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On November 27, Meranti Green Steel announced that it had secured at least 60% of the purchase agreements for hot-rolled coils produced at its planned green steel plant. B27R095-LM oriented electrical steel, The company, which is developing a 2.5 million-ton-per-year green steel plant in Rayong Province, Thailand, stated that its Marketing and Public Relations Director has reached agreements with nine purchasing partners for over 1.5 million tons per year of hot-rolled coils.
The director stated, "We remain open to collaboration and look forward to working with partners committed to accelerating the decarbonization process in the steel industry." B27R095-LM oriented electrical steel, It is understood that Kingspan, a professional thermal insulation solutions company, recently entered into a procurement agreement with Meranti. According to a memorandum of understanding signed on October 27, Meranti will supply green steel to Kingspan's production base in Vietnam.
According to Mysteel, Meranti expects to break ground on its Thai steel plant by the end of 2026, with production planned to begin by the end of 2029. B27R095-LM oriented electrical steel, The plant will be equipped with electric arc furnace facilities, using raw materials including scrap steel and hot-pressed iron produced from a mixture of green hydrogen and natural gas from the Oman Green Iron project. The company is also developing a renewable energy mix to power the Thai steel plant.
