Eurasian Resources Group to become global supplier of HBI following major deal with Primetals Technologies and Midrex Technologies

- New MIDREX Flex® direct reduction plant will produce 2 million tons of hot briquetted iron (HBI) annually
- Enables Eurasian Resources Group (ERG) and Kazakhstan to enter the global HBI market
- Today’s contract for the construction of the plant follows the successful completion of pre-engineering and basic engineering phases
- Advanced technologies will deliver high energy efficiency, minimal environmental impact, and readiness for future hydrogen utilization
- Project to create over 1,000 jobs in Kazakhstan
Eurasian Resources Group (ERG), a global metals and mining company, has signed a strategic contract with a consortium of Primetals Technologies, Ltd. and Midrex Technologies, Inc. The agreement covers detailed engineering, supply of key process equipment, and a range of services for the construction of a hot briquetted iron (HBI) plant in Rudny, Kazakhstan. This marks the next major milestone in the partnership, following the completion of pre-engineering and basic engineering packages.
The MIDREX Flex® plant will be one of the largest next-generation metallurgy facilities in Central Asia. Producing HBI with a metallization degree of at least 93.5 percent and an iron content of approx. 90 percent will enable Kazakhstan to enter the global HBI market with a new, competitive product. The MIDREX Flex plant is designed for a seamless transition to hydrogen utilization when it becomes commercially viable.
“The President of the Republic of Kazakhstan has stated that the country’s priority is to produce high-value-added products that are competitive in both domestic and international markets. Together with our partners, we are establishing a modern, environmentally friendly production facility – one that brings in advanced technologies, reduces the carbon footprint, creates employment opportunities, and contributes to the development of skilled human capital. With a target production capacity of 2 million tons of HBI per annum and a total investment exceeding US$1.2 billion, the project should create over 1,000 new jobs. Signing this contract with the consortium of Midrex Technologies and Primetals Technologies — global leaders in their respective fields — is a strategic step that reinforces ERG’s competitive edge in advancing Kazakhstan’s metallurgical industry, modernizing the country’s economy, and expanding its export potential.”
Shukhrat Ibragimov
Chief Executive Officer and Chairman of the Board of Managers of ERG
Significantly Reduced Emissions
The project is based on advanced direct reduction iron (DRI) technologies using the MIDREX process. Unlike traditional blast furnace production, it uses natural gas instead of coke, resulting in significantly lower emissions. The plant will process oxidized iron ore pellets produced by SSGPO JSC, a part of ERG, with the capability to deliver hot product directly to a future steelmaking shop.
“We are honored to play a pivotal role in this major project that propels Kazakhstan’s metal industry into a new era, enabling ERG to expand into global markets. The MIDREX Flex solution represents the most environmentally friendly technology for ore-based ironmaking, reducing the carbon footprint by more than 50 percent compared to traditional blast furnace production.”
Andreas Viehboeck
Executive Vice President and Head of Global Business Unit Upstream at Primetals Technologies
Creating Over 1,000 Jobs
The HBI plant construction project is being carried out by the Group’s subsidiary, QazIron ERG LLP. With a production capacity of 2 million tons of HBI per year, the investment totals approximately 650 billion tenge, or more than 1.2 billion USD. Commissioning is scheduled for 2029, and the project will create over 1,000 jobs in the region.
“We are proud that Midrex and our partner have been selected for this strategic project, a strong reflection of our proven expertise and the trust our clients place in our solutions. As the global leader in HBI, supplying about 90 percent of the world’s production, Midrex continues to drive the evolution of sustainable steelmaking for our customers.”
K.C. Woody
Midrex President and CEO
The MIDREX Flex Plant
The new plant includes a 7.15m diameter Midrex Shaft Furnace and a proprietary Midrex Reformer with low NOx burners for NOx reduction. Increased top gas pressure ensures higher furnace productivity and reduced power consumption. A flue gas hot fan additionally reduces electric power consumption. The plant will also feature a hot fines recycling system. Level 1 and Level 2 automation systems are part of the project as well.
For over half a century, Midrex has been at the forefront of direct reduced iron (DRI) production. Recognized as the global leader in ironmaking technology, its plants account for roughly 80 percent of the world’s low CO₂ DRI. Since 1969, more than 100 MIDREX Modules have been established across 21 countries.
Primetals Technologies is a pioneer and world leader in engineering, plant construction, and lifecycle services for the metals industry. The company offers a complete portfolio of technologies, products, and services—including integrated electrics and automation, digitalization, and environmental solutions—covering every step of the iron and steel production chain.
Related News.
November 6, 2026
India joins ISF Verify, bringing trusted digital certification within reach of 30 per cent of the global seafarer workforce
Agreement with the world’s second-largest seafarer supply country marks a major milestone for global digital certification. The Directorate General…
November 6, 2026
OpenGate Capital to acquire Maersk Training, the Global Safety Training and Gas-Safety Services Business of Maersk
OpenGate Capital, a global private equity firm, announced today that it has signed a definitive agreement to acquire Maersk Training and its…
November 6, 2026
Can AI Save the Planet? Planet Classroom examines AI’s Climate Impact, Energy Demands and Clean Energy Solutions
C. M. (Cathy) Rubin and The Nest Campus CEO Peter Gilmer explore AI's growing environmental footprint, billions in climate investment, and the…
November 6, 2026
Smart Port Market Size to be valued at USD 23.10 Billion by 2034; Increasing Volume of International Maritime Trade to Boost Market Development: Fortune Business Insights™
The global smart port market size was valued at USD 3.4 billion in 2025 and is expected to be worth USD 4.2 billion in 2026. The market is projected…
November 6, 2026
Closer cooperation with India can strengthen Danish shipping
Minister of Business and Competitiveness Martin Lidegaard is leading a Danish business delegation to India. Green shipping is among the…
November 6, 2026
IRClass Academy and PIP Makassar strengthen Executive Maritime Capability through IMPDP 2026
Indian Register of Shipping , through its professional training and development arm IRClass Academy, has further strengthened its engagement in…
November 6, 2026
MOL, Sharp, IOM Implement Solar Panel Donation Project
Move Will Enhance Living Conditions in Power-short Areas of Kenya Mitsui O.S.K. Lines, announced the donation of solar power panels to communities in…
November 6, 2026
Intermodal Report Week 44 2026
Pls find below the Intermodal Report - Week 44 2026 Intermodal Report Week 44 2026
November 6, 2026
Allied Weekly Market Review Week 44
Pls find below the Allied - Weekly Market Review - Week 44 ALLIED - Weekly Market Report- Week 44
November 6, 2026
Nor-Shipping partners with Marketing in Maritime to deliver Marketing & Communications day and awards in 2027
Nor-Shipping is partnering with Marketing in Maritime to deliver a dedicated Marketing & Communications Day and awards initiative at the 2027…
Subscribe to our newsletter!
if you dont want to swim alone in the ocean of news, sign up for the newsletter, and you will receive daily all the important news of world shipping!
Design & Development by P.KAN.DESIGNER
© 2026 Cyprus Shipping News. All rights reserved
Design & Development by P.KAN.DESIGNER
© 2026 Cyprus Shipping News. All rights reserved























