The Metinvest Group presented two large-scale investment projects worth a total of $1.3 billion aimed at decarbonizing the metallurgy sector during the international conference URC2025 in Rome. Both projects will be implemented at the Northern Mining and Processing Plant.
This is reported by Finway
DR-Pellets: The Key to Green Metallurgy
The first project, with a budget of $1.12 billion, involves launching the production of DR-pellets—an essential element for environmentally friendly metallurgy. As part of the project, the company plans to build new ore enrichment facilities and modernize production lines at the Northern GOK. The annual production capacity will be 8 million tons of pellets, with raw materials sourced from Metinvest’s own quarry. The implementation of this investment initiative will continue until 2030. To facilitate this, $850 million in external funding is needed.
Thickening Waste: Efficient Resource Utilization
The second project concerns the implementation of a waste thickening complex for ore enrichment. Its goal is to reduce the volume of slurry pumped to the tailings storage by 30% and decrease annual electricity consumption by 125 MWh. The total budget for this project is $189 million, of which $130 million is planned to be raised externally. Currently, the active phase of implementation is already underway.
“Both projects align with the strategy for decarbonization and technological renewal of Ukraine’s metallurgy.”
The realization of these initiatives is an important step towards reducing the carbon footprint and enhancing the competitiveness of Ukrainian metallurgy in the global market.