A delegation from Oman’s Integrated Gas Company (IGC) — the country’s sole natural gas supplier — and Invest Oman met with Meranti Green Steel executives in Thailand to discuss the company’s planned green iron investment in Duqm.
The project will establish a Hot Briquetted Iron (HBI) plant with an annual capacity of 2.5 million tonnes in the Duqm Special Economic Zone. Initially powered by a mix of natural gas and green hydrogen, the plant aims to progressively increase hydrogen use to reduce carbon emissions.
According to Meranti’s strategy, part of the HBI produced in Duqm will supply its planned green steel mill in Thailand, while the remainder will be exported to European buyers.
In a statement, IGC said discussions focused on gas allocation, operational readiness, and the strategic roadmap for upcoming project phases. The company emphasized supply security and sustainability, noting that the initiative aligns with the goals of Oman Vision 2040.
IGC also announced plans to sign Gas Purchase and Allocation Agreements on November 2 with projects in the petrochemical, iron and steel, energy, and other sectors, with total investments exceeding 2 billion Omani rials (USD 5.2 billion).
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