The memorandum notes that the parties are interested in identifying potential technologies, conducting research and introducing decarbonization technologies at MMK. This will increase economic performance and improve the environmental situation due to the absence or reduction of carbon-dioxide emissions.

Danieli will introduce decarbonization technologies to MMK

Within the framework of this cooperation agreement, the parties intend to assess the technical and commercial feasibility of introducing Danieli decarbonization technologies. These aim for blast furnace and steelmaking processing at MMK’s Magnitogorsk production site in the Chelyabinsk region, Russia. The result of these joint efforts within the framework of the memorandum should be a list of projects and initiatives on decarbonization. Thus an implementation at Magnitogorsk Iron and Steel Works will be possible.

Commenting on the Signed Agreement, Pavel Shilyaev, said: “Our company fully supports the global efforts to prevent climate change and implements modern practices to reduce greenhouse gas emissions. This line of business is a key principle of MMK’s sustainable development. The agreement with Danieli will help us fight climate change more effectively and will reduce the man-made impact on the environment.”

According to Mareschi, Danieli will reduce the carbon footprint

Giacomo Mareschi, in turn, added that Danieli is ready to provide specific technologies to effectively reduce the carbon footprint, claiming: “I am confident that after testing new Danieli developments at MMK’s production facilities, we will be able to assess the technical and economic feasibility of their implementation, as a result of which we will identify those projects that will increase economic efficiency and environmental safety.”