Latest news with #GreenMetallicMegaHub
Observer
13-05-2025
- Business
- Observer
Vale, OQAE join forces to power Oman operations with renewables
MUSCAT: Global mining giant Vale has signed a Head of Agreement (HOA) with OQ Alternative Energy (OQAE) to accelerate the decarbonisation of its operations in Oman. The agreement, signed during Oman Sustainability Week, sets the stage for developing renewable energy solutions to power Vale's pelletising plant in Sohar Port and support future energy needs of the Green Metallic Mega Hub planned in Duqm. The partnership aims to integrate clean energy into Vale's industrial operations through collaboration on energy supply, land coordination, and long-term planning. The agreement is expected to drive the shift toward renewable energy while laying the foundation for sustainable industrial development in Oman. 'Achieving large-scale decarbonisation requires more than ambition — it demands strong partnerships and robust infrastructure,' said Saleh Al Muslahi, Chief Executive of Mega Hubs–Middle East and North Africa at Vale. 'Through this agreement with OQAE, we are aligning on key elements such as demand aggregation and long-term supply models to transition Sohar operations and unlock Duqm's green potential.' Najla Zuhair al Jamali, CEO of OQ Alternative Energy, emphasized the broader significance of the collaboration. 'This partnership reflects OQAE's mission to support the industrial sector's shift to clean energy. Beyond reducing emissions at a single site, we are helping create a new blueprint for renewable-powered industrial development in Oman.' Vale has committed to transitioning its Sohar pelletising plant to 100% renewable electricity by 2030. The company is also developing a major industrial complex in Duqm to produce high-quality agglomerated iron ore products that support low-carbon steelmaking for both domestic and international markets. This partnership underscores Vale's global strategy to reduce its environmental impact and foster sustainable growth through cleaner technologies and operational efficiency.
Muscat Daily
13-05-2025
- Business
- Muscat Daily
Vale signs deal with OQAE to advance decarbonisation of its Oman operations
Muscat – As part of its strategy to decarbonise its operations in Oman and transition its industrial energy use to renewable sources, Vale in Oman has signed a Head of Agreement (HOA) with OQ Alternative Energy (OQAE) during Oman Sustainability Week. The agreement establishes a framework for developing renewable energy solutions to power Vale's pelletising plant in Sohar Port as well as support future energy needs for the upcoming Green Metallic Mega Hub in Duqm. The agreement outlines the direction for future project development by establishing clear areas of cooperation related to energy supply, land coordination and long-term planning, all aimed at enabling the integration of renewable energy into Vale's operations. Saleh al Muslahi, Chief Executive of Mega Hubs-Middle East and North Africa, said, 'Achieving large-scale decarbonisation demands more than ambitions, it requires strategic planning, strong partnerships, and reliable access to sustainable energy. Our agreement with OQAE embodies this approach. By aligning on demand aggregation, infrastructure readiness, and long-term supply models, we are creating the critical conditions to advance our transition in Sohar and unlock the potential of our future mega hub in Duqm.' Najla Zuhair al Jamali, Chief Executive of OQ Alternative Energy said, 'Our collaboration with Vale reflects OQAE's commitment to enabling the industrial sector's transition to clean energy. This agreement goes beyond decarbonizing a single site – it lays the foundation for a new model of sustainable industrial development in Oman, powered by renewables. Together, we are shaping a future where energy innovation drives national growth and global climate progress.' Vale's ambition is to help decarbonise the mining industry and support the transition to net-zero steelmaking in the long term. Stemming from its belief that energy transition is a great growth engine, the company has made public commitments to reduce its environmental footprint by investing in cleaner technologies, improving operational efficiency, and adopting advanced emissions control systems. In Oman, this ambition is being translated into action through the company's commitment to transition its pelletizing plant in Sohar to 100% renewable electricity by 2030 as well as the establishment of a large-scale industrial complex in Duqm designed to produce high-quality agglomerated products that enable lower-carbon steel production for both local and global markets.
