News and press releases Azovstal to reduce by 2012 emission of greenhouse gases by 1.5 mln. tonnes according to the agreement with Global Carbon company.2 July 2009
// Press centre Metinvest Group The contract provides for service assistance in implementation of The Kyoto Protocol mechanisms. These mechanisms are aimed towards introduction of energy saving technologies, reduction of the Plant’s influence on the environment and increasing of energy effectiveness of equipment. According to preliminary assessments the measures planned will have reduced emissions of greenhouse gases approximately by 1.5 mln tonnes1 by 2012 . Azovstal Iron and Steel Works of Metinvest Group and Global Carbon company agreed to develop and support the joint implementation plan and signed the appropriate contract. Azovstal has been executing the long-term program of modernization and reconstruction production facilities. The investments into environmental protection account for 22% of total investments. Due to a number of environmental initiatives and measures Azovstal has managed to control the volume of emissions and is constantly reducing it. Particularly, reconstruction of blast furnace №2 allowed to reduce СО2emissions by 200000 tonnes per year, commissioning of air separating unit VRU-60 gave another 50000 tonnes per year, introduction of energy consumption monitoring and control system made 67000 tonnes per year reduction in СО2 emissions. Implementation of Kyoto Protocol mechanisms is to help Azovstal attract additional investments for its environmental programs. The money shall be sourced from sales of Emissions reduction units. That is another point of the signed contract. The contract outlines the long-term cooperation during the first reporting period of the Kyoto Protocol (till 2012 year) and may be prolonged for the second reporting period ( to 2020 year). The contract provides for service assistance in development, coordination and monitoring of joint implementation plans and assistance in issuing and trading emissions reduction units. According to preliminary assessments the measures planned will have reduced emissions of greenhouse gases approximately by 1.5 mln tonnes1 by 2012. ‘Azovstal’s efforts in reducing the emission of greenhouse gases are the priorities of our plant and the whole Metinvest Group. Our primary concern is protection of environment of our city and region and reduction of energy resources costs'. – noted Dmitriy Livshits, Azovstal’s General director. ----------------------------- 1 CO2 equivalent Profile: Global Carbon is a leading expert on environmental consultancy and financial brokerage services in the international emissions trading market under the Kyoto Protocol. The company focuses on Joint Implementation (JI) project development in Bulgaria, Ukraine, and Russia, and the EU Emissions Trading Scheme (ETS) in Bulgaria. Azovstal Steel Plant is a modern hi-tech enterprise producштп a wide range of steel products including slabs, shapes and sections, rails, rail fasteners, square billet, heavy plates.Production capacities of the plant allow to produce over 5.5m tonnes of pig iron, more than 6.4m tonnes of crude steel (including 4.4m tonnes of BOF steel), over 4.4m tonnes of rolled products, as well as up to 285,000 tonnes of rail fasteners and 170,000 tonnes of milling balls per year. Metinvest is an international vertically integrated mining and steel group of companies. Production facilities of Metinvest enterprises allow complete satisfaction of internal consumption of raw materials, liquid steel and semi-finished products in the company’s Ukrainian holdings, and allow Metinvest to be a key supplier to European and Asian enterprises. Metinvest Group shareholders are SCM Group (75%) and Smart-Holding Group of Companies (25%). METINVEST HOLDING, LLC is the managing Company of Metinvest Group. | 
