Environmental policy is one of Ferrexpo’s top priorities. Our Company pays close attention to environmental protection and minimization of impacts of production processes. One of Ferrexpo’s strategic goals is СО2-free production of iron ore pellets.
We fully share the view that climate change and greenhouse gas emissions are critical for modern society. Therefore, Ferrexpo always emphasizes the importance of reducing the carbon footprint. The Company is active in implementing new technologies: it replaces engines, uses solar energy, autonomous trucks, implements many other projects to increase efficiency and replace energy-intensive raw materials with more environmentally friendly ones.
All the Company’s projects are implemented in accordance with investment, social and environmental programs approved by the Board of Directors of Ferrexpo. The budget of Ferrexpo’s ongoing environmental projects for 2020 is $9.1 million. In addition, the Company carries out many small projects on environmental improvements, with a planned investment of $500 thousand.
In 2018–2019 and H1 2020, Ferrexpo invested a total of more than ₴891 million (over $35 million) in environmental activities.
Companies of the Ferrexpo Group are also constantly striving to minimize environmental impacts. In this regard, programs to improve the environmental situation were launched in September 2019. Their elements in particular incorporate:
A comprehensive engine replacement program was launched in 2017 and is expected to last until 2025. Annual investment in this project exceeds $2 million, and the cost totals more than $15 million. More than 335 engine units have been replaced thus far. Until the end of 2020, the first phase of the project, the replacement of 450 engines, is planned to be implemented. The pace of the project implementation is expected to be retained, with all engines replaced until the end of 2024–2025.
The project helps reduce not only energy consumption, but also greenhouse gas emissions. At the end of project implementation, electricity consumption is expected to be reduced by 10% (at least by 3% during implementation), while CO2 emissions will decrease by 60 thousand tons per annum.
According to the data of the Central Geophysical Observatory named after B. Sreznevskyi, Gorishni Plavni tops the list of the least polluted industrial cities of Ukraine by the environmental pollution index. The study evaluated air pollution for 22 pollutants, including eight heavy metals. This status has been achieved partly due to huge investment in environmental projects.
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