Posted on 09 Jul 2025
Meranti Green Steel has made progress on its planned green iron project in Oman, with several key steps completed over the past quarter.
The Singapore-based company has signed a term sheet with its mining partner, securing a land reservation in Duqm and outlining a long-term supply agreement for iron ore, according to an official statement observed by Kallanish.
The company also confirms it has received conditional approval for natural gas allocation from Oman’s Integrated Gas Company (IGC), a key input for the project’s operations. Discussions are currently underway with prospective green hydrogen partners to support the project’s low-emission production ambitions.
In addition, Meranti has completed the registration of its local business entity in Oman, allowing it to formally operate in the country. The company plans to make its first local hires in the third quarter as it prepares to transition into the next phase of development.
The Oman Green Iron Project is part of a broader push to establish industrial operations in Duqm, a growing hub for energy and manufacturing on Oman’s eastern coast.
Meranti’s Oman project is one of two planned sources of hot-briquetted iron and direct reduced iron for its flagship green steel plants, which will be located in Thailand and Indonesia. In addition to Oman, the company plans to source iron units from Western Australia to supply its regional steelmaking operations. It also plans to serve emerging HBI demand from European offtakers.
Source:Kallanish
