Metinvest announces two investment projects aimed at decarbonizing metallurgy, valued at $1.3B.

The Metinvest Group unveiled these large-scale projects at the URC2025 international conference in Rome. Both initiatives will be carried out at the Northern Mining and Processing Plant.

The first project, costing $1.12B, involves starting the production of DR pellets, a crucial element for green metallurgy. It plans to build new ore enrichment facilities and modernize pellet production lines with a capacity of eight million tons annually. The raw material will come from Metinvest’s own quarry. This project is scheduled for completion by 2030, with $850M in external funding needed.

The second project focuses on thickening enrichment waste, involving the construction of a facility that will reduce sludge pumped into the tailings pond by 30% and save approximately 125 MWh of electricity annually. Its budget is $189M, with $130M to be raised; work on this project is already in progress.

Both projects align with Ukraine’s strategy for decarbonization and technological renewal in metallurgy.