Singapore - Singapore steel company Meranti Green Steel has announced the signing of an agreement with a long-term strategic investor to accelerate the development of its green iron project in Oman.
The investment is expected to advance the project towards a final investment decision (FID), which is currently scheduled for mid-2026.
Investments strengthen the financing structure проекта
According to the data, the Company, having secured institutional support at this stage, strengthens the financial structure of the project and helps position it as a globally competitive low-carbon industrial center. The move is also expected to attract additional strategic partners and long-term funding to support the development of the project and future operations.
Louis Kay, Chief Financial Officer of Meranti Green Steel, said that coordination between long-term investors and the company's development opportunities will facilitate the next stage of the project. He noted that the new partnership enhances the project's ability to secure additional capital and strategic cooperation.
Engineering and infrastructure works продолжаются
In the coming months, the company plans to complete engineering and commercial studies before the FID, taking into account prevailing market conditions.
Meranti Green Steel will also continue negotiations with technology suppliers, while advancing site planning and infrastructure development to prepare the project for implementation. realization. The Green Iron Initiative aims to support sustainable industrial development and contribute to Oman's broader energy transition strategy
.
There are no comments yet.