Magnitogorsk Iron & Steel Works (MMK), one of Russia’s largest steelmakers, has also entered into decarbonization projects and reported significant progress. Environmental protection is slowly taking shape in the hearts of mining and steel companies. In this note, we will refer to the fast market report of the company’s actions. Stay tuned to Artan Press.
*** Russia’s entry into the field of environmental protection technologies
Magnitogorsk Iron & Steel Works (MMK), one of the largest steel producers in Russia, is set to work with an SMS equipment manufacturer to study, develop and implement carbon offset technologies to reduce steelmaker carbon dioxide emissions. The two companies have signed a memorandum of understanding, but MMK did not provide any further details about the deal. Environmental protection has grown significantly in recent months.
*** Prospects for reducing carbon emissions at MMK
According to Fast Market, the project is currently under development. Maybe this path should not be taken too seriously. MMK plans to reduce its CO2 emissions to 1.8 tons per tonne of steel by 2025. This is a decrease of 17.43% compared to 2020, when emissions were 2.18 tonnes of CO2 per tonne of steel. “According to the company’s report on the LinkedIn page, however, in specific projects, studies have focused on technologies for direct iron reduction and highly efficient hydrogen production. Environmental protection will be the main focus of the steel activities of leading companies Was.
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