Emirates Steel Arkan, AD Ports, ITOCHU and JFE Steel to develop low-carbon iron supply chain complex in UAE

Emirates Steel Arkan, AD Ports, ITOCHU and JFE Steel to develop low-carbon iron supply chain complex in UAE

July 24, 2023

Emirates Steel Arkan, AD Ports Group, ITOCHU Corporation and JFE Steel have signed a non-binding Memorandum of Understanding (MoU) to collaborate on activities related to the establishment of an integrated low-carbon iron supply chain complex in Abu Dhabi, UAE.

The complex aims to produce low-carbon emission raw materials for use in steelmaking; this would include materials such as Hot Briquetted Iron (HBI) and Low Carbon Emission Iron, further enabling Emirates Steel Arkan to capture and meet the growing demand for environmentally friendly steel products while strengthening the UAE’s sustainable industrial ecosystem.

AD Ports Group aims to be responsible for providing the land for a new plant in KEZAD Musaffah, as well as offering maritime/logistics services for the supply of Iron Ore to the new plant and the export of low-carbon emission raw materials around the world.

In particular, the new project is envisioned to be constructed over several phases and include pellet plants, direct reduction plants, smelter furnaces and other relevant infrastructure.

HE Engineer Saeed Ghumran Al Remeithi, Group CEO of Arkan and CEO of Emirates Steel, commented, “This project holds immense strategic importance to Abu Dhabi as it not only enhances our industrial capabilities but also demonstrates our commitment to fostering innovation, sustainability, and economic diversification. By leveraging the expertise and resources of our partners, we aim to create a world-class steel production complex that provides low-emission solutions to the global steel industry, further setting new standards in quality and environmental stewardship.”

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