Metalloinvest, the world's leading manufacturer and supplier of iron ore and hot briquetted iron and one of the regional high-quality steel producers, presented its CO2 reduction priorities at the First French-Russian Forum on Low-Carbon Industrial Development.
“Production of steel in electric arc furnaces from direct reduced iron (DRI) and hot briquetted iron (HBI) gives 1.5 times less carbon dioxide emissions compared to the process of a blast furnace - converter, - said Yury Gavrilov, Director for Strategy, Mergers and Acquisitions of Management Company Metalloinvest in his report. - The existing capacities for the production of DRI at the Oskol plant and HBI at the Lebedinsky GOK provide the lowest CO2 emissions in comparison with Russian full-cycle metallurgical plants and provide competitive advantages for selling products in Europe. Moreover, even today Metalloinvest has the opportunity to modernize equipment to use up to 30% hydrogen as a reducing gas. The complete transition to the use of hydrogen in metallization plants is considered by the Company as a promising goal. "
Yuri Gavrilov also noted that Metalloinvest is currently developing a climate strategy, which will set goals to effectively reduce the carbon footprint of its products.
The event was organized by the Center for Scientific and Technological Cooperation Nauka Innov at the Franco-Russian Chamber of Commerce and Industry (CCI France Russie), together with the Ministry of Economic Development of the Russian Federation, the Trade Representation of the Russian Federation in France and the Russian Partnership for Climate Preservation.
The Forum became a platform for experts and specialists from Metalloinvest, NLMK, EVRAZ, Mechel, Severstal, Rusal, Gazprom, Russian Railways, Air Liquide, banks, financial institutions, business communities, ministries and departments to discuss the development of "green" industry, transforming the economic model for a sustainable low-carbon future, sharing experiences and best solutions in the field of metallurgy, transport and energy.
