Meranti Steel Pte. Ltd., based in Singapore, takes another significant step towards its new green steel project in Thailand as it establishes strategic cooperation with BIG. The collaboration aims to provide essential sustainable solutions, including potential low carbon Nitrogen and Oxygen supply, and to collaborate on a future Green Hydrogen supply chain, supporting one of the first green steel initiatives in the ASEAN region.
The Memorandum of Understanding (MoU) signed recently solidifies the partnership between BIG and Meranti Steel, underscoring their shared commitments to reduce emissions in industrial production. Present at the signing ceremony were Mr. Piyabut Charuphen, Managing Director of BIG, and Dr. Sebastian Langendorf, CEO of Meranti Steel.
Scheduled to commence operations in late 2027, Meranti’s new green steel plant represents a significant advancement in reducing carbon dioxide emissions. Leveraging state-of-the-art technology, sustainable solutions, and an innovative energy concept, the plant is projected to achieve annual carbon emission reductions of up to 3 million tonnes compared to traditional blast furnace technologies.
Meranti’s green steel project exemplifies the commitment of countries such as Singapore and Thailand to lead the sustainable transformation of the iron and steel industry, which currently accounts for over 7% of global carbon dioxide emissions.