Essar Group, Desert Technologies to develop $4.5 bn Green Steel Plant
Steel

Essar Group, Desert Technologies to develop $4.5 bn Green Steel Plant

India's Essar Group is moving forward with its ambitious plan to construct a $4.5 billion integrated Green Steel facility in Saudi Arabia. In a press release, Essar announced a substantial and enduring collaboration with Desert Technologies (DT), a solar photovoltaic (PV) company based in Saudi Arabia. Together, they will pioneer innovative solutions for renewable energy generation and storage, exclusively for Essar's Flat Steel Complex in Saudi Arabia. Notably, this complex represents the first-ever green steel initiative within the Gulf Cooperation Council (GCC) region.

The establishment of renewable energy solutions for Essar's Green Steel Arabia (GSA) project in Saudi Arabia is poised to propel the nation to the forefront of green steel production and sustainable energy generation, as articulated in the company's official statement.

The project is slated to commence production operations by 2027. Upon completion, it will cater to critical steel-consuming sectors, including construction, oil and gas, automotive, packaging, and general engineering.

Naushad Ansari, the Country Head for Essar Group in Saudi Arabia, emphasised that this partnership with Desert Technologies has been established to gain access to eco-friendly and carbon-neutral energy storage solutions. Khaled Sharbatly, the Chief Executive Officer of DT Investments, underscored the significance of cost competitiveness and environmentally friendly solutions, envisioning a significant boost for the burgeoning low-CO2 emission steel industry.

India's Essar Group is moving forward with its ambitious plan to construct a $4.5 billion integrated Green Steel facility in Saudi Arabia. In a press release, Essar announced a substantial and enduring collaboration with Desert Technologies (DT), a solar photovoltaic (PV) company based in Saudi Arabia. Together, they will pioneer innovative solutions for renewable energy generation and storage, exclusively for Essar's Flat Steel Complex in Saudi Arabia. Notably, this complex represents the first-ever green steel initiative within the Gulf Cooperation Council (GCC) region.The establishment of renewable energy solutions for Essar's Green Steel Arabia (GSA) project in Saudi Arabia is poised to propel the nation to the forefront of green steel production and sustainable energy generation, as articulated in the company's official statement.The project is slated to commence production operations by 2027. Upon completion, it will cater to critical steel-consuming sectors, including construction, oil and gas, automotive, packaging, and general engineering.Naushad Ansari, the Country Head for Essar Group in Saudi Arabia, emphasised that this partnership with Desert Technologies has been established to gain access to eco-friendly and carbon-neutral energy storage solutions. Khaled Sharbatly, the Chief Executive Officer of DT Investments, underscored the significance of cost competitiveness and environmentally friendly solutions, envisioning a significant boost for the burgeoning low-CO2 emission steel industry.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code