Tosyali and SULB to Build Green Steel Plant in Libya with Hydrogen Technology
Key Ideas
- Tosyali and SULB are collaborating to construct a large Direct Reduced Iron (DRI) plant in Benghazi, Libya, with an initial capacity of 2.7 million tonnes and a total capacity of 8.1 million tonnes.
- The plant will utilize advanced MIDREX Flexi DRI technology, allowing it to operate using hydrogen, contributing to the production of high-quality green steel with low carbon emissions.
- The steel industry's focus on reducing carbon emissions is driving the growth of DRI production, with projections indicating a significant increase in DRI's share in metallics by 2050.
- Investments in green steel production, like the Boden plant in Sweden, signify a global shift towards sustainable steelmaking, with green hydrogen and iron production playing a key role in the industry's future.
Tosyali, a green steel producer, has partnered with Libya United Steel Company for Iron and Steel Industry (SULB) to establish a massive Direct Reduced Iron (DRI) plant in Benghazi, Libya. The plant, with an initial capacity of 2.7 million tonnes and a total capacity of 8.1 million tonnes, aims to produce high-quality green steel products with low carbon emissions by leveraging advanced technology. Equipped with MIDREX Flexi DRI technology, the facility will operate using hydrogen, contributing to the global transition towards sustainable steel production. The collaboration is viewed as a significant step towards Libya's industrialization and is expected to strengthen the bilateral relations between Libya and Turkey. The steel industry's shift towards reducing carbon emissions is highlighted, with DRI production projected to increase substantially in the coming decades. Additionally, investments in green steel production, such as the Boden plant in Sweden, demonstrate a growing global trend towards sustainable steelmaking practices. Overall, the partnership between Tosyali and SULB signifies a positive advancement in the steel industry towards environmentally friendly and innovative production methods.
Topics
Green Hydrogen
Renewable Energy
Investment
Economic Development
Technology Innovation
Steel Industry
Green Steel
Bilateral Relations
DRI Technology
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