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- NLMK Group to continue collaboration with participants of Russia’s first environmental startup accelerator
NLMK Group to continue collaboration with participants of Russia’s first environmental startup accelerator
NLMK Group, a global steel company, has selected companies for potential cooperation among the finalists of GreenTech Startup Booster (GTSB), accelerator for technological startups in the field of ecology. More than 150 companies participated in the project, organized by the Skolkovo Foundation, with the support of the Russian Ministry of Natural Resources and the Environment, Ministry of Construction, Ministry of Energy, and industrial partners. Experts from NLMK, the official industrial partner of the programme, evaluated their projects.
NLMK experts were primarily interested in solutions to respond to the current environmental and climate protection challenges of the company. These include efficient dust suppression systems, emission control systems, air and water monitoring systems, resource conservation and waste recycling projects. Among the finalists of the accelerator, NLMK singled out a technology for producing marketable products from liquid metal slags for the construction of roads and housing, production of compact gas treatment plants, and digital solutions for optimizing waste management processes. These solutions will be further analyzed and the companies may be offered the opportunity to develop their pilot projects at NLMK Group sites.
Sergey Chebotarev, NLMK Group Vice President, Energy and Environment, said: "We are very pleased to have partnered up with the initiative and are happy with the quantity and the quality of the proposed environmental solutions.”
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 20.7% 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.
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