According to CEO Dr. Sebastian Langendorf, Singapore-based steel company Meranti Green Steel plans to promote its Duqm HBI project in Oman through a phased energy transition model, initially combining green hydrogen and natural gas.
According to Meranti Green Steel, the first phase of the project will operate with a fuel mixture consisting of 11.5% green hydrogen and 88.5% natural gas. The company said that the proportion of hydrogen is expected to increase over time in line with Oman's broader energy transition strategy. Sebastian Langendorff, CEO of Meranti Green Steel, said the company aims to introduce green hydrogen "as soon as it is available", subject to technical, environmental and commercial conditions. He added: "We are not just waiting for the appearance of green hydrogen, we want to actively promote its availability."
According to Meranti Green Steel, the project involves the development of a hot briquetted iron (HBI) plant with a capacity of 2.5 million tons per year in the Special Economic Zone in Dukma (SEZAD) in Oman. The final investment decision is expected by mid-2026, and the facility is scheduled to be commissioned in mid-2029.
According to the company, the project is currently being funded at the corporate level by Meranti. However, a special financing structure is being prepared for the Oman project, including both international and local funding sources. In addition, the CEO acknowledged that
