In a remarkable address at the prestigious Made in Steel conference in Milan, Mr. Yuriy Ryzhenkov, CEO of Metinvest Group, unveiled an ambitious vision that aligns perfectly with the principles of Europe's green transition.
During his impassioned speech, the CEO expressed his wholehearted endorsement of the Ukrainian government's strategy for post-war reconstruction, emphasizing the importance of renewable and nuclear energy.
He highlighted Ukraine's abundance of nuclear energy reserves, which possess the potential to generate environmentally friendly hydrogen. This, he proclaimed, positions Ukraine to supply the raw materials necessary for the production of direct reduction iron to meet Europe's burgeoning demand.
Drawing attention to Metinvest's status as the largest iron ore producer in Ukraine, he underscored the country's status as Europe's leading producer of iron ore products
Significantly, Ukraine has already made substantial strides towards decarbonization. A remarkable 65% of its energy balance is comprised of nuclear energy, complemented by 10-15% renewable energy sources and 10% hydrogen.
Leveraging these accomplishments, the CEO articulated his vision to construct DRI facilities in Ukraine, seamlessly integrating them into the EU's common product chain. He posited that this move would not only contribute to Ukraine's reconstruction but also fortify its ties with the European Union.
Source: SteelGuru
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