Emirates Steel, the leading integrated steel mill in the Middle East, signed a “general designer” contract with Tata Consulting Engineers, Abu Dhabi, for its new fully automated first-of-its-kind hot-rolled coil (HRC) mill in the MENA region. The agreement aims to conduct a comprehensive evaluation and study all phases of the project, S&P Global Platts learned from a Emirates Steel statement.
The agreement, which lasts for 10 months, intends to evaluate and analyze all phases of the project, discuss logistics and environmental issues, define the state-of-the-art technical and solutions, and determine budgets and business cases, among others, the company said.
“A major developmental project, such as our new flat steel plant, necessitates having an accurate and intense study for all aspects of the project. This is extremely important for our growth plans which aim to promote our position as a leading integrated steel manufacturer across the MENA region and drive our vision to be among the top global steel producers,” said Saeed Ghumran Al Remeithi, CEO of Emirates Steel.
Emirates Steel recently announced its plans to construct its new flat steel products plant, expanding its wide-range high-quality products portfolio.
Upon completion, the new plant is set to boost Emirates Steel’s production capacity to exceed 5 million mt per year.
“Thanks to the latest technologies, the new plant will have the lowest carbon footprint in the region,” Emirates Steel noted.
Abu Dhabi National Energy Company PJSC (TAQA), one of the largest listed integrated utilities in the region, announced a partnership with Emirates Steel on Aug. 3, to develop a large-scale green hydrogen project enabling the first green steel produced in MENA region, as Platts has previously reported.
— Cenk Can
