Benghazi Municipality reported yesterday that Saddam Khalifa Haftar supervised the implementation phases of the project to establish the largest direct reduced iron (DRI) factory in the world by Turkish company Tosyali. The project site is in Ras Al-Mangar area, east of Benghazi.
Tosyali Solb Company, the executor of the project, is a consortium between the Turkish company Tosyali (30%) and the United Steel Company of Libya (70%). The first actual production is expected to start on 30 May with the first export shipments ready by the beginning of July of the same year.
During the event, Saddam Haftar made a number of technical observations, stressing the importance of supporting the project through the establishment of a vocational and training academy for Libyan youth, which contributes to preparing qualified cadres to keep pace with the needs of the industrial sector.
The project is being built under the supervision of the National Development Authority, on an area of 380 hectares overlooking the Mediterranean coast, with a production capacity of 7.5 million tons per year, making it the largest factory in the world in its field.
Benghazi Municipality reports that the project is environmentally friendly, reducing energy consumption by 25%, reducing carbon emissions by 30%, providing about 7,000 direct and indirect job opportunities, in addition to its long-term profit returns, and its role in diversifying sources of income and developing the infrastructure of the national economy.
The project includes a 3-kilometer export port, in addition to an accredited training academy, reflecting the integration of its industrial and logistical elements.
