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Decarbonisation: Metinvest and Primetals sign Memorandum of Understanding

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Author: Editorial Office

Decarbonisation: Metinvest and Primetals sign Memorandum of Understanding
Photo: Primetals Technologies

15.07.2021. During the first International Decarbonisation Forum held in Kyiv, Metinvest, the international vertically integrated group of steel and mining companies (hereunder “Metinvest” or “the Group”), has signed a memorandum of understanding (MoU) with Primetals Technologies, an international pioneer in the fields of engineering, plant building and lifecycle services for the metals industry.

Implementation of joint sustainability projects

By signing the memorandum, the parties expressed their intentions and mutual expectations about streamlining their interaction regarding the implementation of joint sustainability projects in the sector. These include joint R&D initiatives under the Horizon Europe and Research Fund for Coal and Steel funding umbrella related to climate and environmental challenges in the steel industry. The cooperation will include working on existing technological solutions that can be implemented jointly at Metinvest’s production facilities, as well as prospective technologies and solutions that may be deployed across the metals and mining supply chain to accelerate Metinvest’s decarbonisation journey. Areas of mutual interest include energy efficiency, innovative DRI-based steelmaking, carbon capture and utilisation and metallurgical gas utilisation.


Yuriy Ryzhenkov, CEO of Metinvest: “As Metinvest continues looking for opportunities and ways to become carbon neutral in the future, we believe that joining efforts with such an experienced technological leader as Primetals will support the intermediate decarbonisation goal and significantly contribute to achieving climate-neutrality with net-zero greenhouse gas emissions. This is the goal of the European Green Deal and in line with the commitment of both the EU and Ukraine to the global climate action under the Paris Agreement.”


Norbert Petermaier, Executive Vice President Sales and member of the executive Management Team of Primetals: “Having been a long-term technology partner of Metinvest since its foundation, we are proud to join forces and accompany Metinvest on its journey to achieving its decarbonisation goals. Over decades of customer-oriented innovation, Primetals has pioneered groundbreaking technologies, and we are convinced that such a partnership will help to shape the future of metals production.”


(Source: Primetals Technologies)