NLMK Group Vice President Sergei Chebotarev took part in the Russian-European Climate Conference organized by the EU Delegation to the Russian Federation and the Skolkovo Business School. Business representatives, officials and experts from Russia and the EU discussed possible solutions to the problem of climate change.
During the session "Decarbonization of energy-intensive industries" Sergey Chebotarev told what NLMK is doing to reduce its carbon footprint. The company improves energy efficiency and continues to reduce greenhouse gas emissions: by 2023, the intensity of CO2 emissions at NLMK's flagship site in Lipetsk is expected to decrease by 3.5% compared to 2019.
“Thanks to the consistent implementation of projects aimed at reducing the consumption of raw materials, fuel and energy resources, NLMK has already achieved a significant reduction in CO2 emissions, and today the company is among the global leaders in the industry in terms of emissions per ton of steel. The company will not stop there: we are currently building a long-term portfolio of projects to further reduce its carbon footprint, ”stressed Sergei Chebotarev.
NLMK is taking a diversified approach to the climate agenda, using traditional and innovative tools to reduce greenhouse gas emissions ... In the coming years, the company plans to launch a new power plant, which will be fueled by associated gases of metallurgical production: the project will reduce greenhouse gas emissions by 650 thousand tons annually. NLMK is also implementing a portfolio of research projects aimed at the use of hydrogen in the production process, extraction and utilization of CO2.
Information about NLMK Group
NLMK Group - vertical is an integrated metallurgical company, the largest in Russia and one of the world's most efficient producers of steel products.
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, and the company's profitability is one of the highest in the industry. The company's revenue for 2019 was $ 10.6 billion, EBITDA - $ 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 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, please visit the website.
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