{"id":6513,"date":"2025-11-20T15:54:00","date_gmt":"2025-11-20T11:54:00","guid":{"rendered":"https:\/\/omanet.om\/en\/news\/economy\/oman-green-iron-offtake-backed\/"},"modified":"2025-11-20T22:30:38","modified_gmt":"2025-11-20T18:30:38","slug":"oman-green-iron-offtake-backed","status":"publish","type":"post","link":"https:\/\/omanet.om\/en\/news\/economy\/oman-green-iron-offtake-backed\/","title":{"rendered":"Oman Green Iron Project Secures Full Offtake Backing: What This Means for Investors and Business Growth in Oman"},"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 hitv3sog-shimmer{0%,100%{opacity:0.3;transform:scaleX(0.4)}50%{opacity:1;transform:scaleX(1)}}\r\n@keyframes hitv3sog-glow{0%,100%{opacity:0.6}50%{opacity:1}}\r\n@keyframes hitv3sog-badge{from{opacity:0;transform:scale(0.8)}to{opacity:1;transform:scale(1)}}\r\n<\/style><style>\r\n.hitv3sogw{container-type:inline-size;width:100%;max-width:970px;margin:0 auto;box-sizing:border-box}\r\n.hitv3soga{display:flex;flex-direction:row;align-items:center;justify-content:space-between;width:100%;box-sizing:border-box;text-decoration:none;color:#fff;font-family:-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,system-ui,sans-serif;position:relative;overflow:hidden;cursor:pointer;background:linear-gradient(135deg,#111118 0%,#080808 100%);border:1.5px solid rgba(255,255,255,0.08);border-radius:14px;gap:20px;padding:20px 40px;transition:border-color .2s}\r\n.hitv3soga:hover{border-color:#dc262688}\r\n.hitv3sogg1{position:absolute;inset:0;background:radial-gradient(ellipse at 50% 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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, NOV 20 \u2014 In a major development for Oman\u2019s growing green steel sector, Singapore-based Meranti Green Steel has secured commitments for the entire output of its forthcoming Hot Briquetted Iron (HBI) production. HBI, a critical raw material for steel manufacturing, will be produced at Meranti\u2019s planned facility in Duqm, Oman.<\/p>\n<p>Meranti announced that it has signed preliminary, non-binding offtake term sheets covering 2.5 million tons per annum (Mtpa) of HBI from the project\u2019s first phase, with agreements also in place for a potential second phase that could double this volume. The company\u2019s Founder and CEO, Sebastian Langendorf, shared this update during the Fastmarkets Middle East Iron &#038; Steel Conference in the UAE.<\/p>\n<p>The initial phase will see the establishment of a 2.5 Mtpa HBI plant within the Special Economic Zone at Duqm (SEZAD). This plant will use a carefully balanced combination of natural gas and green hydrogen, with plans to gradually increase hydrogen use to reduce carbon emissions. Part of the HBI output will supply Meranti\u2019s upcoming green steel facility in Rayong, Thailand, while some will be offered to UK steel producers seeking low-carbon feedstock.<\/p>\n<p>Meranti intends to reach a Final Investment Decision (FID) by mid-2026, aiming for commissioning by mid-2029. Langendorf emphasized that the offtake agreements signal a turning point for green HBI: \u201cGreen HBI is no longer just an idea. It is becoming a bankable, merchant input for green steelmaking.\u201d He added that without dependable, competitively priced low-emission iron feedstock, the steel industry\u2019s decarbonization will falter. Meranti\u2019s cross-border model links green HBI production in Oman with green steel manufacturers, including its own plant in Thailand, all designed for reduced emissions and cost efficiency from the start.<\/p>\n<p>This announcement positively impacts the broader green iron and steel ambitions at Duqm SEZ, where various projects anticipate leveraging green hydrogen availability starting around 2030. Notably, Brazilian mining giant Vale plans an integrated complex to produce HBI and other low-carbon iron products using green hydrogen and clean energy. Similarly, Kobe Steel and Mitsui &#038; Co. have signed MoUs with Omani authorities to develop a low-CO\u2082 iron project in Duqm.<\/p>\n<p>Additionally, India\u2019s ACME Group, which is developing a green ammonia facility at Duqm SEZ, is considering Oman for a 1.2 Mtpa direct reduced iron (DRI) plant fueled by green hydrogen. ACME has also signed a binding term sheet with Stavian Industrial Metal, a Vietnam-based group, securing the long-term sale and purchase of 0.8 Mtpa of green iron feedstock, including HBI and DRI, on a take-or-pay basis for ten years.<\/p>\n<p>Oman\u2019s strategic goal is to establish Duqm SEZ as a leading green industrial hub, using locally produced green hydrogen to attract energy-intensive, hard-to-abate industries such as green steel and iron, green aluminium, chemicals, fertilisers (including green ammonia), and advanced manufacturing reliant on low-carbon metals. These industries are expected to form a strong cluster in Duqm as green hydrogen and renewable energy become widely available.<\/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 hitl8gak-badge{from{opacity:0;transform:scale(0.8)}to{opacity:1;transform:scale(1)}}\r\n<\/style><style>\r\n.hitl8gakw{container-type:inline-size;width:100%;max-width:970px;margin:0 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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 strategic push into green steel via the Duqm SEZ, backed by major international investors like Meranti Green Steel, signals <strong>a transformative opportunity for the Sultanate to become a key player in low-carbon industrial production<\/strong>. Businesses and investors should watch for growth in <strong>green hydrogen infrastructure and associated industries<\/strong>, positioning Oman as a competitive hub for sustainable, energy-intensive sectors. <strong>Smart investors must consider the long-term potential of green steel and related supply chains as decarbonization efforts accelerate globally<\/strong>.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Singapore-based Meranti Green Steel has secured offtake commitments for 2.5 million tons per year of Hot Briquetted Iron (HBI) from its future low-carbon iron plant in Duqm, Oman, with plans for a second phase. The project will use green hydrogen to reduce emissions, aiming for commissioning by 2029.<\/p>\n","protected":false},"author":5,"featured_media":6514,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[482],"tags":[261,1256,2406],"class_list":["post-6513","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-green-hydrogen","tag-green-steel","tag-low-carbon-iron"],"jetpack_featured_media_url":"https:\/\/omanet.om\/wp-content\/uploads\/2025\/11\/3198547.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/6513","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=6513"}],"version-history":[{"count":1,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/6513\/revisions"}],"predecessor-version":[{"id":6515,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/6513\/revisions\/6515"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media\/6514"}],"wp:attachment":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media?parent=6513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/categories?post=6513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/tags?post=6513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}