{"id":47177,"date":"2024-07-26T11:40:00","date_gmt":"2024-07-26T09:40:00","guid":{"rendered":"https:\/\/www.ecomnewsmed.com\/?post_type=news&p=47177"},"modified":"2024-07-26T11:39:12","modified_gmt":"2024-07-26T09:39:12","slug":"libya-turkish-steel-conglomerate-tosyali-holding-has-announced-the-signing-of-an-agreement-with-libyas-united-steel-company-to-set-up-a-decarbonated-iron-and-steel-plant-in-the-city-of-benghazi","status":"publish","type":"news","link":"https:\/\/www.ecomnewsmed.com\/en\/2024\/07\/26\/libya-turkish-steel-conglomerate-tosyali-holding-has-announced-the-signing-of-an-agreement-with-libyas-united-steel-company-to-set-up-a-decarbonated-iron-and-steel-plant-in-the-city-of-benghazi\/","title":{"rendered":"Libya: Turkish steel conglomerate Tosyal\u0131 Holding has announced the signing of an agreement with Libya’s United Steel Company to set up a decarbonated iron and steel plant in the city of Benghazi"},"content":"\n \n \n \nTurkish steel conglomerate Tosyal\u0131 Holding announced in a press release published on Monday 22 July 2024 that it had signed an agreement with Libya’s United Steel Company for the Iron and Steel Industry (SULB) to set up a decarbonised iron and steel plant in the eastern city of Benghazi.\n\n \n \n\n\n \n \n \nThe plant will be based on the direct reduction technique, which is a set of processes for obtaining iron and steel from iron ore by reducing iron oxides without melting the metal, using either hydrogen or carbon monoxide derived from natural gas or coal.\n\n \n \n\n\n \n \n \nThe industrial unit to be built in Libya will run on clean hydrogen to produce carbon-free iron and steel to meet the needs of markets in North Africa and Europe. It will eventually have a total production capacity of 8.1 million tonnes a year.\n\n \n \n\n\n \n \n \n\u2018We are delighted to increase our investments on the Mediterranean coast of Africa. By focusing on value-added steel based on local production, our regional investments have a positive economic, environmental and social impact by promoting value creation, employment, development and welfare in the countries where we operate,\u2019 said Tosyal\u0131 Holding chairman Fuat Tosyal\u0131, quoted in the statement.\n\n \n \n\n\n \n \n \n\u2018We are proud to take a crucial step towards the industrialisation of Benghazi and Libya and the development of the steel industry by partnering with Tosyal\u0131. This agreement will enable the two groups to take a major step forward and strengthen the economic ties between Libya and Turkey\u2019, said Ahmed Gadalla, CEO of Libya United Steel Company for Iron and Steel Industry.\n\n \n \n\n\n \n \n \nIn addition to its domestic market, Tosyal\u0131 Holding operates in Algeria, Senegal, Angola and Spain.\n\n \n \n\n","author":114,"featured_media":30769,"comment_status":"open","ping_status":"closed","template":"","tags":[6301,5815,7030,7031],"location":[5723],"class_list":["post-47177","news","type-news","status-publish","has-post-thumbnail","hentry","tag-company","tag-industry","tag-iron","tag-steel","location-libya"],"short_url":"https:\/\/bit.ly\/4dcuFmL","have_related_news":"done","chapo":"The plant, which is due to be built, is expected to use hydrogen as a clean energy source. Its production will meet the needs of several markets in North Africa and Europe.","media":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/11\/maroc-loffice-cherifien-des-phosphates-ocp-a-bien-resiste-au-ralentissement-economique-de-2020-550x360.png","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/11\/maroc-loffice-cherifien-des-phosphates-ocp-a-bien-resiste-au-ralentissement-economique-de-2020-550x360.png 550w","sizes":"550px","alt":"Maroc : L\u2019Office Ch\u00e9rifien des phosphates (OCP) a bien r\u00e9sist\u00e9 au ralentissement \u00e9conomique de 2020","width":550,"height":360,"ratio":0.55,"credit_photo":""},"media-news-header":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/11\/maroc-loffice-cherifien-des-phosphates-ocp-a-bien-resiste-au-ralentissement-economique-de-2020-1170x647.png","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/11\/maroc-loffice-cherifien-des-phosphates-ocp-a-bien-resiste-au-ralentissement-economique-de-2020-1170x647.png 1170w","sizes":"1170px","alt":"Maroc : L\u2019Office Ch\u00e9rifien des phosphates (OCP) a bien r\u00e9sist\u00e9 au ralentissement \u00e9conomique de 2020","width":1170,"height":658,"ratio":0.55,"credit_photo":""},"acf":[],"yoast_head":"\nLibya: Turkish steel conglomerate Tosyal\u0131 Holding has announced the signing of an agreement with Libya's United Steel Company to set up a decarbonated iron and steel plant in the city of Benghazi - 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