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
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.