Kommersant: Ecolant in Vyksa will be built on the terms of a special investment contract

The Ministry of Industry and Trade of the Russian Federation has approved the application of Ecolant LLC (a project of OMK owner Anatoly Sedykh) to conclude a special investment contract (SPIC 2.0) for the construction of an electrometallurgical complex in Vyksa (Nizhny Novgorod Region). This was reported in the press service of the department.
The complex with a capacity of 1.8 million tons of steel per year is planned to be built by 2025. Steel will be produced from hot-reduced iron, which is obtained here from natural gas and iron ore. Most of Ecolanta's steel will be processed at the plants of the United Metallurgical Company (OMK), including the Vyksa Steel Works (VMZ).
“This is the largest project of the decade in the domestic metallurgy. Some of the technological solutions that will be applied in the Ecolant complex have no analogues in Europe,” the Ministry of Industry and Trade of the Russian Federation said in a statement. The department noted that the new complex will operate using environmentally friendly technologies - the new complex will have no emissions associated with the production of coke, sinter and pig iron.
Full text at media website.