Tosyalı Expands Global Green Steel Investment in Libya, Creating World's Largest Iron Steel Plant
Key Ideas
- Tosyalı is investing in a new world-class steel plant in Benghazi, Libya, further expanding its global presence in the steel industry.
- The project aims to create a positive impact on the local economy, environment, and society by focusing on value-added steel production.
- The world's largest DRI plants with a capacity of 8.1 million tons will be built, equipped with hydrogen-operating technology for green steel production.
- The investment in Libya positions Tosyalı as a key player in global steel production, strengthening economic ties between Libya and Turkey.
Tosyalı, a global green steel producer, is embarking on a new venture in Libya by initiating the construction of the world's largest iron steel plant in Benghazi. The Chairman of Tosyalı Holding emphasized the importance of expanding investments in Africa and focusing on value-added steel production to create economic, environmental, and social benefits in the region. The agreement between Tosyalı and Libya United Steel Company will lead to the establishment of Tosyalı-SULB in Benghazi, marking a significant step towards industrialization and steel sector development in Libya. The project includes building DRI plants with a total capacity of 8.1 million tons, incorporating hydrogen-operating technology for green steel production. This investment not only positions Libya as a key player in global steel production but also enhances Tosyalı's standing as a global green steel producer. The partnership between the two companies is set to strengthen economic ties between Libya and Turkey, fostering mutual benefits and advancements in the steel industry.
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Technology
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Economic Development
Steel Industry
Investment Expansion
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