Muscat: The stone laying ceremony in Duqm was held under the patronage of H.E. Dr Ali bin Masoud al Sunaidy, Chairman of the Public Authority for Special Economic Zones and Free Zones, and in the presence of Naveen Jindal, Chairman Jindal Group and Venkatesh Jindal, Vice Chairman Vulcan Green Steel.
The project is expected to be completed by 2026, with production starting in 2027. The estimated production capacity is 5 million metric tons annually and it is expected to reduce carbon dioxide emissions by approximately 85 percent from the current global average.

The Vice Chairman of the Board of Directors of Vulcan Green Steel Company indicated that the project will achieve significant savings, amounting to 12 million tons of carbon dioxide annually.