Meranti founder and chief executive Sebastian Langendorf said the project will include a direct reduced iron (DRI) plant that will utilize natural gas and would be ready for transition to use of green hydrogen when available. The plant will also include a carbon-dioxide separation system, with the aim of carbon neutrality. The DRI plant will feed an electric arc furnace, continuous caster and hot strip mill.
 
The company is working with offsite renewable energy farms and a renewable energy partner, Lagendorf said. 
 
Production is planned to commence in 2027.
 
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