NLMK and ROSATOM initiate collaboration in hydrogen production
NLMK Group, a global steel company, and Rusatom Overseas (part of ROSATOM State Corporation) have signed a cooperation agreement in the field of hydrogen production and the development of technologies for CO2 capture and utilization.
The agreement sets out joint R&D efforts in hydrogen production technologies (such as water electrolysis, steam methane reforming with CO2 capture, methane pyrolysis) and piloting hydrogen production projects. As part of the collaboration, the parties also plan to assess the technical and commercial aspects of producing climate-neutral hydrogen.
Sergey Chebotarev, NLMK Group Vice President for Energy and the Environment, said:
Evgeny Pakermanov, President of Rusatom Overseas, said:
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 cash cost among global manufacturers and one of the highest profitability levels in the industry. The Company has investment grade credit ratings from S&P, Moody’s, Fitch, and 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.
For more details on NLMK Group, please visit our website.
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