Azovstal, a subsidiary of the Ukrainian steel producing and mining company Metinvest Holding (Metinvest), has announced its plans to invest more than $5 billion in the modernization and reconstruction of its production facilities. About $1 billion out of the total amount will be invested in the implementation of ecological and environmental projects.
Under the scope of the modernization and reconstruction program, Azovstal will reconstruct its sinter factory, modernize blast furnace production with the aim of reducing the number of operating furnaces, switch to dry cleansing of gas methods in converter operations, and implement the phased closing of three coke batteries as well as of OHF production and pressing and rail-beam workshops.
As a result of the program, by 2020 Azovstal plans to raise its production and at the same time reduce emissions to the atmosphere by 25 percent each. In addition, the plant will be able to process 100 percent of production waste into environment-friendly products.