Emirates Steel Arkans Signs MoU with Al Jazeera Steel Product Company for Joint Product Expertise
Emirates Steel Arkan and Al Jazeera Steel Product Company signed a MoU to establish a framework for collaboration and to seize new opportunities in the steel business ecosystem. July 16, 2023 A Memorandum of Understanding (MoU) was signed between Emirates Steel Arkan and Al Jazeera Steel Product Company (AJSP) which aims to establish a strategic […]
Surya Roshni to Invest INR 400 Million to Upgrade Bahadurgarh’s Cold Rolling Plant’s Capacity by 35,000 TPA
Surya Roshni Limited is set to invest INR 400 million to upgrade their cold rolling plant at Bahadurgarh, Haryana. The investment will increase the production capacity from 1,15,000 MT per annum to 1,50,000 MT per annum. Aug 11, 2023 Surya Roshni Limited approved an investment of INR 400 million for the upgradation of the cold […]
JSW Steel Plans to Increase Domestic Capacity to 50 Million tons and Long Steel Product Portfolio Share to 35%
JSW Steel is planning to get a higher share of long steel products in their portfolio to meet the growing demand. They aspire to increase domestic capacity from 28.2 million tons to 50 million tons by 2030 and expect the share of long steel products- bars, wires and rods, to reach 35 per cent going […]
Saudi Steel Pipe Company – Saudi Aramco Sign USD 80.47 Million Contract
A contract has been signed between Saudi Steel Pipe Company and Saudi Aramco for the supply of oil and gas steel pipes worth USD 80.47 million. Aug 8, 2023 Saudi Steel Pipe Company has signed an agreement with Saudi Aramco worth USD 80.47 million to supply oil and gas steel pipes for a period of […]
Tenaris S.A. to Acquire Mattr’s Pipe Coating Business for USD 166 Million
Tenaris S.A. has signed an agreement for USD 166 million to acquire 100 percent shares of Bredero Shaw International BV, a subsidiary of Mattr, holding pipe coating business. The transaction is expected to be completed in approximately six months. Aug 14, 2023 Tenaris S.A. announced that it has signed an agreement to acquire 100% of […]
IOC Signs Long-Term LNG Import Deals with ADNOC, TotalEnergies
IOC has signed long-term LNG import deals with UAE-based Abu Dhabi Gas Liquefaction Company Limited (ADNOC) and France-based TotalEnergies. As per agreements, ADNOC will supply 1.2 million tonnes per annum of LNG for 14 years, starting in 2026, whereas TotalEnergies will supply 0.8 million tonnes a year of LNG for 10 years starting in 2026. […]
Maharashtra Seamless Writes Letter to Steel Ministry for Cauvery Basin Casing Pipe Tender Rejection
Maharashtra Seamless wrote to the steel ministry for the redressal of the unfair rejection of its casing pipe tender for the Cauvery basin drilling. In the letter the company claims that it is an “approved source” of specialized steel required in the project and that 40-50 percent of its existing capacity “is idle these days […]
ACME Group Raises INR 40 Billion Fresh Funding for Oman Green Hydrogen & Ammonia Project
ACME Group raised a fresh funding of INR 40 billion from REC, for the start up of its green hydrogen and ammonia project located in Duqm, Oman. The facility is projected to produce green ammonia in the capacity of 100,000 tons in its initial phase, and then expanded to 1.2 MMTPA. Jul 22, 2023 ACME […]
Steel Ministry Aims Fivefold Domestic Capacity by 2047 with New Stainless Steel Policy
The Indian steel ministry is aiming for a 5x jump in the domestic capacity of stainless steel by 2047 with India’s first stainless steel policy in the works. The policy also holds the objective of reducing dependence on China for sourcing nickel, silicon and chromium, which are utilized to make stainless steel. Jul 20, 2023 […]
GAIL & LanzaTech Tie-Up for Pilot-Scale Carbon Capture, Conversion Project Exploration
GAIL and US-based LanzaTech have come together to research the possibilities of setting up a pilot-scale carbon capture and conversion project. As per GAIL’s chairman, LanzaTech’s carbon capture and utilization technology will enhance GAIL’s environmental stewardship and open up new avenues for driving sustainability across its operations. Jul 18, 2023 GAIL has reportedly tied up […]
