OREANDA-NEWS. October 17, 2011. Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, announces the launch of a major environmental project aimed at reducing atmospheric emissions at the Cherepovets Steel Mill, part of the Severstal Russian Steel division.

Following a tender process, Severstal has signed an agreement with Siemens VAI Metals Technologies to supply and install a sophisticated system for capturing emissions from plant converters. The system will be installed over the next four years.

The new system will be installed alongside the Cherepovets Steel Mill’s existing converter process and will include, amongst other things, new bag filters, smoke exhausts, a compressor station, a package transformer and distribution substation, an automated process control system, and a dust removal system.

The project is an important step in Severstal’s significant efforts to reduce the environmental impact of its operations. Severstal’s will invest up to 3 billion rubles (USD 96 million) over the next four years in the project.

Alexander Grubman, CEO of Severstal Russian Steel, commented: “We are initiating this project to reduce the Cherepovets Steel Mill’s atmospheric emission levels and ensure we meet leading international standards. This project and investment demonstrates our commitment to delivering on our company-wide goal of reducing any negative impact on the environment from our operations.”