Severstal is planning to upgrade some of its facilities to achieve its goal of cutting carbon emissions by 3pc over the next three years.
To achieve this short-term goal, the company plans to invest in constructing a long-range wire rod mill, implementing an argon purging process in steel casting ladle, increasing the share of sintering ore from its Yakovlevskiy Mine, reconstruction of a solid fuel unit in Sinter #2, and the installation of two top-pressure recovery turbines.
The Russian steelmaker said it invested RUB1.34bn ($18mn) in H1 2020 towards environmental upgrades, up 79pc against RUB750mn in the full 2019 period.
Severstal plans to reduce its total atmospheric emissions by 13pc or 66,500mt in 2025 against a previous target of 7pc. The benchmark has been updated to 2020 and the first stage metric goal of 3pc reduction is set for 2023. The ability to meet the more aggressive target level was facilitated by the decision to fit new gas cleaning equipment at the Chervepovets Steel mill’s sinter plant.
($1=RUB74.18)