Resources of the Russian Federation and the Ministry of Construction of the Russian Federation. NLMK Group acted as a strategic partner of the accelerator.

GTSB is aimed at finding and implementing innovative solutions in the field of ecology and sustainable development. The project involves companies that have developments in a high stage of readiness for implementation. The projects are aimed at reducing the carbon footprint and greenhouse gas emissions, increasing the efficiency of water and air treatment plants, waste disposal, etc.

GTSB will help to unite the efforts of businesses, research centers and developers to promote new "green" technologies in the industry, as well as reduce the time for the implementation of promising ideas.

The accelerator is designed for 500 technology startups, 30 best participants will get to the final. The finalists will be offered further development of pilot projects at the sites of industrial partners, including the NLMK Group.

A number of innovative projects in the field of ecology are already being implemented at the NLMK Group sites, which allow to improve monitoring of environmental parameters and reduce environmental impact production. Participation in the Skolkovo project will allow the company to significantly expand the pool of such projects and find new effective environmental solutions for urgent tasks of air and water protection, processing of by-products and decarbonization.

Information about NLMK Group

NLMK Group is a vertically integrated metallurgical company, the largest in Russia and one of the most efficient producers of steel products in the world.

NLMK Group's metal products are used in various industries, from construction and mechanical engineering to power equipment and offshore wind turbines.

NLMK's production assets are located in Russia, Europe and the United States. The company's steel production capacity exceeds 17 million tonnes per year.

NLMK demonstrates high cost competitiveness among global manufacturers, the company's profitability is one of the highest in the industry. The company's revenue in 2019 was $ 10.6 billion, EBITDA was $ 2.6 billion. The Net Debt /EBITDA ratio was 0.7x. The company has investment grade credit ratings from S&P, Moody's, Fitch and RAEX (Expert RA).

NLMK's common shares, which have a free-float of 18.6%, are traded on the Moscow Stock Exchange (ticker “NLMK”), global depository shares - on the London Stock Exchange (ticker “NLMK: LI”). The share capital of the Company is divided into 5,993,227,240 ordinary shares with a par value of 1 Russian ruble. More information about NLMK's share capital can be found here.

For more information about NLMK Group, visit the website.

You can download photos and corporate videos of NLMK Group from the media bank at the link.

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