Vale has announced that its iron ore pelletizing plant at Sohar Port will be powered entirely by renewable electricity by 2030, aligning with the company’s global commitment to decarbonize operations. Nasser Al Azri, CEO of Vale in Oman, emphasized that this transition supports regional steel mills in their move toward low-carbon steel production.
The company plans to source its electricity requirements from renewable energy by 2030. Additionally, its new iron ore concentration plant, developed in partnership with Jinnan Iron & Steel Group at Sohar, will play a crucial role in reducing CO2 emissions. The plant, with an investment exceeding USD 600 million, is expected to begin operations by mid-2027 and will process 18 million tons of low-grade ore annually, producing 12.6 million tons of high-grade concentrate for low-carbon steel production.
The Gulf region remains a key market for Vale’s output, with exports targeting the UAE, Saudi Arabia, Qatar, India, East Africa, and Europe, where green steel is gaining momentum. Vale is also exploring partnerships in the UAE and Saudi Arabia to expand its presence in the emerging low-carbon steel sector, reflecting the region’s ambitions to lead in green steel production.
