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Metinvest joins Ukraine’s green transition project

Photo: Metinvest

We are talking about the continuation of the Ukrainian industry due to the change in the steel production environment.

company Metinvest will join the government’s platform for the restoration of domestic metallurgy using “green” technologies. The signing of the memorandum of partnership took place at a conference on the restoration of Ukraine held in London, according to the company’s website on Friday, June 23.

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The document is signed by the CEO Metinvest Yuriy Ryzhenkov, First Deputy Prime Minister – Minister of Economy of Ukraine Yulia Sviridenko, representatives of Primetals (Austria), Fortescue – FMG (Australia), Rothschild & Co (France) and potential buyers of products.

Participants estimate the cost of a medium-term green transition strategy to 2035 at around $35 billion. Such investments will ensure the production of up to 15 million tons of “green” steel per year.

“Green” steel is a key element of a long-term strategy Metinvest. This is our “green transit”. We are ready for this transition, we are ready to finance it to a large extent after Ukraine’s victory in the war. We will also be happy to be a partner in this direction,” commented the climb Metinvest on the Yuri Ryzhenkov platform.

As part of the implementation of the green transition strategy Metinvest plans to improve the quality of DR class iron ore products with a gradual increase in production capacity, as well as re-equipment of workshops. Zaporizhstal And Kametstal for a more environmentally friendly way of making electric steel.

remember that Metinvest with partners from Italy will provide steel for the restoration of Ukraine. We are talking about cooperation in the field of transport, energy and social infrastructure.

It has also been reported Metinvest plans to produce carbon-neutral steel in Mariupol. They are already looking for buyers of future products – in Sweden, Austria and Germany.

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Source: korrespondent

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