The company confirmed that all 2.5 million tons per year of Module 1 capacity at its new metallurgical plant in the Duqm Special Economic Zone has been distributed in accordance with long-term agreements with four strategic partners.
Distribution between traders and industrial buyers
Under the agreements, Thyssenkrupp Materials Trading will receive 1 million tons per year, while INTERFER Edelstahl and INTERFER Austria will jointly receive 250,000 tons per year. The remaining volumes will be supplied to Glencore and Meranti's own steel mill in Rayong, Thailand, to support the ramp-up of green hot-rolled coil production.
Geographically, Thyssenkrupp Materials Trading will focus on shipments to Germany, Belgium and the Netherlands, INTERFER will serve Italy and Austria, and Glencore will sell volumes to other countries.
Oman is positioned as a low-carbon iron-containing concentrator
Green HBI Meranti will be produced in Oman using natural gas combined with a proportion of green hydrogen, which will lead to the creation of a transportable low-carbon iron-containing unit suitable for the production of steel in electric arc furnaces.
The company highlighted Oman's competitive electricity costs, access to renewable energy, local processing capabilities, and a supportive regulatory framework as key
