Tenova’s ENERGIRON technology is set to power Azerbaijan’s first large-scale hot-briquetted iron (HBI) plant.
The project completed its Bankable Feasibility Study, confirming technical and economic viability, with the results presented at an event in Baku at the beginning of the month.
Paolo Argenta, executive vice president upstream at Tenova, said: "The project aligns closely with Tenova’s mission to support the global transition toward low-carbon steelmaking.
“Azerbaijan is uniquely positioned to become a regional leader in high-quality metallics, and this initiative represents an important opportunity to introduce advanced direct reduction technology in a market with strong industrial growth potential."
A key element of the feasibility study was the evaluation of the ENERGIRON Zero Reformer technology, jointly developed by Tenova and Danieli.
The ENERGIRON process enables the production of Direct Reduced Iron (DRI) and HBI with lower energy consumption and carbon emissions than conventional production routes.
The AzMC project is designed to leverage Azerbaijan’s industrial potential, strategic location, and energy resources.
The project is led by Azerbaijan Metal Company (AzMC), which is forecasting the development of a 2 Mt/year HBI plant in the country's Shamkir region.
Start-up is planned by the end of 2029
