Kingspan, a leader in high-performance insulation and building solutions, has signed a Memorandum of Understanding (MoU) with Meranti Green Steel, a Singapore-based company, to procure green steel in the Asia Pacific (APAC) region. This partnership aims to support Kingspan’s Planet Passionate programme, which focuses on reducing carbon emissions and enhancing the environmental performance of its products.
Meranti Green Steel will supply Kingspan with green steel from its upcoming plant in Thailand, set to commence construction at the end of 2026 and be operational by the end of 2029. This plant will be Southeast Asia’s first major green steel facility, using scrap and hot briquetted iron (HBI) produced with green hydrogen and natural gas, processed in electric arc furnaces.
The collaboration is expected to accelerate the availability of green steel in the APAC region, where demand is projected to grow rapidly from 2024 to 2034. Meranti Green Steel plans to deliver seven to eight million tonnes of green steel annually through strategic hubs in Thailand, Oman, and potentially Indonesia and Western Australia.
Mark Broderick, Kingspan’s Procurement Director, emphasised the importance of global collaboration for decarbonisation, stating, “Decarbonisation cannot happen in isolation – it requires a global approach and meaningful collaboration with industry partners.” Harold Quek, VP of Business Development at Meranti Green Steel, highlighted the shared commitment to lower carbon building materials, saying, “This collaboration with Kingspan reflects the shared urgency to accelerate the transition towards lower carbon building materials in the Asia Pacific.”
Kingspan’s Phu My facility in Vietnam, which supplies insulated panels across Asia, recently received LEED Platinum certification, underscoring the company’s commitment to sustainability.
