Dearborn, Michigan-based Severstal North America announced Tuesday that it entered into a Memorandum of Understanding (MOU) with the National Gas Company of Trinidad and Tobago Ltd, National Energy Corporation Ltd., Complejo Metalurgico Dominicano S.A. and Neal & Massy Holdings Ltd. to conduct a feasibility study for construction of a Direct Reduced Iron (DRI) facility in Trinidad and Tobago.
The new facility would allow Severstal North America to secure a consistent supply of DRI for its Electric Arc Furnace operation in Columbus, Mississippi. Located on the Union Industrial Estate in La Brea, the DRI project would involve the construction of a Direct Reduced Iron/Hot Briquetted Iron plant with a nominal capacity of 1.5 million metric tons per year.