According to the International Energy and Environment Foundation (IEEF), the MENA region is rapidly emerging as a global leader in sustainable steel production through significant investments in green technologies and renewable energy sources.
The Middle East and North Africa (MENA) region is rapidly transforming into a global leader in sustainable steel production, with numerous countries and companies investing heavily in green steel initiatives. As the world increasingly prioritizes environmental sustainability, the MENA region is at the forefront of this transition, showcasing its commitment to reducing carbon emissions in the steel industry.
In Mauritania, CWP Global is leading the charge with its GREEN HBI project. This initiative aims to produce high-quality Hot Briquetted Iron (HBI) using renewable energy sources, significantly reducing the carbon footprint associated with traditional steelmaking processes.
TOSYALI in Algeria is set to introduce 2.4 million tons of Direct Reduced Iron (DRI) and Electric Arc Furnace (EAF) technology. This advanced method not only enhances efficiency but also minimizes greenhouse gas emissions, positioning Algeria as a key player in sustainable steel production. Libya is witnessing a surge in green steel projects, with several companies contributing to the cause. The Libya Iron and Steel Company, along with DANIELI, are each planning to produce 2 million tons of DRI/HBI. Additionally, TOSYALI and SULB Company have ambitious plans to produce 8.1 million tons of DRI/HBI, with the first phase targeting 2.5 million tons of CDRI.
Saudi Arabia is emerging as a major hub for green steel production, with multiple companies investing in sustainable technologies. TOSYALI is set to produce 4 million tons of DRI-EAF, while Saudi Aramco and BAOSTEEL are each planning to produce 1.5 million tons of DRI-EAF. ESSAR is aiming for 4 million tons of DRI-EAF, and Vale is establishing a massive 12 million ton CBI Mega-hub, further solidifying Saudi Arabia's position as a leader in sustainable steel.
The United Arab Emirates is fostering collaboration among various companies to drive green steel production. EMSTEEL, ITOCHU, and JFE are each planning to produce 2.5 million tons of DRI/HBI, demonstrating a collective commitment to reducing the environmental impact of steel manufacturing.
Oman is leveraging strategic partnerships to advance its green steel agenda. Vulcan Green Steel, KOBELCO, MITSUI CO., and VALE are each planning to produce 5 million tons of DRI-EAF or DRI-HBI. Notably, VALE is establishing a 12.6 million ton Concentrate Mega-hub, underscoring Oman's dedication to sustainable steel production.
Impact and Future Outlook These investments and initiatives across the MENA region are expected to significantly reduce the carbon footprint of the steel industry, contributing to global efforts to combat climate change. By adopting advanced technologies like DRI-EAF and utilizing renewable energy sources, these projects will not only enhance the region's competitiveness but also promote sustainable development. Looking ahead, the MENA region is poised to play a crucial role in shaping the future of the global steel industry. As more countries and companies commit to sustainable practices, the region is set to become a model for green steel production, paving the way for a more environmentally friendly and economically viable future.
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