Posted on 15 Jun 2023
Singapore-headquartered Meranti Steel signed a memorandum of understanding on strategic cooperation on 14 June on renewable energy solutions for a new green steel plant in Thailand with Global Power Synergy Public Company Limited (GPSC).
The cooperation aims to establish renewable solutions including offsite solar & wind energy and a future green hydrogen supply chain for one of Southeast Asia's first green steel projects, the steelmaker reported on Wednesday.
Meranti plans to develop a DRI-EAF steelworks for flat products in Thailand, which would supply green hot rolled coil to domestic manufacturers and for export, founder and CEO Sebastian Langendorf told Kallanish in an exclusive interview in May (see Kallanish passim).
The project includes a DRI plant using natural gas, and would be ready for transition to use of green hydrogen when available. It also includes a carbon-dioxide separation system and aims to become fully carbon neutral over time. The DRI plant will feed an EAF, continuous caster, and hot strip mill with 2 million tonnes/year capacity.
Meranti Steel aims to operate the new plant in late 2027, using the latest technology, sustainable solutions, and an innovative energy concept, the plant is projected to reduce carbon emissions over time by up to 3 million tonnes annually, compared to traditional blast furnace technologies.
GPSC is a major power plant builder in Thailand, with major projects including thermal power plants, hydroelectric power plants and renewable energy power plants.
Source:Kallanish
