ArcelorMittal Kriviy Rih – transition without sustainability
Briefing | 15 May 2011
The main purpose of the EBRD’s 200 million USD loan for ArcelorMittal Kriviy Rih in Ukraine was “to optimise the use of current production capacity, and increase the productivity and energy efficiency” and “improving the environmental situation considerably”.
After 5 years of project implementation, the EBRD admits: “The investment with ArcelorMittal Kryviy Rih (AMKR) … has achieved the objectives related to increased capacity utilisation, corporate restructuring and market expansion. Conversely, it fell short of its energy efficiency objectives; and saw an unsatisfactory environmental performance.”