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– Advertisement –<\/span>\n<\/p>\n Kingspan is pleased to announce the signing of a Memorandum of Understanding (MoU) with Meranti Green Steel, a Singapore-headquartered company building what is set to be Southeast Asia\u2019s first major green steel plant.<\/p>\n The collaboration marks another significant step forward in Kingspan\u2019s strategy to procure lower carbon and green steel at scale, driven by its Group-wide Planet Passionate environmental sustainability programme. Through the programme, Kingspan aims to enhance the environmental performance of its product portfolio by reducing emissions across its manufacturing sites and reducing the carbon intensity of its key raw materials, including steel.<\/p>\n By partnering with Meranti Green Steel, Kingspan also aims to help accelerate the availability of green steel within the Asia Pacific (APAC) region. Demand for green steel is already showing strong promise in this region, with the APAC green steel market forecast to grow faster than any other market from 2024-2034 [1].<\/p>\n Meranti Green Steel will support these ambitions by supplying Kingspan with green steel for its operations in the APAC region. This will be facilitated via Meranti Green Steel\u2019s new plant on Thailand\u2019s east coast, which is on track to break ground at the end of 2026 and be commissioned by the end of 2029.<\/p>\n Meranti Green Steel\u2019s products will be manufactured using scrap and hot briquetted iron (HBI) produced from a mix of green hydrogen and natural gas at its Oman plant, and processed in electric arc furnaces (EAFs) in Thailand. Over the next 4-5 years, Meranti Green Steel aims to increase its use of renewable energy in Thailand to 100% through direct Power Purchase Agreements and third-party access to the Thai national grid or dedicated power lines from its plant in Rayong. Letters of intent have also been signed with several private green power suppliers in Thailand, with a total proposed capacity of 1.7 GW solar, wind and hydro power. The company aims to reduce the carbon intensity of steel by up to 90% by 2045, compared to steel produced using conventional CO2-intensive production methods \u2013 from approximately 2,300 kg CO2e per tonne of steel [2] to as low as 200\u2013650 kg CO2e per tonne of steel.<\/p>\n Through the partnership, Meranti Green Steel plans to deliver seven to eight million tonnes per annum (Mtpa) of green steel through a network of strategic hubs across Thailand, Oman, with potential future expansion into Indonesia, Western Australia and further locations within the APAC region.<\/p>\n On the collaboration, Mark Broderick, Procurement Director at Kingspan Group, said: Harold Quek, VP of Business Development at Meranti Green Steel, added: \u201cThis collaboration with Kingspan reflects the shared urgency to accelerate the transition towards lower carbon building materials in the Asia Pacific. At Meranti, our vision is not only to supply green steel at scale, but to support the region\u2019s Bio Circular Green economy model and its wider ESG goals. By combining Kingspan\u2019s leadership in sustainable building solutions with our commitment to deliver high grade, low emission steel, we are taking a significant step forward in building a resilient, future ready industrial ecosystem that creates impact far beyond steelmaking.\u201d<\/p>\n Kingspan\u2019s Phu My facility is located in the Ba Ria-Vung Tau province of Vietnam and supplies insulated panels for architectural, industrial, and controlled-environment applications, such as cold storage, clean rooms, and food manufacturing, across the wider Asian region. In March 2025, Kingspan announced the facility had been accredited with the industry-leading LEED Platinum certification.<\/p>\n<\/div>\n
\u201cDecarbonisation cannot happen in isolation \u2013 it requires a global approach and meaningful collaboration with industry partners. To play our part, we\u2019re increasing our use of raw materials with reduced environmental impacts to deploy across our operations and product lines worldwide, driven by our Planet Passionate programme. With our LEED Platinum certified Phu My facility in Vietnam and now the signing of this MoU, we\u2019re making real progress in the Asia Pacific region, where the potential for impact is immense. We\u2019re looking forward to working with the Meranti Green Steel team \u2013 partnerships like these are essential to our mission of accelerating a net zero emissions built environment with people and planet at its heart.\u201d<\/p>\n