Sabah to get RM19bil green steel production plant
Kota Kinabalu: . Under the appropriately named “green steel project”, the plant will replace coke and coal with natural gas, and subsequently hydrogen in the future, as a reducing agent. The switch will see carbon emission drop by 70% initially and eventually by nearly 100%, according to Sabah Oil & Gas Development Corporation Sdn Bhd .The company has entered into a land lease agreement with Esteel Enterprise Sabah Sdn Bhd for the project at the Sabah oil and gas industrial park in Sipitang.
Under the agreement with SOGDC, Esteel will construct an integrated green steel plant on a 180ha site in the industrial park. Investment in the three-phase project is expected to top US$4.39 billion . Under the first phase are multiple facilities such as an iron concentration plant, pelletising plant, hot briquetted iron plant, as well as jetty and support facilities. This plant will eventually produce 2.5mtpy of HBI.
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