Second, important, green order in Russia within a few days for the Danieli group, which confirms a good approach in the pipeline of orders acquisitions for the current year and strengthens its role in the supply of technologies destined to govern the transition towards decarbonisation on the world steel market. The Friulian group has signed an order worth approximately 120 million euros with the Magnitogorsk Iron & Steel Works (Mmk) group for the supply of technologies for the installation of four new reheating furnaces. The first plant will be started up in 2023, the fourth in 2026. New generation burners will be installed which will allow a significant reduction of nitrogen oxide in the atmosphere.
The Balakovo Agreement
This order follows the agreement with Balakovo, made official last Tuesday, linked to the supply of a complete latest generation minimill for “green” steel, with a project worth approximately 250 million euros. In detail, it is an innovative steel mill with continuous casting of 1.46 million tons per year for the production of billets, blooms, mini-shafts and blanks for profiles. This is accompanied by a low-emission rolling mill for rails and medium and large-sized sections of one million tons per year; the reheating furnace, in particular, was developed on the basis of a future-oriented concept, already designed to work with a mix of natural gas and hydrogen.
The order of Algoma Steel
Apart from Russia, in December the group had instead signed a 200 million dollar order with the Canadian Algoma Steel, to replace the blast furnaces with two 250 thousand ton electric furnaces with Digimelter proprietary technology, which can also be powered by renewables; it is one of the first initiatives in the world capable of achieving the transition in a single phase. “The acquisition of orders for the 2021/22 financial year – commented the company – remains in line with the pre-established budget”. The latest projects, in particular, confirm the leadership “for low-emission green plants to modernize the steel industry, with a significant reduction in average CO2 emissions per ton of steel produced”.
The memorandum with Mmk
Returning to Mmk, Danieli last November signed, with the Russian group, a five-year Memorandum of Understanding (MOU) which documents the companies’ intention to collaborate in the use of decarbonisation technologies to reduce and potentially eliminate CO2 emissions. . The MoU notes that “the parties are interested in identifying potential technologies, conducting research and introducing decarbonisation technologies at MMK, which will increase economic performance and improve the environmental situation through the absence or reduction of emissions”.