Jindal Steel Power Limited’s Oman based Jindal Shaded will invest more than USD 3 billion to develop a green steel project in Special Economic Zone at Duqm SEZAD in Oman. Jindal Shadeed CEO Mr Harssha Shetty said “We have already obtained the necessary approvals to secure land for our green hydrogen ready steel project. Company’s goal is to produce more than 5 million tonnes of green steel on an annual basis. The project is being built on an area of approximately 2 square kilometers in the concession zone at the Port of Duqm. The plant will supply high quality steel products to automobile, wind energy and consumer durables sectors among others.”Mr Shetty added “There is a booming demand for green steel from ESG (environmental, social and governance) conscious customers around the world, especially in Europe and Asia, who have already committed significant reduction in Scope 3 emissions by 2030.”.Jindal Shadeed also signed an MoU with the centralised utility provider, Marafiq, to provide the plant with the utilities necessary to operate the project such as water services, seawater for cooling purposes, and other Marafiq services.