Muscat: The USD 10 million (RO 3.85 million) project will cover 2.2 hectares and is expected to be operational by 2026.
The new plant, set to produce 20,000 tons of low-carbon ferrochrome annually, will operate with zero gas emissions and no wastewater discharge, relying solely on electricity to power its processes. This eco-conscious approach aligns with Oman’s long-term goal of achieving carbon neutrality by 2050.
“The agreement reflects the confidence of international investors in the integrated industrial system developed by Sohar Freezone, which has become an ideal environment for quality investments,” said Mohammed bin Ali Al Shezawi, Acting CEO of Sohar Freezone.
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Chairman of Matrix Alloys, Bailin Yi, stated that Sohar Freezone was chosen for its ideal combination of location, advanced infrastructure, and low energy costs—critical for energy-intensive smelting operations.
The first phase of the project marks a pivotal moment in Oman’s industrial growth, capitalizing on Sohar’s strategic access to raw material suppliers and customers, supportive regulatory framework, and competitive operating costs. As the plant nears full capacity, it is poised to serve major markets across Europe, Japan, South Korea, and India, while contributing to a cleaner, more sustainable future for the region.
