Emirates Steel Arkan (UAE) in partnership with Japan’s ITOCHU and JFE Steel is considering the possibility of building a plant for the production of direct reduced iron (DRI) products in Abu Dhabi. SteelOrbis reports about it.
Currently, a partnership agreement has been concluded between the companies. They will conduct a feasibility study for the creation of a raw materials steel hub to meet the growing needs for green steel.
ITOCHU will be responsible for supplying Abu Dhabi with high-grade iron ore through its network, which is expected to start in the second half of 2025. Emirates Steel Arkan will use it to produce raw materials including DRI or hot briquetted iron (HBI). It will be supplied to customers mainly from Asia, including JFE Steel. JFE will use this raw materials to produce steel, which will help reduce carbon emissions.
According to Saeed Ghumran Al Remeiti, CEO of Emirates Steel Arkan, the group’s carbon footprint is already significantly lower than many others in the world thanks to the use of natural gas and advanced DRI technologies.
As GMK Center reported earlier, the largest steel producer in Germany, ThyssenKrupp, will allocate €2 billion for the construction of a plant for the production of green steel at one of its German plants. A DRI unit at the Duisburg plant will be built as part of the decarbonization plan.
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