NLMK Group Director of Environmental Affairs Nikita Vorobyev participated in the World Economic Forum session Materials Industry Transition: Building Forward at Speed and Scale. This online event was an opportunity for representatives from international steel, aluminum, chemical, and concrete companies to discuss pathways to achieve zero net greenhouse emissions by 2050.
The participating industry sectors account for approximately 16% of global CO2 emissions. If no new measures are taken, this figure could double by the middle of the century due to population growth and high demand for materials to meet the needs of the low-carbon economy. Industries are therefore seeking ways to satisfy the increasing demand while reducing their direct and indirect CO2 emissions.
Nikita Vorobyev spoke about the technologies that will potentially enable NLMK Group and other steelmakers to cut their CO2 emissions. NLMK is already exploring the technologies of carbon dioxide capture and utilization, as well as the use of hydrogen and biofuel in steel production. The company has launched a number of pilot projects to test these technologies. When it comes to reducing emissions, NLMK Group advocates joint efforts within the industry in a collaborative search for technological 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 0.7õ. 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 on NLMK Group, please visit our website.
For NLMK Group’s photos and corporate videos, please visit our media library.