SABAH Oil & Gas Development Corporation Sdn Bhd and Esteel Enterprise Sabah Sdn Bhd signed a land-lease agreement for a USD4.39 billion Green Steel Project at Sabah Oil & Gas Industrial Park in Sipitang – the single biggest investment received by Sabah thus far. Chief Minister Datuk Seri Hajiji Noor witnessed the signing ceremony at the Mini Auditorium, Level 3, Sabah State Legislative Assembly in Kota Kinabalu on Nov 30.
5mtpy hot briquetted iron consisting of multiple facilities such as an iron ore concentration plant, pelletizing plant, HBI plant, jetty, support facilities, etc. It would commence in Q4 of 2023 and is expected to be completed by Q4 of 2025 with an investment value of 1.29 billion USD. Upon completion Of Phase I, Phase II and III will have another two sets of DRI, 2.5mtpy each and will include steelmaking, steel rolling, high-end steel processing and waste recycling, etc.
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