Singapore-based Meranti Green Steel has made further progress on its green iron project in Duqm, Oman, as part of its broader strategy to establish a sustainable steel value chain across the Asia-Pacific region.
In a recent statement, the company confirmed it has received a conditional natural gas allocation from Oman’s Integrated Gas Company (IGC), the country’s sole aggregator and supplier of natural gas. With the project site confirmed and gas supply secured, Meranti stated that “the foundation for our green iron production in Duqm is now established.” However, the company did not disclose project capacity details at this stage.
Meranti also noted ongoing discussions with several potential green hydrogen partners, as well as active engagement with financing institutions, including KfW IPEX-Bank.
The Duqm facility is expected to play a key role in Meranti’s green steel strategy, supplying low-emission feedstock to its upcoming steel plant in Thailand and meeting growing demand for Hot Briquetted Iron (HBI) from European buyers.
The Thailand plant will feature an integrated 2.5 mln tons per year Direct Reduced Iron (DRI) and Electric Arc Furnace (EAF) facility, along with continuous casting and a hot strip mill. Production is scheduled to begin in the second half of 2027.
