NLMK embarks on design and site preparation for new waste energy recovery power plant
NLMK Lipetsk, NLMK Group’s flagship production site, has embarked on the development of project documentation and site preparation for the construction of a new recovery power plant running on by-product gases from steelmaking operations.
The power plant will have a capacity of 300 MW. NLMK Group plans to invest 35 billion roubles into the project.
The project will enable a reduction in greenhouse gas emissions (CO2) by 650,000 tonnes per year. The construction of a new recovery power plant running on by-product gases from steelmaking operations is in line with industry BAT’s and advances the objective of Russia’s national Clean Air initiative as part of The Environment project.
About energy generation from secondary energy resources
Approximately 50% of all energy consumed at NLMK is generated using secondary resources. Blast furnace gas and coke gas, by-products of blast furnace and coke oven battery operations, are used as fuel.
In 2019, NLMK Lipetsk energy self-sufficiency was around 64%. Following the launch of the new recovery power plant this indicator will increase to 95%.
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 the most competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In 12M 2018, the Company generated $12 billion in revenue and $3.6 billion in EBITDA. Net debt/EBITDA stood at 0.25х. The Company has investment grade credit ratings from S&P, Moody’s, Fitch and 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"). The share capital of the Company is divided into 5,993,227,240 shares with a par value of RUB1.
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