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Metinvest and Danieli to develop technologies for decarbonization of steel production
KYIV. Oct 28 (Interfax-Ukraine) – Metinvest, the largest Ukrainian mining and metallurgical holding, and Danieli, the world’s leading manufacturer of equipment for metallurgy, have signed a memorandum of understanding on the development and implementation of technologies for the production of "green" and low-carbon steel.
"The parties will explore opportunities for implementing new technologies to reduce the carbon footprint of Metinvest’s facilities in Ukraine and the EU. Initially, these technologies will cover the rolling segment of steelmaking to reduce CO2 emissions, exploit CO2 usage, and optimize energy consumption," Metinvest said on its website.
"The collaboration will explore the possibilities of financing R&D projects through the Horizon Europe funding mechanism, as well as decarbonization projects within the framework of the European Union Innovation Fund and sourced from the Emissions Trading System (ETS)," the report says.
"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 decarbonization. I am confident that Danieli’s innovative technological solutions in this area will help to advance our journey towards becoming a low-emissions steel producer," Yuriy Ryzhenkov, the Chief Executive Officer of Metinvest, said.
"Sustainability is at the basis of Danieli 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. We target to effectively support Metinvest with Green Metal technologies, allowing sustainable production throughout its entire production cycle," Giacomo Mareschi Danieli, the Chief Executive Officer of Danieli, said.
