Namibia-based steel producer Hyiron, in collaboration with the Government of Namibia and Toyota Tsusho Corporation of Japan, has signed a memorandum of understanding (MOU) to promote the development of a sustainable clean and green steel chain in Africa. The partnership highlights Africa's growing role in global decarbonization and green industrialization efforts.
focuses on the production of zero-grade steel
Under Memol, the partners will work together to establish a zero-emission green steel chain, using iron reduced by hydrogen as a key technology to replace carbon. This initiative aims to accelerate carbon neutrality and set new benchmarks in sustainable steel production.
Feasibility study and infrastructure development
The agreement also includes a joint study on the expansion of green iron production capacity in Namibia. In addition to manufacturing, the partnership will explore the creation of special economic zones and the development of critical infrastructure to support the developing industry.
Strategic importance
, combining Hyiron's expertise in hydrogen processes, Toyota Tsusho Global Industrial Networks, as well as economic needs and economies. Industrialization.
