China and Iran signed a contract to build South America's first gas regeneration plant

A Chinese investor and the Iranian company MME have signed a contract to build South America's inaugural gas direct regeneration plant. Owned by MME, pered technology is integral to this project, which boasts an annual sponge iron production capacity of one million tons. In Peru, MMA, also an Iranian company, is constructing a steel factory with its distinctive technology. The furnace, a crucial component of this factory's direct regeneration process, has been meticulously designed by MMA, with key equipment to be manufactured in Iran and shipped to Peru.