Foundation stone for integrated green hydrogen steel factory laid in Duqm

  • Date: 27-Nov-2023
  • Source: Times of Oman
  • Sector:Oil & Gas
  • Country:Oman
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Foundation stone for integrated green hydrogen steel factory laid in Duqm

Duqm: Vulcan Green Steel, a part of Jindal Steel Group, is set to make history in the global steel industry by building the world's largest green hydrogen ready steel plant in the Special Economic Zone at Duqm (SEZAD), Oman. The groundbreaking ceremony, combined with a symbolic planting of an 'Eternal Green Tree', took place in Duqm, SEZAD, on Monday, in the presence of Dr. Ali bin Masoud Al Sunaidy, the Chairman of the Public Authority for Special Economic Zones and Free Zones (OPAZ). Also present were Naveen Jindal, Chairman Jindal Group and Venkatesh Jindal, Vice Chairman Vulcan Green Steel, dignitaries, representatives from the government institutions, leaders from the private sector, and executive teams from Vulcan Green Steel and the Jindal Group in Oman. This new chapter in Oman's industrial development commenced with Vulcan Green Steel's (VGS) 'Green Pledge' for erecting a multi-phased steel mill in Duqm and the project is fully aligned with the target of reaching Net Zero by 2050, set by His Majesty Sultan Haitham bin Tarik, and it positions the country as a trailblazer in green steel production as per Oman Vision 2040. Venkatesh Jindal said: "Oman, with its optimal conditions for green energy production, stands as