Metinvest, the international vertically integrated group of steel and mining companies, and Danieli, a leading plant builder for the metals industry, 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.
“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."
Yuriy Ryzhenkov, chief executive officer of Metinvest.
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."