Turkey’s Tosyalı to build the world’s largest DRI production complex in Libya

Turkish steelmaker Tosyal Holding and the Libyan United Steel Company (SULB) have signed an agreement to build the world’s largest DRI complex in Benghazi, Libya. The company said in a statement.

Under the agreement, the parties established a new company, Tosyalı-SULB. The project it will implement involves a number of significant investments that will significantly contribute to the development of Libya’s industry, in particular the metallurgical sector.

The investment project will build the world’s largest DRI production complex with a total annual capacity of 8.1 million tons. The plants will be equipped with MIDREX Flexi DRI technology, which is also used at Tosyalı Algérie. Thanks to this technology, they will be able to operate using hydrogen.

As noted, investments in the first phase – an integrated steelmaking complex with a production capacity of 2.7 million tons per year – will begin immediately. The plant is expected to meet the hot briquetted iron (HBI) needs of the neighboring region and Europe for green steel production. When this investment is completed, Tosyalı will become the largest supplier of HBI in the international market, the company said in a statement.

Fouat Tosyalı, Chairman of the Board of Tosyalı Holding, noted that the company is expanding its investments in the Mediterranean coast of Africa, which it has identified as a priority investment region

“I firmly believe that we will pioneer the transformation of the Libyan steel industry into an ecosystem that meets the global needs of the industry, producing high quality, environmentally friendly, low carbon products using advanced technology, innovation and R&D at the integrated facility we will create,” said Fouat Tosyalı.

As GMK Center reported earlier, in late May, Algerian steelmaker Tosyali Algeria, a subsidiary of Turkey’s Tosyal Holding, commissioned a new flat-rolled steel plant based on an electric arc furnace with an annual capacity of 2.2 million tons.