Business World reported that SteelAsia Manufacturing is planning to start the operation of its industrial scale melt shop in Lemery in Batangas in Philippines by 2024. The report quoted SteelAsia as saying that “The melt shop, which is the first of its kind in the country, will use the latest green technology from Italy-based Tenova to reduce the project’s carbon footprint. Its Consteel Evolution technology saves energy, decarbonizes steel production, and reduces environmental impacts through efficient energy recovery and pollution control innovations.”The 600,000 tonne plant will use local scrap metal to produce high-grade billets, which are used as raw material for the construction of buildings, ports, and ships.SteelAsia President Mr Benjamin O Yao said the melt shop will formalize and organize the collections, consolidation and recycling of scrap metal across the country and will provide opportunities for individuals and small businesses such as junk shops and would also help reduce the country’s importation of billets. He said “This is part of the vision of SteelAsia to put in place an integrated steel industry, the backbone of a country’s industrial base.”SteelAsia, the largest steel producer in the Philippine, already has six operating plants and has lined up several more in a multibillion-dollar plan to keep the country abreast of its neighbors.
Business World reported that SteelAsia Manufacturing is planning to start the operation of its industrial scale melt shop in Lemery in Batangas in Philippines by 2024. The report quoted SteelAsia as saying that “The melt shop, which is the first of its kind in the country, will use the latest green technology from Italy-based Tenova to reduce the project’s carbon footprint. Its Consteel Evolution technology saves energy, decarbonizes steel production, and reduces environmental impacts through efficient energy recovery and pollution control innovations.”The 600,000 tonne plant will use local scrap metal to produce high-grade billets, which are used as raw material for the construction of buildings, ports, and ships.SteelAsia President Mr Benjamin O Yao said the melt shop will formalize and organize the collections, consolidation and recycling of scrap metal across the country and will provide opportunities for individuals and small businesses such as junk shops and would also help reduce the country’s importation of billets. He said “This is part of the vision of SteelAsia to put in place an integrated steel industry, the backbone of a country’s industrial base.”SteelAsia, the largest steel producer in the Philippine, already has six operating plants and has lined up several more in a multibillion-dollar plan to keep the country abreast of its neighbors.
