{"id":5398,"date":"2025-10-13T15:20:00","date_gmt":"2025-10-13T11:20:00","guid":{"rendered":"https:\/\/omanet.om\/en\/news\/economy\/oman-green-iron-project-discussed\/"},"modified":"2025-10-13T20:21:30","modified_gmt":"2025-10-13T16:21:30","slug":"oman-green-iron-project-discussed","status":"publish","type":"post","link":"https:\/\/omanet.om\/en\/news\/economy\/oman-green-iron-project-discussed\/","title":{"rendered":"New Green Iron Project in Oman: What It Means for Investors and Business Growth Opportunities"},"content":{"rendered":"<style>\r\n@keyframes hitv3sog-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitv3sog-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OMAN OFFER<\/span><\/div>\r\n    <div class=\"hitv3sogh\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.15s;\">Websites For <span style=\"color:#dc2626;\">Omani Businesses.<\/span><\/div>\r\n    <div class=\"hitv3sogs\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.3s;\">Empower your brand with custom digital solutions designed for high conversion and market dominance.<\/div>\r\n    <div class=\"hitv3sogbl\"><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Responsive designs built for growth<\/span><\/div><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Fast loading with smart automation<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitv3sogct\">\r\n    <button class=\"hitv3sogbtn\" style=\"animation:hitv3sog-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Build Your Free Website <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitv3sogbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div>\n<p>MUSCAT: Oman is under consideration, alongside India, as a potential site for a groundbreaking low-carbon green iron production project that will utilise green hydrogen expected to be locally produced from 2030. The project is being evaluated by ACME Group, a leading Indian renewable energy and green ammonia developer.<\/p>\n<p>A wholly owned subsidiary of ACME Group is currently advancing the first phase of a significant green hydrogen and green ammonia initiative within the Special Economic Zone at Duqm (SEZAD) in southeastern Oman. Concurrently, ACME is developing a similar green hydrogen project in Odisha, eastern India, which is also a contender for the green iron investment.<\/p>\n<p>Should Oman be chosen, this investment will bolster the Sultanate\u2019s position as a global hub for green iron and steel production. The proposed greenfield project aims to produce approximately 1.2 million tonnes per annum (Mtpa) of Direct Reduced Iron (DRI), a low-carbon raw material for steel manufacturing.<\/p>\n<p>Oman\u2019s Duqm SEZ is already attracting major low-carbon iron and steel ventures. Notably, Jindal Duqm Steel (formerly Vulcan Green Steel) is investing $3 billion in a 5 Mtpa green hydrogen-ready steel plant. Additionally, Brazilian mining giant Vale is planning a Mega Hub industrial complex to manufacture Hot Briquetted Iron (HBI) and other low-carbon iron products using green hydrogen and renewable energy.<\/p>\n<p>Previously, Kobe Steel and Mitsui &#038; Co signed memoranda of understanding (MoUs) with Omani authorities for a low-CO\u2082 iron metallics project at Al Duqm. More recently, Thailand-based Meranti Green Steel announced plans for a 2.5 Mtpa HBI facility in Phase 1 at the same location.<\/p>\n<p>Further supporting Oman\u2019s green iron ambitions is a recently signed binding term-sheet agreement between ACME Group and Stavian Industrial Metal, part of a major Vietnamese business conglomerate. This agreement secures the long-term sale and purchase of 0.8 Mtpa of green iron feedstock (HBI and DRI) for ten years on a take-or-pay \/ supply-or-pay basis.<\/p>\n<p>ACME has announced that this term sheet will be followed by an offtake agreement for low-carbon feedstock supply from a greenfield, low-emission, renewable, and hydrogen-ready facility currently in planning stages.<\/p>\n<p>Manoj Kumar Upadhyay, Chairman of ACME Group, commented, \u201cOur green HBI and DRI project highlights ACME\u2019s strong leadership in clean technology solutions in India. We are proud to drive innovation in the clean energy sector, including green hydrogen and its derivatives. Partnering with Stavian Industrial Metal enables us to deliver sustainable solutions to challenging sectors like steel manufacturing. Our greenfield plant will produce some of the lowest-carbon-emission green HBI and DRI products. This marks a major milestone in integrating green steel into ACME\u2019s strategic growth.\u201d<\/p>\n<p>David Nguyen Minh Tu, Chairman of Stavian Industrial Metal, added, \u201cOur partnership with ACME goes beyond a commercial deal; it reflects our shared commitment to achieving Net Zero targets\u2014by 2050 for Vietnam and 2070 for India. With strong financial backing and a network of over 20,000 clients across more than 100 countries, Stavian Industrial Metal is dedicated to collaborating with global partners to foster a sustainable and greener steel industry for the future of Vietnam, India, and the world.\u201d<\/p>\n<p><style>\r\n@keyframes hitl8gak-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes hitl8gak-shimmer{0%,100%{opacity:0.3;transform:scaleX(0.4)}50%{opacity:1;transform:scaleX(1)}}\r\n@keyframes hitl8gak-glow{0%,100%{opacity:0.6}50%{opacity:1}}\r\n@keyframes 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitl8gak-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OFFER<\/span><\/div>\r\n    <div class=\"hitl8gakh\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.15s;\">Your Website <span style=\"color:#dc2626;\">Should Sell.<\/span><\/div>\r\n    <div class=\"hitl8gaks\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.3s;\">Custom-built websites with smart automation & AI-powered features.<\/div>\r\n    <div class=\"hitl8gakbl\"><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>SEO-optimized & lightning fast<\/span><\/div><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Smart features built for your business<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitl8gakct\">\r\n    <button class=\"hitl8gakbtn\" style=\"animation:hitl8gak-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Get Free Consultation <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitl8gakbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div><br \/>\n<\/p>\n<p>Special Analysis by Omanet | Navigate Oman&#8217;s Market<\/p>\n<p>Oman&#8217;s consideration as a hub for green iron production alongside India highlights <strong>a strategic shift towards low-carbon industrialization<\/strong>, positioning the Sultanate as a leader in sustainable steel manufacturing. This creates <strong>significant opportunities for businesses to tap into global green energy supply chains<\/strong> and for investors to capitalize on emerging clean tech infrastructure and long-term partnerships. Smart entrepreneurs should focus on leveraging Oman&#8217;s renewable energy potential and strategic collaborations to drive innovation and secure competitive advantages in the evolving green steel market.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oman and India are contenders for a low-carbon green iron production project using locally produced green hydrogen by 2030. ACME Group is developing this in Oman&#8217;s Duqm SEZ, aiming for 1.2 Mtpa of Direct Reduced Iron. The project boosts Oman&#8217;s role as a green steel hub.<\/p>\n","protected":false},"author":5,"featured_media":5399,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[482],"tags":[261,2406,2407],"class_list":["post-5398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-green-hydrogen","tag-low-carbon-iron","tag-oman-steel-industry"],"jetpack_featured_media_url":"https:\/\/omanet.om\/wp-content\/uploads\/2025\/10\/3157769.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/5398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/comments?post=5398"}],"version-history":[{"count":1,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/5398\/revisions"}],"predecessor-version":[{"id":5400,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/5398\/revisions\/5400"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media\/5399"}],"wp:attachment":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media?parent=5398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/categories?post=5398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/tags?post=5398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}