Russian Steel Producer orders Iron Ore Pelletizing Plant from Outotec

Outotec will deliver a 6 million tonnes per year iron ore pelletizing plant to NLMK Novolipetsk Metallurgisk Kombinat, Russia. (Picture: Outotec)

Outotec has won a contract for the delievery of a large-scale iron ore pelletizing plant for NLMK Novolipetsk Metallurgisk Kombinat, Russia. The project will be executed in cooperation with Siemens VAI.

Espoo, Finland – Outotec has agreed with NLMK Novolipetsk Metallurgisk Kombinat on the delivery of a large-scale iron ore pelletizing plant in Stary Oskol, 600 kilometres south of Moscow. NLMK Novolipetsk belongs to the NLMK Group, one of largest steel producers in the world. The project will be executed in cooperation with Siemens VAI. Outotec's share of the project is approximately EUR 150 million.

Outotec's scope includes basic and detailed engineering, process technology, procurement services as well as the entire process and plant equipment supplies for the iron ore pelletizing plant. In addition, Outotec has agreed to provide services during the plant's installation and start-up.

Construction is expected to be completed in 2014 with the plant fully meeting NLMK's pellet targets for its main production facility in Lipetsk as early as 2015. When completed, the Stary Oskol project will be the largest iron ore pelletizing plant in Russia producing roughly 6 million tonnes of pellets annually. The new facility will also be one of the first in Russia that is built with environmental aspects taken into strong consideration.