STEEL SteelAsia Manufacturing Corp. plans to start operating its industrial-scale smelter in Lemery, Batangas by 2024.
SteelAsia said the smelter, which is the first of its kind in the country, will use the latest green technology from Italian steel and mining company Tenova to reduce the project’s carbon footprint.
“Its Consteel Evolution technology saves energy, decarbonizes steel production and reduces environmental impacts through efficient innovations in energy harvesting and pollution control,” said SteelAsia. in a statement this weekend.
According to the company, the 600,000-ton plant will use local scrap metal to produce high-quality billets, which are used as raw material for the construction of buildings, ports and ships.
Benjamin O. Yao, Chairman of SteelAsia, said the smelter shop will formalize and organize the collection, consolidation and recycling of scrap metal across the country, and provide opportunities for individuals and small businesses such as flea markets. .
He added that the smelting workshop would also help reduce the country’s importation of billets.
“It is part of SteelAsia’s vision to build an integrated steel industry, the backbone of a country’s industrial base. SteelAsia, the country’s largest steel producer, already has six factories in operation and has lined up several more in a multibillion-dollar plan to keep the country abreast of its neighbours,” Yao said. — Revin Mikhael D. Ochave
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