Emirates Steel Arkan, the largest local steel producer and market leader in the UAE, announced that it has signed a memorandum of understanding with China-based Delong Steel, in order to decarbonize its operations.

Accordingly, and within the scope of the Memorandum of Understanding, the two companies will cooperate in building and operating a low-carbon raw materials production facility to support the steel industry.

Saeed Al Rumaithi, CEO of Emirates Steel Arkan, stated that the project in question is in line with its decarbonization strategy and the environmental agenda of the United Arab Emirates.

Emirates Steel Arkan, in cooperation with Masdar, announced last year its plans to develop the first green hydrogen project in the Middle East and North Africa region.