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6 FAQs about North African Steel Company Energy Storage Project

Can MENA become a global leader in steel decarbonisation?

Recent announcements on developing low-emissions iron and steel capacities highlight the Middle East and North Africa's (MENA) potential to become a global leader in steel decarbonisation. MENA steelmakers must rapidly incorporate renewables into their energy mix to substantially lower indirect (Scope 2) emissions.

Can MENA lead the Global Race to produce green iron & steel?

Please click here to read our full disclaimer. 19 September 2024 - (IEEFA Australia): Steelmakers in the Middle East and North Africa (MENA) can capitalise on advantages over competitors to take the lead in the global race to produce green iron and steel, according to the Institute of Energy Economic and Financial Analysis (IEEFA).

Is Mena ready for a green Iron & Steel transition?

Annual global DRI trade is projected to reach up to 85 million tonnes by 2050, with MENA tipped to contribute almost half of global exports. A flurry of announcements of low-emissions iron and steel projects across the MENA region show the green iron and steel transition is already gaining momentum (see map above).

Will Germany produce green steel in Morocco?

The German government has signed an agreement to produce 10,000 tonnes of green hydrogen in Morocco, to be sent to Germany to produce 50,000 tonnes of green steel. This green hydrogen will be distributed to offtakers through an international public tender, expected to commence in late 2024.

What is the Drakensberg pumped storage scheme?

Designed to generate electricity for 10 hours per day through its four 250 MW turbine generators, the Drakensberg Pumped Storage Scheme is an energy storage facility, situated in the northern parts of the Drakensberg Mountain range of South Africa, which provides up to 27.6 GWh of electricity storage.

Why do Mena steelmakers use DRI technology?

As global producers turn to DRI technology to slash their carbon footprints, MENA steelmakers have been producing DRI for decades, giving them a head start on the competition.

North African Steel Company Energy Storage Project - Hifi Network Hub Power Solutions Inc.

Green Steel Opportunity in the Middle East and North

The Middle East and North Africa (MENA) region is potentially in a good position to begin producing carbon-neutral or green steel, as it has particular advantages over other
Green steel: how steel is produced in North African countries

Not only in steel sector, but also in power generation, cement industry, fertilizer production, etc. Taking into account the enormous potential for RES development (the level of
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Leading a legacy for over 120 years, delivering quality steel and unmatched expertise across southern Africa. At Macsteel, we''re always Pursuing
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The MENA region is poised to lead in low-emission steel production by transitioning gas-based DRI plants to hydrogen-powered systems, backed by
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