Singapore-based steelmaker Meranti Steel has announced that it has signed a memorandum of understanding with Thailand-based energy company Global Power Synergy Public Company Limited (GPSC) to establish renewable solutions for its new green steel plant to be built in Thailand.
Meranti Steel aims to use renewable solutions such as solar and wind energy and create a future green hydrogen supply chain for its new plant.
The plant, which will have an annual production capacity of two million mt of hot rolled coil, is planned to start production in the second half of 2027, as SteelOrbis previously reported. It is projected that the plant will reduce annual carbon emissions over time by up to three million metric tons, compared to traditional blast furnace technologies.
