Meranti Green Steel Oman has signed a Memorandum of Understanding with Amnah Energy, a consortium comprised of Copenhagen Infrastructure Partners’ Energy Transition Fund (CIP), Blue Power Partners (BPP) and Al Khadra (Hind Bahwan Group), to cooperate on the supply of green hydrogen to Meranti’s proposed 2.5 Mtpa green HBI facility in Duqm, Oman.
The collaboration targets green hydrogen volumes aligned with Oman’s Energy Transition Plan and supports the country’s ambition to establish competitive, large-scale green hydrogen production. By linking green hydrogen development with long-term, onshore industrial offtake, this work helps address the sequencing challenge of bringing new hydrogen supply and new industrial demand in parallel. The collaboration with Amnah also directly supports Meranti’s ambition to deliver cost-competitive, low-carbon HBI to global markets.
Under the MoU, Meranti and Amnah will work together on a green hydrogen supply-offtake solution, matching Meranti’s requirements with green hydrogen produced upstream by Amnah’s wind, solar and electrolyzer facilities. Both parties share the objective of designing the most reliable and competitive solution and are strongly aligned on the vision for long-term partnership and decarbonization of the steel industry. The collaboration will be in alignment with Oman’s hydrogen infrastructure framework and wider energy transition objectives, undertaken in close coordination with Hydrom, OQGN and other relevant Omani authorities.
Andrew Fang, VP Projects & Sustainability, Meranti Green Steel, said: “Our partnership with Amnah marks an important step in leveraging green hydrogen supply for the production of low-carbon HBI. By progressing both sides of the value chain, we aim to create the scale and certainty required to advance our phased decarbonization strategy and support Oman’s growing green hydrogen ecosystem.”
Emily Sykes, Director, CIP Energy Transition Fund, said: “CIP and the Amnah project are committed to enabling Oman’s vision for large-scale green hydrogen production. The collaboration with Meranti is an important step toward building an integrated value chain that connects world-class renewable resources with industrial decarbonization at scale. By supplying green hydrogen for low-carbon HBI and ultimately steel production, we aim to accelerate the global energy transition, create significant economic opportunities and employment, and demonstrate how Oman can become a cornerstone of sustainable industry for decades to come.”
