Meranti Green Steel is progressing plans to develop a major green iron project in Oman, following meetings between company officials and representatives of the Integrated Gas Company (IGC) and Invest Oman in Thailand. The proposed project involves establishing a 2.5 mln tons per annum Hot Briquetted Iron (HBI) plant in the Special Economic Zone at Duqm (SEZAD).
The facility will initially be powered by a mix of natural gas and green hydrogen, with the hydrogen share expected to rise over time to reduce carbon emissions. Under Meranti’s decoupled production model, part of the low-carbon HBI output from Duqm will supply a planned green steel mill in Rayong, Thailand, while the rest will be exported to European buyers.
IGC, Oman’s state-owned gas aggregator under the Ministry of Finance, said discussions focused on gas allocation, operational readiness, and the project’s long-term development roadmap. The company noted that the engagement underscores its commitment to enhancing industrial gas reliability and supporting strategic, value-added projects aligned with Oman Vision 2040.
