Turkish Tosyali to create integration of iron and steel plant in Angola

The steel producer will cooperate with the state oil company Sonangol

Turkish steel producer Tosyali Holding announced that it will cooperate with Angola’s sovereign naphtha company Sonangol to create an integrated steel plant. Gazete Anadolu reports about this.

As part of this partnership, Tosyali’s subsidiary in Angola (Tosyalı Iron&Steel Angola) will renew the operation of the mines in the Cassinga region, which contains the largest reserves of this ore in Angola, and create a steel plant in at the Sacomar terminal in Mokamedeshi, on the day of entry from the capital of the region.

The construction of the new metallurgical plant is planned to be completed by 2027. The integration of the industrial complex will be implemented. A project to directly benefit the wider development of the local economy, laying routes for industrial investment in Angola in other sectors outside of oil and natural gas.

Tosyal Holding and the Libyan United Metallurgical Company (SULB) have signed an agreement to build the world’s largest DRI complex in Benghazi (Libya). As part of the investment project, the world’s largest complex will be produced from the production of DRI from coal rivers with a capacity of 8.1 million tons. The plants will be equipped with MIDREX Flexi DRI technology, which is also being developed at the Tosyal plant. Algérie. Some of these stink technologies can be used to produce water from vicors.

As GMK Center reported earlier, Tosyali Holding was informed that they plan to invest $1.5-2 billion in the global expansion that is fueling Africa and Saudi Arabia, as well as potential acquisitions and partnerships in Europe and that of America.