Metinvest is a general partner of the steel industry decarbonization forum

Metinvest, an international mining and metals group, will be a general partner of the international forum on “Decarbonization of the steel industry: a challenge for Ukraine” that will take place on 14 July 2021 in a combined format (offline and online), according to the Company’s website.

“Throughout its history, the Metinvest Group has been seeking to reduce the negative impact of its production on the environment. Over the past 10 years, Metinvest has invested more than $3.4 billion in environmental initiatives. The Group intends to further reduce its carbon footprint to combat climate change,” reads the statement.

However, achieving carbon neutrality is going to be a big challenge for Ukrainian companies, as it involves a complete change in production processes and supply chains.

Moreover, the technologies necessary to make the country’s economy carbon-free are only being developed. Drafting a detailed roadmap for the transition to green industry requires cooperation between producers, engineering companies, consumers, suppliers and the government. The forum is intended to establish cooperation between all the stakeholders in the process of decarbonization of the steel industry, and to improve the quality of the dialogue in this area.

“Ukraine’s industrial sector is facing a serious challenge that will affect the life of the entire country. Decarbonization may completely change both production and technologies. The sooner businesses and the government develop a common approach to achieving carbon neutrality, the easier this process will be for the Ukrainian economy,” says the Metinvest Group’s CEO, Yuriy Ryzhenkov.

The Metinvest Group also decided to contribute to seeking possible ways to decarbonize Ukraine’s steel industry and economy in general, and became a sponsor of a study on “Decarbonization of the steel industry: a challenge for the coming decades”. The results of the study will be presented on 14 July 2021 at the forum organized by GMK Center.

Discussions during the Forum will focus on the matters relating to decarbonization of steel production, available and emerging techniques, companies’ targets for cutting CO2 emissions and relationships with the government in this area. The attendees will include representatives of the mining & metals companies of Ukraine, international engineering, consulting and R&D companies, and also, members of the Cabinet of Ministers, MPs, representatives of business associations and industry experts.

You can read more about the program and forum participants here.

Share
Published by
Aleksandr
Tags: Metinvest decarbonization Forum on “Decarbonization of the steel industry: a challenge for Ukraine”
  • Technologies

BHP opens industry’s first AI hub in Singapore for digital transformation

Global mining company BHP has announced the opening of its first artificial intelligence (AI) center…

Saturday June 7, 2025
  • Industry

The Dutch fleet is replenished with the Den Helder ship made of Metinvest steel

До складу Королівського флоту Нідерландів увійшов новий корабель бойового забезпечення HNLMS Den Helder. Він щойно…

Saturday June 7, 2025
  • Industry

Ukraine reduced rolled steel production by 11.8% y/y in May

In May 2025, Ukrainian steel enterprises reduced production of commercial rolled steel by 4% compared…

Friday June 6, 2025
  • Global Market

World scrap prices continue to stagnate in early June

At the beginning of June 2025, the global scrap market demonstrates overwhelming price stability after…

Friday June 6, 2025
  • Companies

Rio Tinto and Baowu officially open Western Rang mine

The Australian-British mining group Rio Tinto has announced the official opening of its new Western…

Friday June 6, 2025

US CBAM could generate up to $200 billion in revenue within five years – study

The U.S. mechanism for cross-border carbon adjustment could raise up to $200 billion over five…

Friday June 6, 2025