SteelAsia Manufacturing Corporation will start operating the country’s first industrial scale melt shop in 2024 using the latest green technology from Tenova, a global leader in steel and mining technology.
In a statement, SteelAsia said the 600,000-ton plant, located in Lemery in Batangas, will use local scrap metal to product high-grade billets which will be raw material for building and ports construction, shipbuilding, among other projects.
SteelAsia president Benjamin Yao said the melt shop will formalize and organize the collection, consolidation and recycling of scrap metal throughout the country, creating a business sub-sector with opportunities for individuals and small businesses like junk shops.
Aside from generating business opportunities and thousands of jobs, it will also save the country precious dollars currently used to import billets.
“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 country, already has six operating plants and has lined up several more in a multi-billion-dollar plan to keep the country abreast of its neighbors,” said Yao.
To minimize the carbon footprint of the project, SteelAsia will use the latest green technology of Tenova, which Consteel Evolution technology saves energy, decarbonizes steel production, and reduces environmental impacts through efficient energy recovery and pollution control innovations.