Metinvest Group announced plans to invest $2.6 billion in the modernization of its Ukrainian enterprises. The main goal of the investment is the transition to the production of “green” steel, which involves the use of environmentally friendly technologies and the reduction of carbon emissions.
About this told commercial director of the company Dmytro Nikolayenko.
Projects for the production of “green” steel
“Metinvest” plans to implement projects for the modernization of the Northern GZK, including concentrate enrichment and the construction of two coagulation machines for the production of DRI pellets. There is also a project for the construction of three DRI-GBZ factories (environmentally friendly briquettes for direct reduction of iron).
The potential of Ukraine in the production of “green” steel
Dmytro Nikolayenko emphasized that Ukraine has significant potential in the production of “green” steel thanks to the availability of sources of iron ore and the possibility of producing high-quality pellets.
The need for financing and guarantees
The implementation of projects for the production of “green” steel requires significant investment and time. “Metinvest” is ready to implement them, but the biggest problem is obtaining financing and guarantees in the conditions of the war in Ukraine.
Investments of “Metinvest” in modernization and green transformation
“Metinvest” has already invested UAH 23 billion in the modernization of the “Kametstal” and “Zaporizhstal” metallurgical plants, as well as in the green transformation of enterprises during 2022-2023.
