OREANDA-NEWS. On July 02, 2009 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. The contract provides for service assistance in implementation of The Kyoto Protocol mechanisms, reported the press-centre of SCM.

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 tones (CO2 equivalent) by 2012 .

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 them. Particularly, reconstruction of blast furnace №2 allowed to reduce СО2 emissions by 200 tonnes per year, commissioning of air separating unit VRU-60gave another  50 tonnes per year, introduction of energy consumption monitoring and control system made-– 67 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 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 tonnes2  by 2012.

‘Azovstal’s efforts in reducing the emission of greenhouse gases are It is foreground orientation of Plant’s and Metinvest Groop’s policy.  Our primary concern is saving of the city and region environment and decrease energy resources costs – has noted  Dmitriy Livshits, the head of the Plant.