NLMK Group and Lipetsk Region sign memorandum to build new waste energy recovery power plant
NLMK’s carbon oxide (CO) emissions set to reduce by 3,000 tonnes per year, GHG (СО2) emissions set to reduce by 650,000 tonnes per year
NLMK Group, a global steel company, and the Administration of the Lipetsk Region have signed a memorandum of intent to build a new recovery power plant at NLMK Lipetsk, running on by-product gases from hot-end operations. The project will enable a reduction in carbon oxide (CO) emissions by 3,000 tonnes per year and a decrease in greenhouse gas emissions (CO2) by 650,000 tonnes per year.
The power plant will have a capacity of 300 MW. By-product gases generated during hot metal and steel smelting will be used as fuel for heat and electricity generation.
NLMK Group’s investment in the project will total RUB 35 bn, while the Lipetsk Region Administration will provide tax relief for project property.
Grigory Fedorishin, NLMK Group President and CEO, and Igor Artamonov, Acting Head of the Lipetsk Region Administration, signed the memorandum.
Grigory Fedorishin, NLMK Group President and CEO, said:
“The memorandum is a testament to NLMK Group’s long-term commitment to developing production while improving its environmental performance through the introduction of the best available technologies. The new power plant will increase NLMK’s self-sufficiency in energy from 60% to 95%, while reducing its environmental footprint. By-product gases from steelmaking operations will be used to generate heat and electricity, a unique solution for the Russian steel industry.”
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