Kezad gets a USD 100 mn steel recycling plant: UAE-based Green Metal Industries has earmarked AED 367 mn (USD 100 mn) to set up a steel recycling and manufacturing plant located in AD Ports’ Khalifa Economic Zones Abu Dhabi (Kezad), according to a statement released last week.
About the facility: Located in the Kezad industrial area, Kezad Al Ma’mourah, the plant will span some 116k sqm and is set to commence commercial operations in 1Q 2025. The plant will locally source scrap metal and convert it into high-quality steel materials, the statement notes.
How it works: To convert metal scrap into diverse industrial applications — including construction and infrastructure — Green Metal will use recycling technologies such as meltshop, multi-product continuous casting, and a rolling mill. The company will also use different refining methods such as argon oxygen decarburization (AOD), vacuum oxygen decarburization (VOD) and vacuum degasser (VD). The plant will produce Austenitic, Ferritic, Duplexand Martensitic grades of stainless steel, alongside low and high alloy steel grades.