Wednesday, December 06
02:23 AM

SOHAR Freezone, Green Ferro Alloy to set up Oman’s first silicon metal plant

24 Jul 2023 By OUR CORRESPONDENT

Sohar – SOHAR Port and Freezone signed a land lease agreement with Green Ferro Alloy (FZC) LLC to establish Oman’s first silicon metal plant in SOHAR Freezone.

With a total investment of US$68mn, this project reinforces SOHAR’s position as a global trade hub and represents a significant milestone in the economic growth and diversification of the region, meeting the growing demand for silicon metal in Asia, Europe, and North America.

The silicon metal plant, which will occupy a land area of 160,000sqm, will be designed and built to produce high-quality silicon metal, initially at a capacity of 25,000TPA in the first phase and expanding to 50,000TPA in the second phase.

The molten silicon metal is poured from the furnace to ladles and moulds, expertly cooled through moulds or continuous casting. After cooling, the silicon metal is crushed and packaged in large bags, ready for global export. This innovative process ensures premium quality silicon metal for our valued customers worldwide.

“We are excited about this partnership with SOHAR Freezone and the promising opportunities it offers to investors,” said the Director of Green Ferro Alloy.

“By leveraging the strategic advantages provided by SOHAR Freezone and its proximity to key markets, the establishment of the first silicon metal factory in the sultanate will strengthen the mining sector in the area.”

Commenting on this achievement, Omar al Mahrizi, CEO of SOHAR Freezone, DCEO SOHAR Port said, “This agreement marks a pivotal moment for us as it strengthens our position in global trade and reinforces our commitment to economic resilience.

The SOHAR Freezone CEO pointed out that the establishment of the first silicon metal plant in Oman showcases dedication to diversifying industries.

“Moreover, it demonstrates our ability to attract significant foreign direct investment, fostering business growth by increasing throughput and creating new opportunities, shaping a brighter and more sustainable future for SOHAR and beyond,” he added.

© 2021 Apex Press and Publishing. All Rights Reserved. Powered by Mesdac