The company plans to make a final investment decision by mid-2026, and construction will begin shortly thereafter. The facility is scheduled to be commissioned in mid-2029.
Switching to green hydrogen in iron production
Under Oman's Energy Transition Plan, Meranti will initially use a mixture of natural gas and green hydrogen to integrate up to 85 percent green hydrogen into its process. This will reduce carbon emissions per ton of steel to below 200 kg, which is an important step towards sustainable steel production.
Meranti highlights Oman's competitive energy resources, such as low-cost natural gas and a growing green hydrogen ecosystem, as key reasons for choosing the country.
The Duqm Special Economic Zone provides ready-made industrial lands, access to a deepwater port, an orderly regulatory framework, and proximity to key markets in Thailand and Europe. This strategic location will help reduce both logistics costs and emissions.
Strengthening green steel value chains
The facility in Oman will serve as an important link in
