According to a press release from SMS group, the company will support Metinvest in “improving its operational efficiency and environmental performance.” The MOU will enable the companies to develop and test new technologies to enhance iron- and steelmaking and downstream processes.
 
‟In working together with SMS group, we will be able to better consider the available technical solutions that will improve steelmaking processes,” said Yuriy Ryzhenkov, chief executive officer of Metinvest. “Our particular focus will be on solutions that reduce greenhouse gas emissions.”
 
“As an industry, we have to find solutions on the timescale the world requires,” he added.
 
According to SMS group Europe’s chief executive Georges Rassel, the companies will consider a range of technological solutions, including direct reduced ironmaking, “blue” blast furnace with reduced CO₂ emissions, and the use of hydrogen, electrification and digitalization, among others.
 
Read the full press release here.