Meranti Steel Is Developing A Green Steel Business Under Its Meranti Green Steel Brand

May 16, 2023

Singapore based Meranti Steel is developing a green steel business under its Meranti Green Steel brand. Meranti Steel is working on a modern, integrated DRI and EAF plant with continuous casting and hot strip mill in Thailand. Production will be for the Thailand’s flat steel market, and Meranti Steel is also eyeing targeted export opportunities for its future certified green steel products. The capacity of the plant is projected to be up to 2mt per annum of green HRC.

The project in Thailand is combined with the development of offsite renewable energy in cooperation with a renewable energy partner. The generation of renewable energy and the transitioning to a green hydrogen based iron reduction will allow the business to become fully carbon neutral over time, addressing the fast growing demand for green steel and helping customers along the flat steel supply chain to reduce their scope 3 emissions.

The combination with renewable energy will not only allow the business to produce sustainable steel but also to achieve a competitive market position. Meranti Steel is working in close cooperation with a large number of prospective execution partners, and it is currently exploring sites for the steel plant near the Map Ta Phut port on Thailand’s Eastern Seaboard to optimize inbound and outbound logistics. Discussions with potential strategic partners to support the financing of the project are ongoing, and Meranti Steel is also keen to include strong local ownership.

Production is planned to start in the second half of 2027, and Dr. Sebastian Langendorf, CEO of Meranti Steel, believes that the project will provide a significant contribution to strengthening Thailand’s domestic steel production, while delivering a modern and efficient upstream business with a certified green footprint.