Nornickel has been investing over $ 27 billion over 10 years, of which $ 5.5 billion is in the environment

"Norilsk Nickel" in 10 years invests more than $ 27 billion, of which $ 5.5 billion - in the environment In the next 10 years "Norilsk Nickel" plans to invest more than $ 27 billion as part of a growth strategy and implementation of projects to solve environmental problems, the company said.

Of this, about $ 5.5 billion will be allocated to projects to reduce the negative impact on the environment, including $ 3.6 billion for the Sulfur project, which aims to reduce sulfur dioxide emissions in the Polar Division by 10 times in 2025.

"Global transition to "green" The economy will require large volumes of nickel, copper, palladium and platinum, so we are investing in sustainable growth. We intend to be absolutely transparent and convenient for our clients through modern digital solutions. "Norilsk Nickel" as an industry leader and responsible company, will continue to build its strategy on the principles of sustainable development and taking into account the public interest", - said the head of the company Vladimir Potanin, quoted in a press release.

"Norilsk Nickel" confirmed plans for a sharp increase in capex in 2021 - to $ 3-3.4 billion from a maximum of $ 2 billion this year. In 2022-2025 capex will amount to an average of $ 3.5-4 billion annually, after which in 2026-2030. they will drop to traditional less than $ 2 billion.

In particular, capital expenditures for the development of the energy complex, including investments in industrial safety and labor protection, in the next 5 years will amount to about $ 4 billion. This will allow by 2030 to update about 60% of all energy infrastructure facilities of the company, Potanin said..

The company plans to build backup gas pipelines that will increase the reliability of supply to power plants and will eliminate the use of oil products in energy assets, Potanin said..

In addition to the implementation of the Sulfur project, "Norilsk Nickel" announced plans to maintain leadership positions at low "carbon intensity" per unit of production and remain in the bottom quartile of the global nickel industry in terms of specific carbon dioxide emissions.

A separate very important direction of this strategy is the elimination of historical pollution of previous years, which includes the dismantling of abandoned buildings, the collection and processing of scrap metal and sanitary cleaning of the territory, the report says. "Norilsk Nickel (MCX: GMKN)".

"Norilsk Nickel" plans to change its product portfolio to better match "green" economy, Potanin said. Partnerships are a prime example of this trend. "Norilsk Nickel" with BASF, he recalled, within which the companies joined forces at the Finnish site "Norilsk Nickel" for the production of materials for batteries.