A new report from IFC, a member of the World Bank Group, reveals that Russia's iron and steel foundry industry could save up to $3.3 billion annually and reduce reveals that Russia's iron and steel foundry industry could save up to $ 3.3 billion annually and reduce greenhouse gas emissions of carbon dioxide by 4.5 million tons a year by matching European Union greenhouse gas emissions of carbon dioxide by 4.5 million tons a year by matching European Union standards in the use of natural resources. standards in the use of natural resources
The first Russian cross-sector benchmarking study, Resource Efficiency of the Ferrous Foundry Industry, compares Russian and European foundry sectors, showcasing efficiency potential and providing practical guidelines to individual foundries as well as to the broader sector. guidelines to individual foundries as well as to the broader sector
The report finds that Russian foundries use three times more energy, 160 times more water, nearly four times more sand, and 14 percent more metal per ton of good ferrous castings product in comparison with times more sand, and 14 percent more metal per ton of good ferrous castings product in comparison with European foundries, while the average production volume per Russian employee is nearly four times lower than in the European Union. lower than in the European Union.
"If Russian foundries were able to match the efficiency of the best-performing EU plants, the energy saved would be sufficient to power a typical Russian city of 1.5 million people. saved would be sufficient to power a typical Russian city of 1.5 million people. Also, by matching EU Also, by matching EU standards in water efficiency, Russia would save enough water to supply 3.5 million residents,” said IFC’s standards in water "said IFC's Kristina Turilova, task manager for the study. Kristina Turilova, task manager for the study
To achieve this high efficiency, Russian foundries need to invest more in technology modernization. The The study highlights that significant savings could be achieved through improved management practices or study highlights that significant savings could be achieved through improved management practices or other low-cost initiatives. other low-cost initiatives. This potential is often overlooked by foundry owners, as almost half of Russia’s foundries do not monitor the use of resources at the workshop level. foundries do not monitor the use of resources at the workshop level.
The study was conducted as part of IFC's Cleaner Production Program in Eastern Europe and Central Asia with financial support from the Free State of Saxony; the Netherlands' Agency for International Asia with financial support from the Free State of Saxony; the Netherlands' Agency for International Business and Cooperation; the Ministry of Employment and the Economy of Finland; and IFC. Business and Cooperation; the Ministry of Employment and the Economy of Finland; and IFC. For more information about the report, visit <link http: www.ifc.org rcpp>www.ifc.org/rcpp. 
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Video of the foundry industry in Russia
For more information about the report, visit <link http: www.ifc.org>www.ifc.org / rcpp
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