NLMK Group takes part in first EU-Russia Climate Conference
Sergey Chebotarev, NLMK Group Vice President, took part in the EU-Russia Climate Conference organized by the EU Delegation to Russia and the SKOLKOVO Business School. Business representatives, officials and experts from Russia and the EU discussed possible solutions to climate change.
Participating in the "Decarbonization of energy-intensive industries" session, Sergey Chebotarev talked about NLMK Group’s efforts to reduce its carbon footprint. NLMK is boosting its energy efficiency and continuing to cut greenhouse gas emissions: by 2023, the intensity of CO2 emissions at the Group's flagship site in Lipetsk is set to decrease by 3.5% compared to 2019.
Mr. Chebotarev said: “Thanks to the systematic implementation of projects aimed at reducing the consumption of raw materials, fuel and energy resources, NLMK has already achieved a significant reduction in CO2 emissions, and today our company is among the global industry leaders in terms of emissions per tonne of steel. And we won’t stop there: we are currently building a long-term portfolio of projects to further reduce our carbon footprint.”
NLMK follows a diversified approach to the climate agenda, using traditional and innovative tools to cut greenhouse gas emissions. In the coming years, the company plans to launch a new power plant, which will be fueled by recovered steelmaking gases. The project will cut greenhouse gas emissions by 650,000 tonnes annually. NLMK is also implementing a portfolio of research projects that focus on the use of hydrogen in the production process, and CO2 recovery and utilization.
About NLMK Group
NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.
NLMK Group’s steel products are used in various industries, from construction and machine building to the manufacturing of power-generation equipment and offshore wind turbines.
NLMK operates production facilities in Russia, Europe and the United States. The Company’s steel production capacity exceeds 17 million tonnes per year.
NLMK has a highly competitive competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In 12M 2019, the Company generated $10.6 bn in revenue and $2.6 bn in EBITDA. Net debt/EBITDA stood at 0.7х. The Company has investment grade credit ratings from S&P, Moody’s, Fitch, and RAEX (Expert RA).
NLMK’s ordinary shares with a 18.6% free-float are traded on the Moscow Stock Exchange (ticker "NLMK") and its global depositary shares are traded on the London Stock Exchange (ticker "NLMK:LI"). The share capital of the Company is divided into 5,993,227,240 shares with a par value of RUB1. For more details on NLMK shareholder capital, please follow the link.
For more information about NLMK Group, please visit our website.
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