Gazprombank plans to allocate 40 billion rubles to RUSAL for the introduction of environmental technologies

Gazprombank and RUSAL signed indicative terms for financing the environmental modernization of aluminum production plants. The signing took place during the St. Petersburg International Economic Forum.

Gazprombank plans to provide financing for up to 10 years in the amount of up to 40 billion rubles. to introduce the best available technologies at the Krasnoyarsk and Bratsk aluminum smelters of RUSAL, the largest enterprises of the group, producing a total of more than 2 million tons of aluminum per year. The modernization project involves transferring half of the capacities of KrAZ and BrAZ to modern pre-baked anode technology while maintaining the total volume of metal production.

The implementation of the investment project will improve production efficiency and at the same time reduce emissions to reduce the impact on the environment.

“RUSAL is our long-time partner and one of the world leaders in aluminum production. We understand the importance of environmental modernization of production and support the company's plans in this direction. Such projects are important for the environment, and the modern equipment being implemented meets the best available technology and complies with current environmental standards. By financing this project, Gazprombank participates not only in the development of domestic industry, but also helps clients promote a sustainable development strategy,” noted First Vice President of Gazprombank Alexander Ushkov.

“Ecological modernization of production is one of our key priorities, related to our responsibility to nature and society and implemented regardless of business conditions and economic efficiency. The funds raised from Gazprombank will be used to finance the modernization of our largest aluminum smelters and will make them one of the most environmentally friendly and high-tech enterprises in the global aluminum industry. The implementation of the project will significantly reduce our impact on the environment and will make a major contribution to improving air quality, as well as reducing the carbon footprint of our products,” said RUSAL CEO Evgeny Nikitin.