A Memorandum of Understanding (MoU) signed by SMS group and Magnitogorsk Iron and Steel Works (MMK) last week sets the stage for further developments in mutual cooperation in the development and use of decarbonization technologies that could reduce – potentially to zero – CO2 emissions.
As part of the MoU, both parties to the agreement – which is valid for five years from the date of initiating – agreed that boosting measures to protect the climate are essential. Paul Wurth will be a strategic partner in the analysis of decarbonization of ironmaking.
Paul Wurth is already involved with MMK in the construction of their new blast furnace No.11 – an enhanced, modern facility.
Founded in 1870 with headquarters in Luxembourg, Paul Wurth is a global leader in the design and supply of complete plants, systems and processes for the primary stage of integrated steelmaking. Its portfolio includes the construction of complete blast furnaces, cokemaking plants, direct reduction plants as well as recycling facilities with a full range of services in engineering, project management, site supervision, commissioning assistance, operator consulting and after-sales, with a special focus on digital solutions. Presently, the company is focusing on the development of innovative solutions for leading the upcoming decarbonisation of the metals industry.