{"id":77579,"date":"2023-05-23T01:05:16","date_gmt":"2023-05-23T01:05:16","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/05\/23\/brazils-vale-finalizes-energy-supply-agreements-and-land-allocation-for-green-steel-hub-in-oman\/"},"modified":"2023-05-23T01:05:16","modified_gmt":"2023-05-23T01:05:16","slug":"brazils-vale-finalizes-energy-supply-agreements-and-land-allocation-for-green-steel-hub-in-oman","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/05\/23\/brazils-vale-finalizes-energy-supply-agreements-and-land-allocation-for-green-steel-hub-in-oman\/","title":{"rendered":"Brazil\u2019s Vale finalizes energy supply agreements and land allocation for green steel hub in Oman"},"content":{"rendered":"

<\/a> Vale secures land and suppliers for green steel hub in Oman:<\/strong> Brazilian mining firm Vale finalized a land reservation agreement with the Port of Duqm Company for three production plants that will source materials essential to Oman\u2019s low-carbon steel making industry, The Times of Oman<\/a> reports. Vale also signed a separate non-binding agreement with Oman\u2019s Marafiq to provide energy and utility services for the green steel production hub, which will be built in the Special Economic Zone at Duqm. The financials and a timeline on the integral industrial complex\u2019s launch date were not disclosed<\/p>\n

What we know: <\/strong>The land Vale has secured -\u2013 spanning some 6.7 sqkm in Duqm \u2014 will be used to set up three production facilities aimed at securing materials critical to low-carbon steel production including hot briquette iron (HBI) \u2014 which is 60% less carbon-intensive than conventional materials when produced using nagas according to Vale<\/a>, and direct reduced iron<\/a>, the Oman News Agency<\/a> noted yesterday. Manufacturing HBI using green hydrogen could bring down emissions to zero, according to research by S&P Global<\/a>. The raw materials produced in Oman will be also available for export to international markets, according to Times of Oman.<\/p>\n

Will renewable energy be involved?<\/strong> Utility provider Marafiq<\/a> \u2014 a joint venture between Oman\u2019s OQ and Thailand\u2019s Gulf Energy Development \u2014 will supply the project\u2019s power needs as well as utility services \u201cwhile promoting the use of clean energy and green hydrogen at the port of Duqm,\u201d according to the news outlet.<\/p>\n

Vale has been making moves in Oman: <\/strong>The company signed an agreement in February<\/a> to repurchase its 30% stake in Vale Oman from Omani state-owned energy investment company OQ. Vale Oman owns and manages an iron ore pelletizing facility with an annual 9 mn ton iron ore pellet production capacity.<\/p>\n

And has plans for the UAE and KSA: <\/strong>Vale signed an MoU<\/a> with Saudi Arabia\u2019s National Industrial Development Center back in November to study establishing a USD 1.1 bn iron ore pellet mega hub producing some 4 mn tons of iron ore pellets annually in KSA\u2019s Ras Al-Khair industrial zone, and said<\/a> it and the UAE\u2019s Emirates Steel Arkan are working a study exploring the feasibility of establishing an iron ore pellet mega hub in Abu Dhabi\u2019s Khalifa Industrial Zone last October.<\/p>\n","protected":false},"excerpt":{"rendered":"

Vale secures land and suppliers for green steel hub in Oman: Brazilian mining firm Vale finalized a land reservation agreement with the Port of Duqm Company for three production plants that will source materials essential to Oman\u2019s low-carbon steel making industry, The Times of Oman reports. Vale also signed a separate non-binding agreement with Oman\u2019s […]<\/p>\n","protected":false},"author":1,"featured_media":77580,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[471],"tags":[706,11,193,92,88],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-77579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-green-steel","tag-brazil","tag-enterpriseclimate","tag-green-steel","tag-oman","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"f9f9eb78-c5da-4ce5-adcb-d82d6f8471ec","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/5\/1902.jpg","photo_position":"above","related_issue":[77569],"teaser":"","voice_url":""},"yoast_head":"\nBrazil\u2019s Vale finalizes energy supply agreements and land allocation for green steel hub in Oman - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/23\/brazils-vale-finalizes-energy-supply-agreements-and-land-allocation-for-green-steel-hub-in-oman\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brazil\u2019s Vale finalizes energy supply agreements and land allocation for green steel hub in Oman\" \/>\n<meta property=\"og:description\" content=\"Vale secures land and suppliers for green steel hub in Oman: Brazilian mining firm Vale finalized a land reservation agreement with the Port of Duqm Company for three production plants that will source materials essential to Oman\u2019s low-carbon steel making industry, The Times of Oman reports. 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