As part of the implementation of the national project “Ecology”, NLMK Group, the Ministry of Natural Resources and Environment of the Russian Federation, the Federal Service for Supervision of Natural Resources and the Administration of the Lipetsk Region signed a quadripartite Agreement on cooperation in the field of environmental development. The agreement was signed by NLMK Group President Grigory Fedorishin, Head of Rosprirodnadzor Svetlana Radionova, Deputy Minister of Natural Resources and Environment Denis Khramov, Acting Head of the Lipetsk Region Administration Igor Artamonov.
The signing took place at the site of the 17th International Metallurgical Summit, which is held under the auspices of the Russian Steel Association. This year, for the first time since 2003, the summit was held not in Moscow, but in one of the regions where ferrous metallurgy companies are present - in Lipetsk, at the main production site of the NLMK Group.
The agreement provides for the joint efforts of the parties for the most effective solution issues of environmental well-being.
“The joint work of business and the state to achieve the goals in the field of ecology, set by the country's leadership, is not just declared. This work is being successfully carried out. The signed agreement will actually give a start to the implementation of the federal project "Clean Air". This is the first example of a public-private partnership in Russia to improve the quality of the environment by reducing emissions, ”commented Svetlana Radionova, head of the Federal Service for Supervision of Natural Resources.
The agreement provides for the implementation of NLMK Group complex of modernization and new construction projects and includes targets to reduce both gross emissions into the atmosphere and emissions of specific substances monitored by Rosprirodnadzor. The total investment in such projects will exceed 110 billion rubles by 2023, of which about 20 billion rubles will be allocated directly to environmental equipment.
“When implementing NLMK modernization projects, the principle of achieving the level of the best available technologies is used (BAT). BAT is the most efficient equipment and technical solutions that allow minimizing the impact on the environment. Since 2000, NLMK Group has invested over $ 1 billion in environmental projects. As a result, with a 60% increase in steel production, total emissions decreased by 23%, and the Russian BAT level was reached. The goal for the next five years is to achieve the level of the EU BAT ", - commented Grigory Fedorishin, President of NLMK Group.
Information about NLMK Group
The Group NLMK is a vertically integrated metallurgical company, the largest in Russia and one of the most efficient steel producers 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 assets are located in Russia, Europe and the United States. The company's steel production capacity exceeds 17 million tons per year. NLMK demonstrates high cost competitiveness among global manufacturers, and the company's profitability is one of the highest in the industry. The company's revenue for 2018 was $ 12 billion, EBITDA was $ 3.6 billion. The Net Debt /EBITDA ratio was 0.25x. The company has investment grade credit ratings from S&P, Moody's, Fitch and RAEX (Expert RA).
NLMK's common shares, which free-float is 16%, 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.
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