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Turkish green steel producer Tosyalı signed an agreement to construct the world’s largest direct reduced iron (DRI) complex in Benghazi Libya, according to a press release released on Thursday. The complex — which will use tech compatible with hydrogen fuel — will be developed in collaboration with Libya United Steel Company (SULB). The two established a JV called Tosyalı-SULB that will be responsible for the project’s development and operation.
About the project: The complex will eventually have the capacity to produce 8.1 mn tons using MIDREX Flexi DRI technology, which is compatible with hydrogen for green steel production. The initial phase will have a production capacity of 2.7 mn tons to meet regional and European Hot Bricket Iron (HBI) needs.
Part of a larger plan for Tosyalı: The company is expanding its investments across Europe, Africa, and Asia, according to the statement. It recently invested in Turkey, Algeria, Senegal, Angola, and Spain.
Tosyalı has regional interests and investments lined up: The steelmaker could invest as much as USD 5 bn in a planned steel plant in Saudi Arabia as part of its international growth plans, chairman Fuat Tosyali said back in January. Tosyalı also inked a MoU with the National Industrial Development Center to set up a flat rolled steel complex in Ras Al Khair industrial zone. The facility will produce 4 mn tons per year of hot and cold rolled coil, galvanized coil, and electrical steel for sale to the automotive, machinery and energy sectors.
