14 Oct '20
A new electrometallurgical production complex using “green” technologies is expected to emerge in the city of Vyksa outside Nizhny Novgorod in the mid-Volga area.
The project owner is OMK, one of global leaders in metalworking for energy, transport and industry; OMK has plans to invest a total of $2bn in the project.
The new site on the premises of Vyksa Steel, a sizable Russian producer of railroad wheels and large-diameter pipes, is slated for commissioning in late 2024. The effort is expected to culminate in the launch of metallized pellet production using special DRI (direct reduced iron) technology with a capacity of up to 2.5 million tons a year and of a separate electrometallurgical steel-making site with a capacity of up to 1.8 million tons a year.
As a result of the project, this OMK asset may expect to have its carbon dioxide emissions into the atmosphere reduced by a noticeable 70% compared to conventional manufacturing processes. Gas purification efficiency is expected to increase to 99.5%, another upside in an effort to lower air pollution in the city.
By 2025, OMK reportedly wants to invest in Vyksa Steel modernization an estimated $2.7bn.