Meranti Green Steel (MGS) has inaugurated a new office in Muscat, marking a strategic step in its Middle East expansion and reinforcing its focus on supplying certified low-carbon hot briquetted iron (HBI) to global customers.
The Muscat office supports MGS’s split production model, under which ironmaking will take place in Oman while downstream steel production is handled by international partners. The approach aims to optimize costs, reduce carbon intensity, and enhance supply chain resilience, the company said.
The company’s HBI plant in the Special Economic Zone at Duqm will initially operate on a fuel mix of 11.5pct green hydrogen and 88.5pct natural gas. MGS is also working with Amnah, a green hydrogen consortium developing a project in Duqm, to secure a tailored hydrogen supply profile, according to the MGS CEO Dr. Sebastian Langendorf.
The first module of the Duqm plant, with a capacity of 2.5 mln tons per year, has already secured full offtake coverage under long-term agreements. Allocations include 1 mln tons per year to Thyssenkrupp Materials Trading, 250,000 tons per year to Interfer Edelstahl and Interfer Austria, with the remaining volumes designated for Glencore and Meranti’s planned steel facility in Rayong, Thailand.
The agreements, which include pricing frameworks and delivery terms, support the project’s commercial viability ahead of a final investment decision targeted for mid-2026. Commissioning of the first module is planned for mid-2029.
Meranti Green Steel is building of a 2.5 mln tons per annum HBI plant in the Special Economic Zone at Duqm (SEZAD), with commissioning targeted for mid-2029. The company has indicated plans for a potential second HBI module, which would double the total capacity to 5 mln tons per annum.
