Anatoly Sedykh, the project's strategic investor, said during the Innoprom 2026 exhibition in Yekaterinburg that the investment is progressing according to plan.
Steel production at the facility will be carried out by melting direct reduced iron (DRI) pellets in an electric arc furnace (EAF). According to the company, this production method is expected to reduce carbon dioxide (CO₂) and sulfur oxide (SOx) emissions by approximately two-thirds compared to conventional basic oxygen furnace (BOF) steelmaking.
Ekolant will become the first steel production complex in Europe to operate using this technology.
Sedykh noted that the technology offers significant advantages for Russia, as it relies on high-grade iron ore and natural gas, both of which are available in abundant supply within the country. He added that this will enable the production of low-emission steel at internationally competitive costs.
According to Ekolant LLC's press service, once the facility reaches full production capacity, it is expected to contribute approximately 6.4 billion rubles annually to Russia's state budget.
The company also stated that the project will support Russia's GDP growth by increasing domestic consumption of natural gas and iron ore pellets.
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