- NLMK Lipetsk continues to reduce environmental footprint as part of upgrade programme
NLMK Lipetsk continues to reduce environmental footprint as part of upgrade programme
As part of its blast furnace (BF) and basic oxygen furnace (BOF) upgrade programme, NLMK Lipetsk will reduce its environmental footprint and boost equipment productivity.
The next stage of NLMK Lipetsk aspiration system upgrade will involve the installation of an advanced dedusting system at its 2.1 m t blast furnace that is currently being overhauled. The filtered materials will be used in production.
In line with the company’s long-term environmental programme, the last of its six BOFs will be upgraded and equipped with a new dust and gas collecting system that complies with the best cleaning technologies and captures 99.9% of dust. Captured BOF gas will be utilized to generate electricity at NLMK’s new co-generation plant.
BOF productivity will increase from 7,600 to 8,900 t of steel per day (+17%).
Works are scheduled for completion in Q4 2020. A total of 24,000 t of equipment and steel structures will be installed for the two projects.
Total investment in the BF and BOF upgrade projects will amount to RUB 36 billion.
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 0.7х. 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.
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