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Severstal Commits to Cutting Carbon Emissions by 3% by 2023

Steel News - Published on Fri, 31 Jul 2020

Image Source: Severstal Carbon Emissions
PAO Severstal announced a public target to cut its greenhouse gas emissions intensity by 3% over the next three years compared with 2020. It is the first stage of a longer-term strategy to reduce its carbon footprint and increase its contribution to meeting the goals set by the Paris Climate Agreement. Severstal said “We have identified the following investment projects that should contribute most significantly to this target are: the construction of long-range wire mill 170, implementation of argon purging of metal in a steel casting ladle from production to casting, increasing the share of sintering ore from Yakovlevskiy Mine in sintering mix, the reconstruction of the solid fuel unit Sinter plant 2 as well as the launch of top-pressure recovery turbines #16 & #25.”

In addition, Severstal has revised and upgraded its total atmospheric emissions reduction targets for 2025. Following the Company’s decision to fit new gas cleaning equipment at the Cherepovets Steel Mill’s sinter processing plant, Severstal now expects to reduce its total atmospheric emissions by 13% (66,500 tonnes) against 2017 levels, compared with the previously announced target of 7%.

Since 1990, the intensity of greenhouse gas emissions from steel production at the Cherepovets Steel Mill has decreased by 43%. According to the World Steel Association, Severstal is in the first quartile of companies in the steel industry with the lowest greenhouse gas emissions. Greenhouse gas emissions intensity of CherMK in 2019 amounted to 2.08 tonnes of CO2 equivalent / tonnes of liquid steel (Scopes 1–3). Over the past year, Severstal has climbed three places in the worldsteel ranking of companies with the lowest specific greenhouse gas emissions to rank 13th out of 64 companies with comparable technologies.

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Posted By : Yogender Pancholi on Fri, 31 Jul 2020
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