Severstal Increases the Share of Renewables in Its Energy Portfolio

Source: www.gulfoilandgas.com 11/30/2021, Location: Asia

Severstal, one of the world's largest vertically integrated steel and mining companies, has taken a strategic decision to increase the share of renewable energy in its energy portfolio, in part by increasing heat generation from biofuels at the operating boiler houses of Karelsky Okatysh, the leading iron ore mining and processing company in Russia. Karelsky Okatysh will gradually increase the share of biofuels in the balance of heat production from 1.2% in 2021 to 13.5% in 2026.

Karelsky Okatysh’s total energy consumption in 2020 was 264,532 Gcal/year. 3,060 Gcal (1.2% of the total consumption) was energy produced using biofuel, while the rest was generated from fuel oil. At the same time, Karelsky Okatysh generates heat from biofuel (wood chips) at its own boiler house. Currently, the use of alternative fuels (natural gas) is not possible at Karelsky Okatysh due to its remote location and lack of infrastructure, but the company sees an opportunity to increase the purchase of high-quality wood chips, including from local suppliers.

Biofuel is any fuel derived from biomass that is grown or obtained from waste. Severstal makes sure to comply fully with international sustainability criteria and certifies biofuels in compliance with the ISCC (International Sustainability and Carbon Certification) requirements. Going forward, Severstal plans to use only certified biofuels, which ensures that chips will only be purchased from responsible suppliers. Implementing projects which use biofuels could lead to a reduction of over 11 thousand tons of CO2-eq./year.

Alexander Shevelev, CEO of Severstal, commented:

“Severstal has set itself the goal of reducing its environmental impact and contributing to global efforts to achieve the Paris Agreement targets. Our own medium-term goal is to reduce CO2 emissions from 2,063 tonnes / tonne of steel in 2020 to 1,857 tonnes / tonne of steel (or by 10%) in 2030, which will place us in the top 15% of steelmakers with the lowest greenhouse gas emissions in the world. Our ambitious project to diversify our own power generation portfolio is an essential part of this programme. It is important to note that for Severstal this is not just an effort to formally achieve a goal. It is fundamentally important to us that the alternative energy sources we use are certified and really contribute to solving climate problems. With this objective, we urge our supply chain partners to join forces with us, and we recently announced the development of a climate memorandum “Together for a low-carbon future” in support of global efforts to prevent further climate change, which we propose our key suppliers and customers sign”.


South Africa >>  6/23/2022 - Ambri, provider of long-duration energy storage, announced that Earth & Wire, South Africa's independent renewable energy retail brand, placed an orde...
Bahrain >>  6/21/2022 - The meeting between Eni CEO Claudio Descalzi and His Royal Highness Prince Salman bin Hamad Al Khalifa, the Prime Minister of Bahrain, was held today ...

United Kingdom >>  6/21/2022 - Ørsted, the world’s most sustainable energy company, is partnering with Lincolnshire and Yorkshire Wildlife Trusts to help restore the biodiversity ar...
South Korea >>  6/20/2022 - Neste, Covestro and South Korean petrochemical company SK geo centric are cooperating to enable the production of a major polyurethane raw material ba...

United Kingdom >>  6/17/2022 - Inaccess and Power Factors combine and form the largest and most comprehensive provider of digital tools needed to effectively manage large portfolios...
United States >>  6/17/2022 - Nodal Exchange announced the successful listing of new environmental products including several first-of-their-kind futures contracts in voluntary car...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.