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Severstal considers two new green hydrogen projects

Russian major steel producer Severstal considers the feasibility of two green hydrogen projects via electrolysis, Severstal’s major shareholder Alexei Mordashov said at the forum of the German-Russian Year of Economy and Sustainable Development. 

One project relates to launching a 10 MW electrolyzer at Cherepovetsk Steel Mills, which is the company’s major steel-producing asset. 

The other project deals with hydropower-based 50 MW production at Karelsky Okatysh, which produces iron ore in the Russian republic of Karelia, closer to the border with Finland.

The hydrogen is intended for internal usage as well as potential exports to Finland and Germany, he said.

Earlier this year, Severstal announced that it considers cooperating with Russian independent gas producer Novatek on blue hydrogen production to be used at Cherepovetsk Steel Mills. Blue hydrogen is produced from natural gas together with carbon capture and storage facilities. 

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