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عين ليبيا
Benghazi to host $2.5B iron plant
The Turkish-Libyan industrial project in Benghazi aims to produce low-carbon steel using direct reduced iron technology based on natural gas instead of coal. This approach is intended to promote sustainability and reduce carbon emissions. Investments amount to approximately $2.5 billion, with production expected to begin in early 2028, reaching an annual output of 8.1 million tons in phases. The focus is on exporting 90% of the output while also meeting local market needs. Its strategic location on the Mediterranean coast offers opportunities for exporting products to European and African markets, leveraging Turkey's expertise in the steel and iron industry.
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