Sep. 7, 2021 - NLMK Group, a global steel company, and Gazprom Neft, one of Russia’s largest oil companies, have signed a memorandum of cooperation to attain climate impact reduction goals.

The companies plan to jointly develop projects aimed at reducing greenhouse gas emissions, including the development of technologies for the production, transportation, storage, and use of hydrogen in steelmaking. As part of the agreement, the companies will also jointly research and test carbon capture, utilization, and storage technologies.

Sergey Chebotarev, NLMK Vice President for Energy and the Environment, said: "We are happy to join forces with our partner Gazprom Neft on decarbonization. Our joint efforts in hydrogen energy development and carbon capture, utilization, and storage will accelerate the introduction of new technologies for climate footprint reduction."

Over the last five years, NLMK Group reduced its CO2 emissions per tonne of pig iron and steel sold by 4%, from 1.98 t in 2016 to 1.90 t in 2020. The Company is targeting a further reduction to 1.84 t (by an additional 3%) by 2023.