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SMS group and Metinvest sign MOU to face decarbonisation challenge together

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Author: Lucas Möllers

SMS group and Metinvest sign MOU to face decarbonisation challenge together
SMS group will support Metinvest regarding efficiency and environmental performances (Source: Metinvest)

With a shared ambition to reduce carbon emissions from iron and steelmaking, Metinvest and SMS group have formed a partnership. The international vertically integrated group of steel and mining companies (“Metinvest” or “the Group”), and SMS group’s subsidiary, Paul Wurth, have signed a Memorandum of Understanding (MOU) to work together to meet this challenge head-on.

SMS group is the world leader in iron and steelmaking technologies. It will support Metinvest in improving its operational efficiency and environmental performance. MOU also sets out an agenda for discussions about future areas of cooperation with the greatest potential.

The partnership’s aim is to reduce greenhouse gas emissions

The Memorandum is also expected to provide the parties with the opportunity to develop and test new technologies. So their aim is to enhance both iron and steelmaking, as well as downstream processes. Furthermore any concrete projects that emerge from these early discussions will be subject to further cooperation agreements and contracts.

Yuriy Ryzhenkov, Chief Executive Officer of Metinvest: ‟Metinvest is following the way to the decarbonised metals and mining industry of the future. In working together with SMS group we will be able to better consider the available technical solutions that will improve steelmaking processes. Our particular focus will be on solutions that reduce greenhouse gas emissions. We are convinced we will be able to find a common basis for action. As an industry, we have to find solutions on the timescale the world requires”.

The partners will take a wholistic approach of technological solutions

Georges Rassel, Chief Executive Officer of SMS group Europe: ‟We will examine a whole range of technological solutions together. These will include the application of innovative Paul Wurth technologies for sustainable ironmaking, such as Direct Reduced Ironmaking with our partner MIDREX, ‘blue’ blast furnace with reduced  emissions, the use of hydrogen, electrification, digitalisation, industrial gas recovery (including carbon capture, usage and storage), and energy efficiency and recovery”.

The MOU was signed by Yuriy Ryzhenkov, Chief Executive Officer of Metinvest, and Georges Rassel, Chief Executive Officer Europe. Also Marina Keller, Director of Sales, Region Eastern Europe, has signed on behalf of SMS group.

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heat-processing.com, Inhaber: Vulkan-Verlag GmbH (Firmensitz: Deutschland), würde gerne mit externen Diensten personenbezogene Daten verarbeiten. Dies ist für die Nutzung der Website nicht notwendig, ermöglicht aber eine noch engere Interaktion mit Ihnen. Falls gewünscht, treffen Sie bitte eine Auswahl: