), through its subsidiary ArcelorMittal Energy Ostrava, has signed
a contract with Finland's Valmet to install a fluidized bed boiler
worth $47 million, which will replace four coal-fired boilers.
The new boiler will help to reduce emissions of sulphur dioxide,
nitrogen oxides and dust. It is a part of the overall modernization
of Ostrava's power plant. Setting up the new boiler will help the
company to reduce the adverse environmental impact and also comply
with European emission limits, before they are implemented.
The fluidized bed boiler is designed in such a fashion that it
burns coal more efficiently than the current coal fired boilers and
has an efficiency of more than 92%, while producing very low
emissions. The boiler has facilities for desulphurization and
reduction of nitrogen oxides emissions. At the same time, the
fabric filter will ensure a perfect de-dusting of flue gases.
The boilers at the power plant also consume the gas generated
during hot metal production, leading to a considerable reduction in
environmental impact vis-a-vis other coal-powered power plants or
heating plants. Thus, the power plant of ArcelorMittal Ostrava can
substitute up to a third of its coal consumption.
The boiler represents the largest environmental and modernization
investment project for ArcelorMittal since the 1990s and will be
commissioned in the middle of 2016. Despite unfavorable economic
conditions, setting up the boiler will ensure the company's
competitiveness in the market.
ArcelorMittal currently holds a Zacks Rank #3 (Hold).
Other companies in the steel and related industries with a
favorable Zacks Rank include
Universal Stainless & Alloy Products Inc.
). While NN and Universal Stainless & Alloy Products hold a
Zacks Rank #1 (Strong Buy), ThyssenKrupp carries a Zacks Rank # 2
Want the latest recommendations from Zacks Investment Research?
Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report
ARCELOR MITTAL (MT): Free Stock Analysis Report
NN INC (NNBR): Free Stock Analysis Report
THYSSEN A G (TYEKF): Get Free Report
UNVL STAINLESS (USAP): Free Stock Analysis
To read this article on Zacks.com click here.