Singapore-based Meranti Steel has signed a cooperation agreement with Italian company Danieli, which ranks among the world’s top three manufacturers of plants and machines for the metals industry, to set up a new green steel project in Thailand under the Meranti Green Steel brand.
Meranti Steel has a particular focus on premium flat steel products and sustainable production. The cooperation agreement with Danieli aims to develop a modern Direct Reduced Iron (DRI) based plant to produce Green Steel hot-rolled coils, making use of renewable energy solutions, including solar and wind energy and hydrogen.
Meranti’s new green steel plant will feature an Energiron direct reduction plant with technology jointly developed by Tenova and Danieli, ready for a transition to 90% hydrogen; a Danieli Digimelter melting unit featuring a Q-One power feeder capable of processing green energy; and a Danieli QSP-DUE thin-slab casting and rolling line for full flexibility in terms of strip width, thickness, and steel grades.
Importantly, Danieli has a major workshop in Rayong, Thailand, which allows for local manufacturing.
Meranti’s new green steel plant is expected to strengthen Thailand’s domestic steel production and exemplifies the commitment of countries such as Singapore and Thailand to lead the sustainable transformation of the iron and steel industry.