📋 Tender Overview
Scope of Work:
Construction of Vulcan Green Steel Plant in Duqm.
Description:
This project aligns with Oman's commitment to reaching Net Zero Emissions by 2050 and positions the country as a trailblazer in green steel production. Scheduled for completion by 2026, the mega green steel project in the Special Economic Zone at Duqm (SEZAD) will establish a six million metric tons per annum (6 MTPA) green hydrogen-ready steel plant. This project is estimated to achieve an astounding 12 million tonnes per annum CO2 savings, making a significant positive impact on global emissions reduction. The project represents a marquee initiative in the fight against climate change and marks a new era of large-scale green steel production. Powered entirely by renewable energy and green hydrogen, it is set to become one of the largest green steel investments in the Gulf Co-operation Council (GCC) countries, generating anticipation and excitement worldwide.
The Green Steel project, to be carried out by Vulcan Green Steel and Jindal Shadeed Iron & Steel in Duqm with investments exceeding 1.3 Billion Omani Rials, represents a pioneering step in Oman's journey to become a global hub for green industries. These industries will benefit from green hydrogen and renewable energy projects. The project will mark the beginning of large-scale industrial projects that will solidify Oman's presence on the world map as an attractive destination for foreign direct investments in this promising sector and its role in providing meaningful employment opportunities for national talent. At its core, this ground-breaking initiative supports international efforts to combat climate change by harnessing the power of green hydrogen. By utilising this innovative technology, the project significantly reduces the carbon footprint inherent in steel production, making it an irresistible choice for environmentally conscious industries worldwide. Unlike conventional methods of transporting green hydrogen in the form of green ammonia with minimal value addition, this project will process green hydrogen within Oman to do value addition and make green steel. This strategic approach encourages the creation and development of a robust green hydrogen ecosystem within the nation. Furthermore, by focusing on in-country value addition, the project takes significant strides in reducing transportation-related carbon emissions while simultaneously supporting the growth of green technology and steelmaking expertise within Oman. This commitment to sustainability and the utilisation of renewable resources serves as a powerful testament to Oman's dedication to becoming a global leader in environmentally responsible practices.
