Oman – Meranti Green Steel has announced the launch of its green iron project in the Duqm Special Economic Zone, aiming to produce low-emission Direct Reduced Iron (DRI) and Hot Briquetted Iron (HBI) as part of the company’s global efforts to decarbonize the iron and steelmaking process. 

This project is a key element of Meranti’s green steel strategy. The company plans to make a Final Investment Decision (FID) for the Duqm project by mid-2026, with construction to follow immediately thereafter. Commissioning of the facility is scheduled for mid-2029. 

Meranti’s focus will be on utilizing a Natural Gas/ Green Hydrogen mix in line with Oman’s Energy Transition Plan. Over time, Meranti will use up to 85% of Green Hydrogen in its process, reducing CO2 emissions per ton of steel to below 200kg. Discussions with potential green hydrogen suppliers are already underway. 

Meranti considers Oman to be the perfect location for this project due to its competitive energy resources, including cost-effective natural gas and a rapidly advancing green hydrogen ecosystem. The Duqm Special Economic Zone provides a robust infrastructure for the plant, with industrial land, deep-water port access, and efficient regulatory frameworks that enable fast-track development and global distribution. Oman’s location also facilitates cost-effective shipping to Meranti’s steel plant in Thailand and to European offtakers seeking low-emission HBI, reducing logistics costs and emissions. 

Meranti has secured the relevant conditional gas allocation from Oman’s Integrated Gas Company (IGC) and is engaging with international financing partners, including KfW IPEX. 

The Oman green iron project plays a pivotal role in Meranti’s integrated green steel value chain, supplying sustainable materials for the company’s Thailand steel plant and meeting the growing demand for HBI in Europe. The Oman project will help Meranti to achieve its goal to become a leader in green steel. 

As the project progresses, Meranti is dedicated to being an active partner in the local community in Oman. Beyond production, the company will focus on building lasting relationships with local stakeholders, including universities and technical colleges. Meranti aims to enhance its business while supporting the broader economic and social development of Oman. 

For further information, please contact Katie Aung, Senior Manager of Marketing and Public Relations of Meranti Green Steel at kaung@merantigreensteel.com  

About Meranti Green Steel  

Meranti Green Steel (MGS), headquartered in Singapore, is redefining the steel industry with a relentless commitment to sustainability, quality, and innovation. MGS is on track to produce Southeast Asia’s greenest certified steel, minimizing emissions while ensuring accessibility, commercial viability, and global compliance. By leveraging cutting-edge technology and strong partnerships, MGS is setting new industry benchmarks and pushing the limits of sustainable steel production.  

No legacy. No excuses. MGS is determined to drive real impact with industry-leading products, delivery, and service. On top of everything, safety remains the No. 1 priority and non-negotiable both for its team members and the communities it operates in. MGS isn’t just producing steel; it’s forging a sustainable future.