Progress, partnerships and perspective.

Millcon Steel and Meranti Green Steel have signed an MOU to collaborate on advancing low-carbon “green steel” production in Thailand. The partnership focuses on reducing emissions, developing industry standards, and strengthening collaboration across public and private sectors, with support from Thailand’s TGO. It positions Thailand as a potential regional leader in sustainable steel, combining Millcon’s local manufacturing strength with Meranti’s green iron supply from Oman.

Meranti Green Steel celebrated the official opening of its new office in Muscat, marking a key milestone in the company’s expansion across the Middle East and reinforcing its commitment to supplying low-carbon, certified Hot Briquetted Iron (HBI) to international partners.

Meranti Green Steel secured full offtake for its Duqm, Oman green HBI Module 1 (2.5 Mtpa) across Thyssenkrupp Materials Trading, INTERFER, Glencore, and MGS’s Rayong steel plant. The long-term deals support a mid-2026 FID and supply low-CO₂ HBI made with natural gas plus some green hydrogen, transitioning to more green hydrogen over time.

Global steel companies along the value chain are declaring that they want to move from peak emissions to transitioning at pace

Kingspan signs Memorandum of Understanding (MoU) with Meranti Green Steel to procure green steel in the APAC region Meranti Green Steel will supply green steel via its new plant in Thailand, which is scheduled to break ground at the end of 2026 and is on track to be commissioned by the end of 2029 The collaboration supports Kingspan’s Group-wide Planet Passionate environmental sustainability programme, through which the company aims to decrease the carbon intensity of key raw materials, including steel, and enhance the environmental performance of its products

Bangkok, 29 October 2025: Meranti Green Steel (MGS), a Singapore-headquartered company pioneering low-carbon steel production through a new value chain that separates ironmaking and steel production, hosted a seminar at the Waldorf Astoria Bangkok to explore how collaboration between government, industry, and academia can drive Thailand’s green steel transition.

On October 29, 2025, Meranti Green Steel Thailand hosted a Green Steel Seminar at the Waldorf Astoria Bangkok. The half-day forum brought together policymakers, industry leaders, business associations, academia, and international partners to explore how domestically produced green steel could power Thailand’s sustainable growth and global competitiveness.

Oman – Meranti Green Steel has announced the launch of its green iron project in the Duqm Special Economic Zone, aiming to produce low-emission Direct Reduced Iron (DRI) and Hot Briquetted Iron (HBI) as part of the company’s global efforts to decarbonize the iron and steelmaking process.

Steelmakers are accelerating the shift to low-emission production as global regulations like CBAM tighten and customers—from automakers to builders—increasingly demand certified green steel.

Meranti Green Steel is driving Southeast Asia’s green industrial future by building Thailand’s first low-carbon steel plant, positioning the country as a hub for sustainable investment and climate leadership.