November 22, 2024
"Metinvest" plans to build a plant worth 2.5 billion euros in Italy thumbnail
Economy

“Metinvest” plans to build a plant worth 2.5 billion euros in Italy

Metinvest Group and the Ministry of Enterprise and Production of Italy signed a declaration of cooperation. Within the scope of the agreement, the construction of a plant for the production of “green” steel in the Tuscany region, worth 2.5 billion euros, is planned.”, — write: www.epravda.com.ua

Metinvest Group and the Ministry of Enterprise and Production of Italy signed a declaration of cooperation. Within the framework of the agreement, the construction of a plant for the production of “green” steel in the Tuscany region, worth 2.5 billion euros, is planned.

About this informs the press service of the company.

The new plant with a capacity of 2.7 million tons per year will work using electric arc furnace technology and will use secondary raw materials: scrap, cast iron and iron directly recovered from Ukraine.

The memorandum was signed by representatives of the Tuscany region, the municipality of Piombino, Danieli Officine Meccaniche SpA and Metinvest-Adria SpA

The project will receive financial support from the Italian agency SACE and banks, including Cassa Depositi e Prestiti.

During this event, “Metinvest” offered the Minister of Enterprise and Production of Italy, Adolfo Urso, to recognize the project as having national strategic importance, which can speed up the process of its approval with the participation of the Council of Ministers.

The final agreement must be signed by 2025. It will cover land reclamation measures, infrastructure development, in particular the port, job creation and initiatives in the field of renewable energy, the message says.

We will remind:

Pokrovskaya coal group supplies coking coal for “Metinvest” production, but the company has a plan B in case of a possible takeover of the Pokrov region by the Russians.

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