Novolipetsk Metallurgical Combine has put into commercial operation a complex for the capture and processing of chemical products of the coke-chemical production. The project will increase the production of raw materials for the chemical industry and agriculture and halve the workshop's emissions into the atmosphere.
The launch of the complex was attended by the Minister of Industry and Trade of the Russian Federation Denis Manturov and the acting head of the Lipetsk region administration Igor Artamonov .
The new complex was built using the best available technologies. It captures the entire volume of gas that is formed during heating of coal in a coke oven battery, purifies it, and processes the chemicals released during cleaning into products for external consumers: benzene, ammonium sulfate, etc. Purified coke oven gas is used as fuel in the coke ovens themselves and at the power plants of the plant.
Investments in the project were implemented at the expense of the company and amount to 4.6 billion rubles.
“A complex for the capture of chemical products, which combined the flows of coke oven gas from all batteries of coke-chemical production - practically waste-free production. It is designed on the basis of modern technologies and guarantees effective gas treatment, safety and high environmental friendliness of the technological process, "commented Konstantin Lagutin, Vice President for Investment Projects of NLMK Group.
Information about the Group NLMK
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, and the company's profitability is one of the highest in the industry. The company's revenue in 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 19%, 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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