{"id":81217,"date":"2023-12-13T00:00:00","date_gmt":"2023-12-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/12\/13\/omans-oq-and-vulcan-green-steel-partner-on-3-tw-clean-energy-project\/"},"modified":"2023-12-13T00:00:00","modified_gmt":"2023-12-13T00:00:00","slug":"omans-oq-and-vulcan-green-steel-partner-on-3-tw-clean-energy-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/12\/13\/omans-oq-and-vulcan-green-steel-partner-on-3-tw-clean-energy-project\/","title":{"rendered":"Oman\u2019s OQ and Vulcan Green Steel partner on 3 TW clean energy project"},"content":{"rendered":"

Oman\u2019s OQ + Vulcan Green Steel partner on 3 TW clean energy <\/strong>project<\/strong>:<\/strong> Oman\u2019s Vulcan Green Steel \u2014 a subsidiary of Jindal Shaeed \u2014 signed an agreement with OQ's renewables unit OQ Alternative Energy<\/a> to establish a 3 TW integrated renewable energy generation project, Oman Daily Observer<\/a> reports. The expected investment ticket and timeline on the 3 TW project was not disclosed.<\/p>\n

The details:<\/strong> The two companies established a JV \u2014 called Integrated Energy Valley \u2014 to develop solar and wind energy farms backed by battery storage, the news outlet notes. The mega plant \u2014 which will be located in the Special Economic Zone Authority at Duqm (SEZAD) \u2014 will provide green energy to hard-to-abate sectors such as steel, around the clock.<\/p>\n

REMEMBER- Vulcan has been making moves to decarbonize steel:<\/strong> Vulcan broke ground on its USD 3 bn<\/a>, 5 mn ton, green steel plant in Duqm last month. Once operational in 2027, the plant is expected to cut emissions by 85% compared to conventional steel factories. Vulcan is also exploring<\/a> the establishment of a 5-7 mn sqm green steel complex in Egypt\u2019s Suez Canal Canal Economic Zone, with the same annual production capacity of 5 mn ton annually. If the project moves forward, the Omani firm plans to export the low-carbon steel to African and European markets.<\/p>\n","protected":false},"excerpt":{"rendered":"

OQ Alternative Energy and Vulcan Green Steel established a JV to develop a 3 TW integrated green project to power hard-to-abate sectors, including steel.<\/p>\n","protected":false},"author":1,"featured_media":81218,"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":[11,39,193,92,435],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-81217","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-green-steel","tag-enterpriseclimate","tag-green-hydrogen","tag-green-steel","tag-oman","tag-oq","wpautop","entry"],"acf":{"mongo_id":"d24697b9-0f1c-41a6-b3bc-70bdd4342f2e","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/2\/699.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Oman\u2019s OQ and Vulcan Green Steel partner on 3 TW clean energy project","related_issue":[81203],"teaser":"OQ Alternative Energy and Vulcan Green Steel established a JV to develop a 3 TW integrated green project to power hard-to-abate sectors, including steel.","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/12\/.41c7c5e6-a745-4224-8a89-3d36bd165785.mp3"},"yoast_head":"\nOman\u2019s OQ and Vulcan Green Steel partner on 3 TW clean energy project - 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