14:41, 21 December 2021

Metinvest Signs Decarbonisation MOU with Danieli

Metinvest, a Metal-Expo regular exhibitor, the international vertically integrated group of steel and mining companies, and Danieli, a leading plant builder for the metals industry, a Metal-Expo regular exhibitor, have signed a memorandum of understanding (MOU) for the development and implementation of technologies for green and low-carbon steel production. The parties will explore opportunities for implementing new technologies to reduce the carbon footprint of Metinvest’s facilities in Ukraine and the European Union.

Initially, these technologies will cover the rolling segment of steelmaking to reduce CO2 emissions, exploit CO2 usage, and optimise energy consumption.

The collaboration will explore the possibilities of financing research and development projects through the Horizon Europe funding mechanism, as well as decarbonisation projects within the framework of the European Union Innovation Fund and sourced from the Emissions Trading System (ETS).

According to Danieli, the MOU is an important step for Metinvest in its efforts to explore the application of leading technologies to reduce the negative impact on the environment from steelmaking and accelerates the development of technologies for sustainable green steel plants by Danieli.

 

Yuriy Ryzhenkov, chief executive officer of Metinvest, commented: “Throughout the past decade, Metinvest has worked diligently to reduce its carbon footprint. Consistent with our commitment to sustainability, we are investing time and money to find an actionable pathway to operational decarbonisation."

Ryzhenkov said he was confident that Danieli’s innovative technological solutions will help to advance the company's journey towards becoming a low-emissions steel producer.

Giacomo Mareschi Danieli, chief executive officer of Danieli, said that sustainability was the basis of his company's process layouts and equipment design:

“Danieli research and development continuously strive for new solutions for quality products to be produced using less resources in terms of energy and delivering higher product yield. The results also ensure production efficiency and flexibility, and extended safety. All this leads to lower OpEx, lower emissions and promptness in answering market requests, allowing customers to be a step ahead."

New on the topic

How service steel centers support the development of russian industry

In recent years, the Russian metal processing market has shown steady growth, largely driven by the need for technological sovereignty, active import substitution, and the adoption of modern manufacturing t...

04 July, 14:59

Severstal’s Grani and Grani Pro sheet pile solutions receive international recognition

The Grani and Grani Pro sheet pile solutions developed by Severstal have received an award at the international competition Green Eurasia. The award ceremony took place on June 26 in M...

03 July, 13:38

China Increases Steel Exports to Russia

Amid weak domestic demand, China is ramping up its steel exports — including to Russia. In the first five months of the year, exports of iron, steel, and related products to Russia grew by approximately 16% in value terms, compared to an increas...

26 June, 14:09

Polymet on its participation in one of the key events of the foundry industry

Polymet once again took an active part in the Litmash'2025 exhibition, presenting its developments and products in the field of auxiliary materials for the foundry industry. The company proud...

24 June, 14:22
Subscription to newsletter