Friday, May 06,
Jindal Steel and Power Ltd’s plans to set up a natural gas-based steel plant in Bolivia having a capacity of 2.52 million tonnes per year.*
The company plans to use US-based Midrex Technologies’ direct reduction technology to build the plant, which will be the largest single module till date, the company said in a statement.
The project will be known as the Naveen Ultra Mega Mod DRI and will feature the latest Midrex shaft furnace innovations and will have the flexibility to produce both quality- hot direct reduced iron and hot briquetted iron for use in a new proposed Greenfield melt shop.
For the proposed DRI plant, iron ore and iron pellets will be supplied by JSB from its El Mutun iron ore reserves in Bolivia, where the company is also installing a pellet plant and steel making facility.
This is third DRI plant where Jindal Steel is using the US-based Midrex Technologies. In 2009, Jindal had signed up with Midrex for its 1.8 mtpa coal gasification-based DRI plant in Angul, Orissa. In 2010, Jindal acquired the Shadeed Steel plant in Oman that runs on the Midrex technology
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