At the Novolipetsk Metallurgical Plant, the installation of the main technological equipment of a new power plant with a capacity of 300 MW begins. It will increase the share of its own generation in the power consumption balance of the plant from 64% to 95%, as well as reduce emissions of carbon monoxide (CO) by 3 thousand tons per year and greenhouse gases (CO2) - by 650 thousand tons per year.
Associated gases, which are formed during the smelting of iron and steel, will become the fuel for electricity generation. The project is based on advanced solutions for the use of secondary energy resources of metallurgical production. In particular, a system for the collection and utilization of associated gas from steelmaking production, which is unique for the Russian metallurgy, will be built in conjunction with the power plant.
Investment in the project will amount to 36 billion rubles. The start-up of the power plant is scheduled for the end of 2023.
“The technologies used in the construction of the new power plant are among the world's best practices in the field of energy efficiency and environmental impact reduction. The company will continue to implement projects aimed at increasing the share of secondary energy resources, "commented Sergey Chebotarev, Vice President for Energy and Environment of NLMK Group.
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 has investment grade credit ratings from S&P, Moody's, Fitch and Expert RA.
NLMK's common shares, which have a free-float of 20.7%, 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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