PAO Severstal, one of the world's leading vertically integrated steel and mining companies, has updated its medium-term environmental program target, which is expected to be implemented until 2030. This program is aimed at reducing greenhouse gas emissions by 10% per tonne of steel in accordance with the methodology of the World Steel Association (Worldsteel) by December 31, 2030 compared to December 31, 2020.
Severstal is systematically implementing mitigation measures One of the stages of this work was the definition of a medium-term goal to reduce the intensity of CO2 emissions by 10% by 2030 from the level of 2020.
Reduction of greenhouse gas emissions will be achieved, among other things, through the technical re-equipment of production capacities and implementation of the best available technologies at all assets of the company: construction of a boiler house by cattle unit No. 11 and installation of a gas utilization compressorless turbine (GUBT) No. 16 (this will allow the company to increase its own generation of electricity up to 95%), a system for recirculation of sinter gases from sinter machines No. 10-11, replacement coke for hydrocarbon fuel and a number of other measures.
This set of measures to will reduce CO2 emissions from 2.063 tonnes /tonne of steel in 2020 to 1.857 tonnes /tonne of steel in 2030.
Severstal has an ambitious goal of reducing environmental impacts and contributing to global efforts to achieve the goals of the Paris Agreement. A year ago, we became one of the first steel companies in Russia to endorse a public goal of reducing greenhouse gas emissions at the board level. Today we confirm that we are not only fulfilling the already declared obligations, but also undertaking new, more ambitious ones. The updated goals of our environmental program until 2030 are supported by specific measures of the investment program, "said Alexander Shevelev, CEO of Severstal.
Achieving the target level will allow the company to enter the top 15 best steel producers with the lowest greenhouse gas emissions gases in the world. Today, Severstal is in the first quartile and has one of the lowest carbon intensity in the industry according to the World Steel Association.
Severstal's specific greenhouse gas emissions are established in accordance with the methodology of the World Steel Association (Worldsteel) and ISO 14404 standards. The limits of the intensity index calculation include CO2 emissions of the coverage area 1-3. In accordance with Severstal's audit and review policy, the company's greenhouse gas emissions were subject to external audit as of December 31, 2020, the results of which were published in