Mauritania's Ambitious Plan: Doubling Iron Ore Production and Leading in Green Steel
Key Ideas
- Mauritania aims to double its iron ore production to 45 million mt/year, focusing on high-quality iron ore and pellets for the global steel market.
- The country plans to shift towards green steel production, with investments in green hydrogen and ammonia projects with AFDB support.
- SNIM and ArcelorMittal are exploring joint green steel production, positioning Mauritania as a leader in sustainable steel.
- The Grand Tortue Ahmeyim natural gas project and upcoming Banda BirAllah gas field will support the country's green steel production goals.
Mauritania is embarking on an ambitious plan to double its iron ore production over the next decade, aligning with global steel market trends towards low-carbon processes. The country aims to focus on high-quality iron ore and direct reduced pellets, supported by infrastructure and logistics investments. Additionally, Mauritania is looking to transition to green steel production, necessitating green energy sources like green hydrogen. With the AFDB's assistance, the $40 billion Aman project aims to produce significant amounts of green hydrogen and ammonia annually, potentially becoming a global market leader by 2030. SNIM and ArcelorMittal are exploring collaboration in green steel production, further boosting Mauritania's position in sustainable steel manufacturing. The upcoming Grand Tortue Ahmeyim natural gas project and Banda BirAllah gas field will provide additional support for the country's green steel initiatives, ultimately attracting private investments to Mauritania.
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