EMSTEEL, Gulf Cryo sign carbon capture, utilisation MoU

07/05/2026 02:02 AST

EMSTEEL, a large publicly listed steel and building materials company in the UAE, and Gulf Cryo, a CCU developer, have signed a strategic Memorandum of Understanding (MoU) to advance the development of a fully integrated carbon business model across EMSTEEL's operations.

The agreement will cover both carbon capture at source and the implementation of innovative downstream carbon utilisation, conversion and storage solutions, with the aim of establishing an integrated value chain from emissions to end-use applications.

In parallel, the initiative supports EMSTEEL's international market positioning by aligning with evolving global carbon regulations and taxonomies.

The signing took place during Make it in the Emirates (MITTE) in the presence of Saeed Al Remeithi, Group Chief Executive Officer of EMSTEEL, and Ranjith Nair, Chief Executive Officer of Gulf Cryo, together with senior leaders from both organisations.

Elie Adaimy, Group Head Business Development and Innovation at Gulf Cryo, commented: "With EMSTEEL, we are advancing a model where carbon capture at source is fully integrated into a sustainable value chain. This is key to accelerating and derisking industrial decarbonisation. Gulf Cryo connects industries, technologies, infrastructure, and end markets to unlock the value of captured carbon at scale and enable the emergence of new low-carbon industrial ecosystems." He added "This collaboration with EMSTEEL reflects a shared strategic vision for decarbonisation - innovation-driven, scalable, and anchored in practical industrial implementation."

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