Under the new agreement, Meranti Green Steel will supply green steel raw materials to Kingspan enterprises in the Asia-Pacific region, supplied from a new electric arc furnace on the east coast of Thailand. Construction of this facility is expected to begin by the end of 2026 and be completed by the end of 2029. As part of this partnership, Meranti Green Steel intends to supply 7-8 million tons of green steel annually through strategic hubs in Thailand and Oman, with potential future expansion to Indonesia, Western Australia and other countries in the Asia-Pacific region.
Low-carbon production path
Green steel will be produced from scrap and hot briquetted iron made using a hybrid fuel mixture of green hydrogen and natural gas at the MGS plant in Oman. The material will then be melted and processed in Thailand's electric arc furnaces, creating a fully traceable, low-emission supply chain.
By 2045, Meranti Green Steel aims to reduce the carbon intensity of steel by up to 90 percent. This reduction is consistent with international climate goals and strengthens the region's circular green economy model.
"Decarbonization cannot happen in isolation – it requires global collaboration," said Mark Broderick, Purchasing Department
