Shougang Group Expands International Presence with Hydrogen-Based DRI Plant in Kazakhstan
Key Ideas
- Shougang Group's subsidiary, BSIET, signed an engineering design contract for a hydrogen-based shaft furnace DRI plant in Kazakhstan's Zhambyl region with Fujian Hengwang.
- The project is expected to create over 1,000 jobs, generate tax revenue, and boost Kazakhstan's economic growth and competitiveness in the global steel industry.
- BSIET's international projects in regions like South Asia and Africa have positioned it as a key player in driving technological innovation and infrastructure development.
- The initiative aligns with China's Belt and Road Initiative, promoting international cooperation and enhancing Kazakhstan's global standing in the steel sector.
Shougang Group's subsidiary, Beijing Shougang International Engineering Technology Co. (BSIET), has embarked on a significant project in partnership with Fujian Hengwang Investment Co. to construct a 960,000 t/y hydrogen-based shaft furnace DRI plant in Kazakhstan's Zhambyl region. The initiative is poised to create over 1,000 jobs, stimulate tax revenue, and contribute to the country's economic progress. Through on-site inspections and collaborations with local stakeholders, the groundwork for these projects has been laid, showcasing a commitment to environmental and design standards. Shougang Group views these ventures as pivotal not only for China's steel industry but also for global steel sector transformation, enhancing Kazakhstan's competitiveness internationally. BSIET's track record of successful overseas projects underscores its role in driving technological innovation and infrastructure development, aligning with China's Belt and Road Initiative. This endeavor exemplifies a model of international cooperation fostering trade, infrastructure development, and cultural exchange among countries across Asia, Europe, and Africa, signaling a positive outlook for the steel industry's evolution and Kazakhstan's economic growth.
Topics
Projects
Steel Industry
Economic Growth
International Cooperation
Technological Innovation
Belt And Road Initiative
Latest News