Meranti Green Steel is recognised as one of Thailand's most important players in low carbon steel production. The green iron project developed by the company will not only meet the raw material needs of the low-emission steel mill in Thailand, but also respond to the rapidly increasing demand for HBI (hot briquetted iron) from offtakers in Europe.
In a statement released by Meranti Green Steel, it was emphasised that Oman-sourced green iron will play an important role in improving the competitiveness of steel producers in Europe and ensuring job security. With competitive access to natural gas and green hydrogen, the project is expected to make a strong contribution to Europe's green transformation goals.
"With the allocation of natural gas and finalisation of the project site, the foundation is now in place for our green iron production at Duqm. We are in discussions with various potential green hydrogen partners and are in close co-operation with our financing partners, especially KfW IPEX."
With this project, the company aims to support not only its own integrated steel value chain, but also the sustainability journey of the global steel industry.
A New Era in Sustainability Begins
Meranti Green Steel thanked the Omani authorities and business partners and emphasised that this partnership ushers in a new era in sustainable iron and steel production: ‘Together, we are redefining the boundaries of what is possible in sustainable iron and steel production.’
Thailand-based Meranti Green Steel has made a name for itself in the industry with its innovative solutions and environmentally friendly projects in low-emission steel production. The green iron project in Oman will increase the company's global presence and provide significant support to Europe's carbon neutrality targets.
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