GSD plans $35m zinc oxide plants in Thailand & Saudi Arabia, Macquarie buys in

Global Steel Dust Ltd (GSD) plans to build two new steel dust recycling plants in Thailand and Saudi Arabia, and has brought Macquarie onboard to provide financing, company ceo Russ Robinson told MB

GSD expects each plant to cost $25-$35 million to build, and construction on both is scheduled to begin in the second half of 2011. The company has signed a memorandum of understanding with Thai zinc smelting company Padaeng, to build a recycling plant on the eastern seaboard of the Southeast Asian country, with Padaeng set to receive virtually all of its Waelz zinc oxide output via an offtake agreement. GSD is also in negotiations with a private Saudi firm to develop a second recycling plant in the Dammam/Jabail area which will source material from Saudi mills and provide Waelz oxide for the international market. Each plant will have an annual steel dust processing capacity of 110,000 tpy, producing around 35,000 tpy of Waelz oxide, Robinson said. Waelz oxide is named for the furnace technology used to separate zinc oxide from steel...

Published

Mark Burton

May 10, 2011

11:51 GMT

London