UAE's TAQA, Emirates Steel partner for MENA's first green steel manufacturing

Based on the new MoU, TAQA and Emirates Steel will use green hydrogen to optimize clean steel production level

  
A Memorandum of Understanding (MoU) was signed by Jasim Husain Thabet, TAQA Group CEO and Managing Director, and Engineer Saeed Ghumran Al Remeithi, CEO of Emirates Steel.

A Memorandum of Understanding (MoU) was signed by Jasim Husain Thabet, TAQA Group CEO and Managing Director, and Engineer Saeed Ghumran Al Remeithi, CEO of Emirates Steel.

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Abu Dhabi-based diversified utilities and energy group TAQA has inked a partnership with Emirates Steel to develop a green hydrogen project that will produce the first green steel in the MENA region.

Based on the new MoU, TAQA and Emirates Steel will use green hydrogen to optimize clean steel production level. This will enable green and low-carbon steel manufacturing, saving energy while creating a sustainable and clean manufacturing process, according to a statement from TAQA.

Jasim Husain Thabet, TAQA’s Group CEO and Managing Director, said: “This partnership with Emirates Steel leverages our combined expertise to lower the overall cost of production as well as reducing carbon emissions."

"Finding commercially viable industrial-scale solutions like this is key to unlocking the potential of green hydrogen as an emerging clean energy source. TAQA is uniquely well-placed in this region to combine our world-leading solar PV, water and energy know-how to unlock opportunities that work for our stakeholders,” Thabet added.

"The production of green steel through a sustainable and clean manufacturing process based on green hydrogen supports Emirates Steel's efforts to preserve the environment and its natural resources," Engineer Saeed Ghumran Al Remeithi, CEO of Emirates Steel, said.

Green hydrogen will form a valuable part of TAQA’s 2030 strategy for growth, which includes growing its gross power capacity from 18 GW to 30 GW in the UAE and adding up to 15 GW internationally.

TAQA and Abu Dhabi Ports recently announced an MoU for the development of an industrial scale green ammonia manufacturing and export facility.

(Writing by Seban Scaria; editing by Daniel Luiz)

 seban.scaria@refinitiv.com 

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