Jindal Shadeed to set up $3 billion plant in Oman to produce green steel – The National

  • Date: 05-Dec-2022
  • Source: The National
  • Sector:Industrial
  • Country:Oman
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Jindal Shadeed to set up $3 billion plant in Oman to produce green steel – The National

Oman's Jindal Shadeed Group will invest more than $3 billion to set up a green steel plant in a special economic zone in the southern port city of Duqm.

The company has the necessary approvals to secure the land for a green hydrogen-ready steel project, which can process 5 million tonnes of steel a year, it said in a statement on Sunday.

The plant will supply steel products to companies in the automotive, wind energy and consumer durables sectors.