With a shared ambition to reduce carbon emissions from iron and steelmaking, Metinvest, the international vertically integrated group of steel and mining companies (“Metinvest” or “the Group”), and SMS group and its subsidiary, Paul Wurth, have signed a Memorandum of Understanding (MOU) to work together to meet this challenge head-on.
SMS group, as the world leader in iron and steelmaking technologies, will support Metinvest in improving its operational efficiency and environmental performance. The MOU also sets out an agenda for discussions about future areas of cooperation with the greatest potential.
The MOU is also expected to provide the parties with the opportunity to develop and test new technologies to enhance both iron and steelmaking, as well as downstream processes. Any concrete projects that emerge from these early discussions will be subject to further cooperation agreements and contracts.
The MOU was signed by Yuriy Ryzhenkov, Chief Executive Officer of Metinvest, and by Georges Rassel, Chief Executive Officer Europe, and Marina Keller, Director of Sales, Region Eastern Europe, on behalf of SMS group.
Metinvest is a vertically integrated group of steel and mining companies that manages every link of the value chain, from mining and processing iron ore and coal to making and selling semi-finished and finished steel products. It comprises steel and mining production facilities located in Ukraine, the EU, the UK and the US, as well as a sales network covering all key global markets.