Meranti Green Steel is spearheading green steel development in Asia-Pacific.
Read the full case study on our Build Clean Now campaign website
Bright Spot | Meranti Green Steel
Meranti Green Steel is spearheading green steel development in Asia-Pacific.
Read the full case study on our Build Clean Now campaign website
Bright Spot | Meranti Green Steel
As the first cross-border green steel initiative in Asia-Pacific (APAC), Meranti Green Steel is pioneering a new industrial model that decouples ironmaking and steelmaking across Oman and Thailand. This innovative approach enables Meranti to leverage regional advantages in energy sourcing and market access, positioning the company at the forefront of the clean steel transition.
The project responds to growing demand from automotive and manufacturing sectors for low-carbon steel, as well as tightening climate policies such as the U’s Carbon Border Adjustment Mechanism (CBAM). Meranti’s business model is built on producing ot Briquetted Iron ( BI) in Oman using natural gas and 25% green hydrogen, with a clear roadmap to full transition to green hydrogen over time. Besides exports mainly to Europe, the HBI, a transportable form of reduced iron, will feed a newly built Electric Arc Furnace (EAF) in Thailand powered by 100% renewable electricity, alongside recycled steel scrap.
Local OEM demand combined with global policies provide the basis for a strong market for low-carbon steel, also in South East Asia. Given competitive HBI production costs, we believe our integrated approach can boost clean steel value chains in the region.
Meranti Green Steel
Read the full case study on our Build Clean Now campaign website
Bright Spot | Meranti Green Steel
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With thanks to Meranti Green Steel for the images shown. © Meranti Green Steel
Mission Possible Partnership | MPP
Mission Possible Partnership (MPP) is an independent non-profit organisation advancing global clean industry transformation. Since 2019, we have been working with some of the most energy-intensive industries: aluminium, aviation, cement, chemicals, shipping and steel, to cut their nearly 25% of global GHG emissions. ​
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We mobilise business, finance, government and civil society leaders to speed up the shift to clean materials, chemicals and fuels. Having charted sectoral pathways to net-zero, we continue to forge new territory, lifting the barriers to enable a critical mass of clean industrial projects to break ground by 2030.
Industrial Transition Accelerator | ITA
The ITA is a global multi-stakeholder platform -managed by Mission Possible Partnership – to fast-track decarbonisation across heavy-emitting industry and transport sectors. Â It aims to significantly grow the pipeline of commercial-scale, clean industrial projects to reduce emissions by 2030.
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Build Clean Now is a global campaign bringing together governments, companies and finance to accelerate the pace at which clean industrial projects are financed and built, year-on-year. It is led by the Industrial Transition Accelerator (ITA) and Mission Possible Partnership (MPP).
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