The timeline for the development of Singapore-based steelmaker Meranti Green Steel’s low-carbon hot briquetted iron (HBI) project in Oman is not expected to be affected by ongoing regional geopolitical tensions, according to company officials speaking to the Oman Observer newspaper. The plant is designed to produce approximately 2.5 million mt of HBI annually, forming part of a broader low-carbon steel value chain strategy.
The project, located in the Duqm Special Economic Zone, remains on schedule despite the conflict, reflecting continued investor confidence in Oman’s business environment.
Meranti stated that the overall delivery schedule for the first module of the HBI project is unlikely to be disrupted by current regional developments. Company officials emphasized that Oman continues to offer a stable and secure operating environment, insulating the project from external geopolitical risks.
Final investment decision delayed to Q3 2026
The project’s final investment decision, initially expected around mid-2026, has been pushed to the third quarter of 2026.
The adjustment is intended to allow international partners additional time to assess evolving regional conditions rather than due to direct project disruption.
Long-term timeline toward production
According to project details:
- commissioning is targeted for mid-2029,
- with commercial production expected in early 2030.
