Meranti Green Steel said its low-carbon iron project in Oman remains on track despite ongoing regional tensions, with no expected impact on delivery timelines.
CEO Sebastian Langendorf said commissioning is planned for mid-2029, with commercial operations targeted for early 2030, in line with existing offtake agreements, according to the local media reports.
The company is developing a 2.5 mln tons per year hot briquetted iron (HBI) plant at the Duqm Special Economic Zone, forming part of a broader model that separates ironmaking and steelmaking, with output aimed at export markets and downstream use in Asia.
A final investment decision (FID), initially expected around mid-2026, is now likely in Q3 2026 to allow international partners additional time to assess the evolving geopolitical situation.
Meranti said Oman continues to be viewed as a stable and neutral investment destination, supporting confidence among stakeholders. The project will be located within a planned low-carbon steel hub led by Vale and will source feedstock primarily from Vale’s pelletizing plant in Sohar.
The plant, located near the Port of Duqm, will utilize existing logistics infrastructure for raw material supply and product exports.
