{"id":85519,"date":"2024-07-22T00:00:00","date_gmt":"2024-07-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/07\/22\/turkeys-tosyali-to-build-worlds-largest-dri-complex-in-libya\/"},"modified":"2024-07-22T00:00:00","modified_gmt":"2024-07-22T00:00:00","slug":"turkeys-tosyali-to-build-worlds-largest-dri-complex-in-libya","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/07\/22\/turkeys-tosyali-to-build-worlds-largest-dri-complex-in-libya\/","title":{"rendered":"Turkey\u2019s Tosyal\u0131 to build world's largest DRI complex in Libya"},"content":{"rendered":"

<\/strong>Turkish green steel producer <\/strong>Tosyal\u0131<\/a><\/strong> signed an agreement to construct the world\u2019s <\/strong>largest direct reduced iron (DRI) complex in Benghazi Libya<\/strong>, according to a press<\/a>release<\/a> released on Thursday. The complex \u2014 which will use tech compatible with hydrogen fuel \u2014 will be developed in collaboration with Libya United Steel Company (SULB)<\/a>. The two established a JV called Tosyal\u0131-SULB that will be responsible for the project\u2019s development and operation. <\/p>\n

About the project:<\/strong> The complex will eventually have the capacity to produce 8.1 mn tons using <\/span>MIDREX Flexi DRI<\/a> technology, which is compatible with hydrogen for green steel production. The initial phase will have a production capacity of 2.7 mn tons to meet regional and European Hot Bricket Iron (HBI) needs.<\/span><\/p>\n

Part of a larger plan for Tosyal\u0131:<\/strong> The company is expanding its investments across Europe, Africa, and Asia, according to the statement. It recently invested in Turkey, Algeria, Senegal, Angola, and Spain.<\/p>\n

Tosyal\u0131 has regional interests and investments lined up:<\/strong> The steelmaker could invest as much as USD 5 bn<\/a> in a planned steel plant in Saudi Arabia as part of its international growth plans, chairman Fuat Tosyali said back in January. Tosyal\u0131 also inked a MoU<\/a> with the National Industrial Development Center to set up a flat rolled steel complex in Ras Al Khair industrial zone. The facility will produce 4 mn tons per year of hot and cold rolled coil, galvanized coil, and electrical steel for sale to the automotive, machinery and energy sectors.<\/p>\n","protected":false},"excerpt":{"rendered":"

The project will have a total capacity of 8.1 mn tons<\/p>\n","protected":false},"author":1,"featured_media":85520,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","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":[11,193,191],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-85519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-green-steel","tag-enterpriseclimate","tag-green-steel","tag-turkey","wpautop","entry"],"acf":{"mongo_id":"bdab85f3-07a5-4eb4-860d-b6d39d3c2aa8","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/1610.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Turkey\u2019s Tosyal\u0131 to build world's largest DRI complex in Libya","related_issue":[85509],"teaser":"The project will have a total capacity of 8.1 mn tons","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.f0c36925-934f-4aee-b19e-c6f4306f3b56.mp3"},"yoast_head":"\nTurkey\u2019s Tosyal\u0131 to build world's largest DRI complex in Libya - 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