Russian company to demonstrate new technology in Lahore on February 11

The government has invited Russian company 'Tyazhpromexport', the founder of 'Romelt' technology for iron production with local raw material in a cost-effective manner, for demonstration to local technologists.
The Ministry of Industries, Production and Special Initiatives and Engineering Development Board have extended the invitation and it has been accepted.
The Russian delegation, led by the Company President Nikolay V Ulianov, will hold the presentation on February 11 for Technology Upgradation and Skill Development Company (Tusdec) technologists at an auditorium in Lahore, said a spokesman of EDB on Monday.
Vladimir N Pashkin, Vice President (Romelt), Mikhail A Reznichenko, Director (Metokom), Yury M Kozlov, Counsellor Regional Directorate (Asia & Australia), Federal Ministry of Economic Development & Trade, Russia, Alex V Onegin, Local Representative, V S Valavin, MISA, Department Incharge (Romelt), F L Skuridin, Senior Expert (Romelt), M A Raihlina, Interpreter.
Special features of 'Romelt' process are that it has the flexibility to use wide range of iron-bearing materials, including iron ore and non-coking coal, as fuel and as reducer along with capacity to generate sufficient power to meet overall plant requirements including oxygen plant, whereas the cost of hot metal is expected to be 10-15 percent less as compared to BF route. The technology has already been licensed to various companies in USA, Japan and India, the spokesman added.
He said the EDB, working under the ministry of industries, production & special initiatives, was entrusted with the responsibilities of the development of engineering sector and connecting it to the global markets.
The main focus of the organisation was to encourage setting up steel mills in the country based on indigenous iron ore. Most of the iron ore deposits available in Pakistan are with low Fe content (32 percent) and are not being utilised for iron making due to high-level of silica, aluminium.
On the other hand, he said, Pakistan's demand for steel continues to grow and added that currently there is a gap of around 1.5 million tonnes which is being met through imports.