OCBC takes equity stake in Esteel’s $1.9b hot briquetted iron plant plan
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OCBC has invested in Green Esteel's $1.9 billion hot briquetted iron plant in Sabah, aiming to create Southeast Asia's largest low-carbon steel facility. The plant will produce 2.5 million tonnes of HBI annually, reducing emissions by up to 80%. Esteel's CEO sees this as a boost for greener steel industry efforts. OCBC expects strong returns and views the investment as a strategic milestone in sustainable investment.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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