British steel maker Liberty could set up a green iron production facility at Kezad for exports to Europe

British steel maker eyes Khalifa port for steel exports to Europe: AD Ports Group and Liberty Steel, the steelmaking arm of UK-based investor GFG Alliance, have inked an MoU to explore plans to set up a green iron production facility in AD Ports subsidiary Khalifa Economic Zones Abu Dhabi (Kezad), along with accompanying port infrastructure and a conveyer belt in Khalifa Port, according to a press release. The plans help push exports to Europe, as well as boost the UAE’s magnetite ore imports from Australia, it adds.

The details: The facility will intake magnetite ore from Australia, leveraging Liberty’s access to some 4 bn tons of Australia’s high quality magnetite ore, and convert it into green iron using gas, before transitioning to green hydrogen when it’s available at scale by 2031, the statement said. The iron will be reexported to external markets, including Liberty’s facilities in Romania, the Czech Republic, Hungary, Poland and the UK.

Abu Dhabi is shaping up to become a green iron hub: Kezad Musaffah is also set to house a low-carbon iron supply chain hub that will be set up by Steel manufacturer Emirates Steel Arkan, Japan’s ITOCHU Corporation, and JFE Steel, in partnership with AD Ports.

About Liberty Steel: Liberty Steel UK is the third largest steel manufacturer in the UK, with an annual capacity of 3 mn tonnes. It is part of GFG Alliance, a group of investments headed by Sanjeev Gupta, according to its website.